Office Unit in Multi-Suite
For Sale
Contact for pricing
4995 NW 72nd Ave # 408, Miami, FL 33166
The 1985-built office property offers additional suite sizes and on-site parking.
Property Size42,000 SF
Price / SF$0.00
Days on Market191
Property Features for 4995 NW 72nd Ave # 408
General Information
Standard status
Active
Size
42,000 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Office Units
1
Property Use
Office
Taxes and HOA fees
Annual Taxes
$85,694
Building Details
Building Size
42,000 SF
Year Built
1985
Listing Agency:
Aterra Real Estate Partners, LLC
Listed By:
Carissa Barzana · License #3602968
(305) 447-0027
Source:
Emporiore
Added: Apr 20
Changed: Oct 27
Last Checked: Oct 27 at 4:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aterra Real Estate Partners, LLC
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Investment Insights
Based on property information with market context.
This office unit provides 800 square feet of space within a property with other office suites ranging from 500 to 1,500 square feet. The building dates to 1985, and parking is available on site.
The property is in Miami, with access to major highways and Miami International Airport.
The property is in Miami, with access to major highways and Miami International Airport.
Key Highlights
- 800 SF office unit
- Additional suites range from 500 SF to 1,500 SF
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,204,875
Suggested Prices Based on Cap Rates
Cap Rate 5%
$24,097,500
$24.1M
Cap Rate 7%
$17,212,500
$17.2M
Cap Rate 9%
$13,387,500
$13.4M
Market Conditions
NOI Build-Up for 42,000 SF
Gross rent
$1.89M $45.00/SF
− Vacancy
−$283.5K −$6.75/SF
EGI
$1.61M $38.25/SF
− OpEx
−$401.6K −$9.56/SF
NOI
$1.20M $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$24,097,500
Cap Rate 7%
$17,212,500
Cap Rate 9%
$13,387,500
Alternative Uses
Best Use
Office B
$17.21M
$15.06M – $20.08M
NOI $1,204,875 @ 7.0% cap · market cap 5,238,586.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$28.35M
$24.81M – $33.08M
NOI $1,984,519 @ 7.0% cap · market cap 8,628,343.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,055
Businesses Nearby
Explore this area
Business Placement
Demographics for 33166, FL
26,106
Population
10,838
Households
2.4
Avg Household Size
41
Median Age
42%
College-Educated
83%
High-School Grad
7.9 sq mi
ZIP Area
3,305
Density / Sq Mi
$78,166
Median Household Income
$39,744
Median Earnings
$1,766
Median Rent
$489,200
Median Home Value
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - The 1985-built office property offers additional suite sizes and on-site parking.
Where is this office unit located?
The property is located at 4995 NW 72nd Ave # 408 Miami, FL.
What are key features of this property?
This property features: 800 SF office unit; Additional suites range from 500 SF to 1,500 SF; On‑site parking
