Freestanding Office
For Sale
Contact for pricing
505 NE 125th St, North Miami, FL 33161
C-3 zoning supports medical, professional service, and retail uses.
Property Size3,747 SF
Lot Size0.25 Acres
Price / SF$2.67
Days on Market246
Property Features for 505 NE 125th St
General Information
Standard status
Active
Size
3,747 SF
Total Parking Spaces
17
Lot size
0.25 Acres
Property subtype
Office
Zoning
C-3
Site & Location
Neighborhood
Downtown North Miami
Additional Details
Tenant in Place
Yes
Building Details
Building Size
3,747 SF
Year Built
1968
Buildings
1
Listing Agency:
RE/MAX 5 Star Realty
Listed By:
John DeMarco · License #3134747
(954) 453-1000
Source:
Diannalantiguarealty
Added: Feb 23
Changed: Oct 26
Last Checked: Oct 26 at 3:26PM
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 RE/MAX 5 Star Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding office property in North Miami contains 3,747 square feet and was built in 1968. It occupies a 10,700-square-foot corner parcel and includes 17 on-site parking spaces. The C-3 Commercial Business District zoning permits uses that include medical offices, professional services, and retail concepts.
The property is offered for sale and has an NNN lease structure.
The property is offered for sale and has an NNN lease structure.
Key Highlights
- 3,747 SF freestanding office building
- 10,700 SF corner lot
- 17 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,370
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,400
$987.4K
Cap Rate 7%
$705,286
$705.3K
Cap Rate 9%
$548,556
$548.6K
Market Conditions
NOI Build-Up for 3,747 SF
Gross rent
$89.9K $24.00/SF
− Vacancy
−$7.6K −$2.04/SF
EGI
$82.3K $21.96/SF
− OpEx
−$32.9K −$8.78/SF
NOI
$49.4K $13.18/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,400
Cap Rate 7%
$705,286
Cap Rate 9%
$548,556
Alternative Uses
Best Use
Office B
$1.42M
$1.24M – $1.66M
NOI $99,314 @ 7.0% cap · market cap 993.14%
Second Best
Healthcare Medical
$705.3K
$617.1K – $822.8K
NOI $49,370 @ 7.0% cap · market cap 493.70%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,071 @ 7.0% cap · market cap 1,330.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - C-3 zoning supports medical, professional service, and retail uses.
Where is this office building located?
The property is located at 505 NE 125th St North Miami, FL.
What are key features of this property?
This property features: 3,747 SF freestanding office building; 10,700 SF corner lot; 17 on‑site parking spaces
