Two-Story Office
529 W Flagler St, Miami, FL 33130
For Sale
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Full-building office configuration with extensive private rooms, shared areas, storage, and on-site paved parking.
Property Size9,340 SF
Price / SF$0.00
Days on Market439
Property Features for 529 W Flagler St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Tenancy
Listing Agency:
STL Advisors, LLC
Listed By:
Alexandros Tsoulfas · License FL #3444839
(305) 972-7217
Source:
Batrare
Added: Sep 2, 2025
Changed: Nov 8
Last Checked: Nov 12 at 3:48PM
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 STL Advisors, LLC
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Investment Insights
Based on property information with market context.
This two-level office building provides 9,340 square feet of space and was constructed in 1957. The first floor includes six offices, two common rooms, one large storage area, two smaller storage rooms, and two bathrooms. Upstairs are eight offices, two common rooms, storage closets, a kitchen, and two additional bathrooms. Natural light and mid-century modern design elements contribute to the property’s character.
The offering also includes the surrounding lot, with a paved parking area and additional land behind the building. The existing layout supports an organization seeking dedicated occupancy across an entire office property, while the space can also accommodate future renovation plans.
The offering also includes the surrounding lot, with a paved parking area and additional land behind the building. The existing layout supports an organization seeking dedicated occupancy across an entire office property, while the space can also accommodate future renovation plans.
Key Highlights
- 9,340‑square‑foot office building completed in 1957
- Two floors with 14 private offices and four large common rooms
- Six bathrooms across the building, plus kitchen and multiple storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$267,941
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,358,820
$5.4M
Cap Rate 7%
$3,827,729
$3.8M
Cap Rate 9%
$2,977,122
$3.0M
Market Conditions
NOI Build-Up for 9,340 SF
Gross rent
$420.3K $45.00/SF
− Vacancy
−$63.0K −$6.75/SF
EGI
$357.3K $38.25/SF
− OpEx
−$89.3K −$9.56/SF
NOI
$267.9K $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%
$5,358,820
Cap Rate 7%
$3,827,729
Cap Rate 9%
$2,977,122
Alternative Uses
Best Use
Office B
$3.83M
$3.35M – $4.47M
NOI $267,941 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.30M
$5.52M – $7.36M
NOI $441,319 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,186
Businesses Nearby
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Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Miami, FL
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Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office building - Full-building office configuration with extensive private rooms, shared areas, storage, and on-site paved parking.
Where is this office building located?
The property is located at 529 W Flagler St Miami, FL.
What are key features of this property?
This property features: 9,340‑square‑foot office building completed in 1957; Two floors with 14 private offices and four large common rooms; Six bathrooms across the building, plus kitchen and multiple storage areas
