Remodeled Office
For Sale
Contact for pricing
5401 Collins Avenue #CU-9, Miami Beach, FL 33140
The space is commercially zoned for office and retail use in the Carriage House.
Property Size1,850 SF
Price / SF$2.43
Days on Market30
Property Features for 5401 Collins Avenue #CU-9
General Information
Standard status
Active
Size
1,850 SF
Property subtype
Office
Building Details
Year Built
1967
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 748-7373
Listed By:
Antonio Saladrigas · License #3502121
(786) 378-1850
Source:
Lehmannflorida
Added: Sep 21
Changed: Oct 19
Last Checked: Oct 19 at 2:23PM
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 Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
Unit CU9 is a remodeled 1,850-square-foot commercial office space in the Carriage House at 5401 Collins Avenue. Its interior is arranged with seven offices, and the property is commercially zoned for office and retail use.
The space has an oceanfront orientation along a residential corridor in Miami Beach.
The space has an oceanfront orientation along a residential corridor in Miami Beach.
Key Highlights
- 1,850‑square‑foot office space
- Interior layout includes 7 offices
- Commercial zoning allows office and retail use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,034
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,680
$980.7K
Cap Rate 7%
$700,486
$700.5K
Cap Rate 9%
$544,822
$544.8K
Market Conditions
NOI Build-Up for 1,850 SF
Gross rent
$84.4K $45.60/SF
− Vacancy
−$19.0K −$10.26/SF
EGI
$65.4K $35.34/SF
− OpEx
−$16.3K −$8.84/SF
NOI
$49.0K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,680
Cap Rate 7%
$700,486
Cap Rate 9%
$544,822
Alternative Uses
Best Use
Office B
$700.5K
$612.9K – $817.2K
NOI $49,034 @ 7.0% cap · market cap 1,089.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$938.6K
$821.3K – $1.10M
NOI $65,701 @ 7.0% cap · market cap 1,460.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Explore this area
Business Placement
Demographics for 33140, FL
19,315
Population
16,000
Households
1.2
Avg Household Size
46
Median Age
62%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,231
Density / Sq Mi
$103,898
Median Household Income
$65,708
Median Earnings
$2,020
Median Rent
$863,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The space is commercially zoned for office and retail use in the Carriage House.
Where is this office unit located?
The property is located at 5401 Collins Avenue #CU-9 Miami Beach, FL.
What are key features of this property?
This property features: 1,850‑square‑foot office space; Interior layout includes 7 offices; Commercial zoning allows office and retail use
