Office
5445 Collins Avenue CU8, Miami Beach, FL 33140
For Sale
$550,000
Commercial office space within an established Miami Beach property.
Property Size620 SF
Days on Market992
Property Features for 5445 Collins Avenue CU8
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Prime Beach Realty Inc.
Listed By:
Maxher Pineda · License FL #3071879
(786) 271-4965
Source:
Silverleafrealtygroup
Added: Feb 28, 2024
Changed: Nov 12
Last Checked: Nov 14 at 1:56PM
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 Prime Beach Realty Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial office unit is identified as CU8 at 5445 Collins Avenue in Miami Beach, Florida. The property was built in 1966 and is classified as an office unit.
Key Highlights
- Office unit designated CU8
- Located at 5445 Collins Avenue, Miami Beach, FL 33140
- Property built in 1966
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,301
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,020
$346.0K
Cap Rate 7%
$247,157
$247.2K
Cap Rate 9%
$192,233
$192.2K
Market Conditions
NOI Build-Up for 620 SF
Gross rent
$27.5K $44.40/SF
− Vacancy
−$4.5K −$7.19/SF
EGI
$23.1K $37.21/SF
− OpEx
−$5.8K −$9.30/SF
NOI
$17.3K $27.91/SF
Area
Miami-Dade County, FL
Vacancy
16.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,020
Cap Rate 7%
$247,157
Cap Rate 9%
$192,233
Alternative Uses
Best Use
Office B
$247.2K
$216.3K – $288.4K
NOI $17,301 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$338.6K
$296.3K – $395.0K
NOI $23,700 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
668
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
$863,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office Units in Miami Beach, FL
Properties on Market for Office Units in Miami Beach
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial office space within an established Miami Beach property.
Where is this office unit located?
The property is located at 5445 Collins Avenue CU8 Miami Beach, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Office unit designated CU8; Located at 5445 Collins Avenue, Miami Beach, FL 33140; Property built in 1966
