Marina-Level Office
New
For Sale
$449,000
555 NE 15th St CU-1, Miami, FL 33132
A separate entrance and assigned parking support direct access to the unit.
Property Size540 SF
Days on Market2
Property Features for 555 NE 15th St CU-1
General Information
Standard status
Active
Size
540 SF
Total Parking Spaces
1
Property subtype
Commercial
Site & Location
Neighborhood
Omni/Pac
Public Transit
Yes
Additional Details
Floor
marina level
Property Use
Office
Taxes and HOA fees
Annual Taxes
$724
Building Details
Building Size
540 SF
Year Built
1980
Listed By:
Joyce Parra · License #3339529
(786) 444-2096
Source:
Elliman
Added: Oct 23
Last Checked: Oct 23 at 3:56PM
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 Joyce Parra
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Investment Insights
Based on property information with market context.
This office unit sits at marina level within The Venetia Condominium, a building completed in 1980. It has independent access from the building and includes one assigned parking space.
Located at 555 NE 15th St in Miami, the property has a Walk Score of 92, a Transit Score of 79, and a Bike Score of 86.
Located at 555 NE 15th St in Miami, the property has a Walk Score of 92, a Transit Score of 79, and a Bike Score of 86.
Key Highlights
- Marina‑level office unit within The Venetia Condominium
- Independent access from the building
- One assigned parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,491
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,820
$309.8K
Cap Rate 7%
$221,300
$221.3K
Cap Rate 9%
$172,122
$172.1K
Market Conditions
NOI Build-Up for 540 SF
Gross rent
$24.3K $45.00/SF
− Vacancy
−$3.6K −$6.75/SF
EGI
$20.7K $38.25/SF
− OpEx
−$5.2K −$9.56/SF
NOI
$15.5K $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%
$309,820
Cap Rate 7%
$221,300
Cap Rate 9%
$172,122
Alternative Uses
Best Use
Office B
$221.3K
$193.6K – $258.2K
NOI $15,491 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$364.5K
$318.9K – $425.3K
NOI $25,515 @ 7.0% cap · market cap 5.68%
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
3,663
Businesses Nearby
Explore this area
Business Placement
Demographics for 33132, FL
18,159
Population
12,725
Households
1.4
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
12,106
Density / Sq Mi
$109,505
Median Household Income
$71,509
Median Earnings
$2,534
Median Rent
$545,100
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 Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - A separate entrance and assigned parking support direct access to the unit.
Where is this office unit located?
The property is located at 555 NE 15th St CU-1 Miami, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Marina‑level office unit within The Venetia Condominium; Independent access from the building; One assigned parking space
