Corner Office Suite with Window
For Sale
Contact for pricing
5959 Waterford District Dr # 305, Miami, FL 33126
Second-generation workspace offers perimeter offices, elevator-lobby exposure, and views toward the airport.
Property Size5,041 SF
Price / SF$0.01
Days on Market224
Property Features for 5959 Waterford District Dr # 305
General Information
Standard status
Active
Size
5,041 SF
Elevators
Yes
Property subtype
Office
Site & Location
Neighborhood
Le Jeune Gardens
Additional Details
Condition
Second Generation
Property Use
Office
Building Details
Building Size
5,041 SF
Year Built
1985
Listing Agency:
Wilshire Advisory Group Corp
Listed By:
Gonzalo Rioja · License #3603831
(305) 262-0246
Source:
Emporiore
Added: Mar 19
Changed: Oct 27
Last Checked: Oct 26 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 Wilshire Advisory Group Corp
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Investment Insights
Based on property information with market context.
This 5,041-square-foot office suite is configured with perimeter window offices and occupies a corner position. The space is second generation, with direct exposure to the elevator lobby and a window line that brings natural light into the offices. Airport views are also noted.
The suite is at 5959 Waterford District Dr, Suite 305, in Miami. The building was constructed in 1985 and has four other spaces available, with options reaching 17,000 square feet.
The suite is at 5959 Waterford District Dr, Suite 305, in Miami. The building was constructed in 1985 and has four other spaces available, with options reaching 17,000 square feet.
Key Highlights
- 5,041‑square‑foot corner office suite
- Perimeter offices with windows
- Direct exposure to the elevator lobby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,614
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,892,280
$2.9M
Cap Rate 7%
$2,065,914
$2.1M
Cap Rate 9%
$1,606,822
$1.6M
Market Conditions
NOI Build-Up for 5,041 SF
Gross rent
$226.8K $45.00/SF
− Vacancy
−$34.0K −$6.75/SF
EGI
$192.8K $38.25/SF
− OpEx
−$48.2K −$9.56/SF
NOI
$144.6K $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%
$2,892,280
Cap Rate 7%
$2,065,914
Cap Rate 9%
$1,606,822
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.41M
NOI $144,614 @ 7.0% cap · market cap 336,311.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.40M
$2.98M – $3.97M
NOI $238,190 @ 7.0% cap · market cap 553,930.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,240
Businesses Nearby
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Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
Median Home Value
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Second-generation workspace offers perimeter offices, elevator-lobby exposure, and views toward the airport.
Where is this office unit located?
The property is located at 5959 Waterford District Dr # 305 Miami, FL.
What are key features of this property?
This property features: 5,041‑square‑foot corner office suite; Perimeter offices with windows; Direct exposure to the elevator lobby
