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    Miami Lakes Office Space Available Title is generated by Realmo AI

    5969 NW 151st St, Miami Lakes, FL 33014

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    For Lease
    $7,000/Mo $28 SF/Yr (calc)

    Office - Miami Lakes, FL

    Type:Office
    Property size:
    3,000 SF
    Lot size:
    1.73 Acres
    Added:
    May 13, 2026
    Days on Market:
    2
    Last Refresh:
    May 14 at 10:06 pm

    Property Features for 5969 NW 151st St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    7700
    Standard status
    Active
    APN
    32-20-24-015-0190
    Size
    3,000 SF
    Lot size
    1.73 Acres

    Building Details

    Year built
    1980
    Architectural style
    Other

    We can help!

    Listing Contact
    Joseph Suarez

    Listing agent Joseph Suarez License #3366522

    Listing office Trustpoint Realty, LLC. 15207 NW 60th Ave, Miami Lakes, FL

    Listing date May 13, 2026

    MLS# A11972170 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3,000 sq ft unit in the desirable Miami Lakes market.
    • Excellent location with quick access to Palmetto Expressway and Gratigny Parkway.
    • No CAM fees charged for the first year of the lease.
    • Abundant natural light due to numerous windows.
    • Recently remodeled lobby and updated restrooms.
    • Two reserved parking spaces with ample additional parking.

    Overview

    An exceptional opportunity exists to lease a 3,000 square foot second-floor office unit in Miami Lakes. The space benefits from abundant natural light due to numerous windows and a prime position within the building, creating a bright and welcoming work environment. The building features a recently remodeled lobby, providing a modern and professional first impression. Restrooms have also been recently updated and are exclusively accessible to tenants within the building. An elevator services the property for convenient access to the second floor. The unit includes a private mailbox and two reserved parking spaces, with ample additional parking available in the lot. Ideally situated near a police station, the property also offers quick access to the Palmetto Expressway and Gratigny Parkway, making commuting easy. The property is located in Miami Lakes, within Miami-Dade County. The lot size is 1.7292 acres. As an added incentive, CAM fees will not be charged during the first year of the lease. The landlord is requesting two security deposits, and lease terms are negotiable.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami Lakes
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3027
    Latitude
    25.9039

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    FAQs

    What type of property is this?
    Office units - 3,000 SF office unit with abundant natural light.
    Where is this office units located?
    The property is located at 5969 NW 151st St Miami Lakes, FL.
    What is the lease rate?
    The lease rate is $7,000 /Mo.
    What are key features of this property?
    This property features: 3,000 sq ft unit in the desirable Miami Lakes market.; Excellent location with quick access to Palmetto Expressway and Gratigny Parkway.; No CAM fees charged for the first year of the lease.
    (305) 200-0348
    We can help!
    Listing Contact
    Joseph Suarez
    Real Estate License ID: 3366522
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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