Office Units with Updated Common
6405 NW 36th St, Virginia Gardens, FL 33166
For Sale
Contact for pricing
Positioned across from Miami International Airport, the property offers office space with on-site parking.
Property Size48,881 SF
Price / SF$0.02
Days on Market42
Property Features for 6405 NW 36th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Additional Details
Property Use
Building Details
Building Size
Year Built
Listing Agency:
Trustpoint Realty, LLC.
Listed By:
Joseph Suarez · License #3366522
(305) 200-0348
Source:
Signaturemiamirealestate
Added: Sep 29
Changed: Nov 7
Last Checked: Nov 8 at 4:58PM
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 Trustpoint Realty, LLC.
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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.
Office space is available in the Avex Building, a 48,881-SF property built in 1952. Hallways and restrooms have been remodeled, while exterior painting and landscaping are part of the current improvement work. On-site parking serves tenants and visitors.
The building is directly across from Miami International Airport, with the Palmetto Expressway nearby and access from NW 36th Street. The property is privately owned.
The building is directly across from Miami International Airport, with the Palmetto Expressway nearby and access from NW 36th Street. The property is privately owned.
Key Highlights
- 48,881‑SF property built in 1952
- Office space in the Avex Building
- Remodeled hallways and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,364,044
Suggested Prices Based on Cap Rates
Cap Rate 5%
$27,280,880
$27.3M
Cap Rate 7%
$19,486,343
$19.5M
Cap Rate 9%
$15,156,044
$15.2M
Market Conditions
NOI Build-Up for 48,881 SF
Gross rent
$2.17M $44.40/SF
− Vacancy
−$351.6K −$7.19/SF
EGI
$1.82M $37.21/SF
− OpEx
−$454.7K −$9.30/SF
NOI
$1.36M $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%
$27,280,880
Cap Rate 7%
$19,486,343
Cap Rate 9%
$15,156,044
Alternative Uses
Best Use
Office B
$19.49M
$17.05M – $22.73M
NOI $1,364,044 @ 7.0% cap · market cap 136,404.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$26.69M
$23.36M – $31.14M
NOI $1,868,490 @ 7.0% cap · market cap 186,849.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,037
Businesses Nearby
Explore this area
Business Placement
Demographics for 33166, FL
26,106
Population
10,838
Households
2.4
Avg Household Size
41
Median Age
42%
College-Educated
83%
High-School Grad
7.9 sq mi
ZIP Area
3,305
Density / Sq Mi
$78,166
Median Household Income
$39,744
Median Earnings
$1,766
Median Rent
$489,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Miami-Dade County, FL
Properties on Market for Office Units in Miami-Dade County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Positioned across from Miami International Airport, the property offers office space with on-site parking.
Where is this office unit located?
The property is located at 6405 NW 36th St Virginia Gardens, FL.
What are key features of this property?
This property features: 48,881‑SF property built in 1952; Office space in the Avex Building; Remodeled hallways and restrooms
