Four-Office Professional
66 W Flagler St # 320, Miami, FL 33130
For Sale
Contact for pricing
Move-in-ready workspace with reception, waiting area, included utilities, and internet service.
Property Size88,908 SF
Price / SF$0.03
Days on Market141
Property Features for 66 W Flagler St # 320
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Furnished
Amenities
lobby
front desk attendant
light housekeeping
Building Details
Building Size
Year Built
Listing Agency:
Vizcayne Realty
Listed By:
Carol Viteri · License #0681215
(786) 286-8702
Source:
Allyandaj
Added: Jun 22
Changed: Oct 31
Last Checked: Nov 8 at 11:40AM
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 Vizcayne Realty
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Investment Insights
Based on property information with market context.
This 1,287-square-foot office unit is configured with four private offices ranging from 133 to 327 square feet. The layout also includes a dedicated reception area, separate sitting and waiting space, and room for a coffee station, copier, and filing. Laminate flooring runs throughout, and furniture may remain for the next occupant. Utilities, internet service, and light housekeeping are included.
The property is positioned in downtown Miami across from the Miami Dade Courthouse. Metrorail and Metromover are approximately 1.5 blocks away, while Brightline is a five-minute walk. Brickell is also within walking distance. Building improvements include a recently renovated lobby with a front desk attendant and three elevators. The building was completed in 1964.
The property is positioned in downtown Miami across from the Miami Dade Courthouse. Metrorail and Metromover are approximately 1.5 blocks away, while Brightline is a five-minute walk. Brickell is also within walking distance. Building improvements include a recently renovated lobby with a front desk attendant and three elevators. The building was completed in 1964.
Key Highlights
- 1,287 SF office unit with four private offices
- Private offices range from 133 SF to 327 SF
- Separate reception and sitting/waiting areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,550,548
Suggested Prices Based on Cap Rates
Cap Rate 5%
$51,010,960
$51.0M
Cap Rate 7%
$36,436,400
$36.4M
Cap Rate 9%
$28,339,422
$28.3M
Market Conditions
NOI Build-Up for 88,908 SF
Gross rent
$4.00M $45.00/SF
− Vacancy
−$600.1K −$6.75/SF
EGI
$3.40M $38.25/SF
− OpEx
−$850.2K −$9.56/SF
NOI
$2.55M $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%
$51,010,960
Cap Rate 7%
$36,436,400
Cap Rate 9%
$28,339,422
Alternative Uses
Best Use
Office B
$36.44M
$31.88M – $42.51M
NOI $2,550,548 @ 7.0% cap · market cap 85,018.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$60.01M
$52.51M – $70.02M
NOI $4,200,943 @ 7.0% cap · market cap 140,031.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
13,901
Businesses Nearby
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Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Miami, FL
Properties on Market for Office Units in Miami
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Move-in-ready workspace with reception, waiting area, included utilities, and internet service.
Where is this office unit located?
The property is located at 66 W Flagler St # 320 Miami, FL.
What are key features of this property?
This property features: 1,287 SF office unit with four private offices; Private offices range from 133 SF to 327 SF; Separate reception and sitting/waiting areas
