Three-Office Professional
6701 Sunset Drive #104, South Miami, FL 33143
For Sale
New
Contact for pricing
Private offices share reception, kitchen, and conference facilities within a secure office building.
Property Size25,000 SF
Price / SF$0.04
Days on Market5
Property Features for 6701 Sunset Drive #104
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Property Use
Building Details
Year Built
Listing Agency:
Realty World Executive Homes
(305) 251-4044
Listed By:
Kenneth D Ellman · License #0620906
(305) 968-0144
Source:
Lehmannflorida
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 2:52PM
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 Realty World Executive Homes
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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.
Three private offices are available individually or together within an attorney’s office. Shared facilities include reception space, a kitchen, and a conference room. The building is described as secure and offers parking, with covered parking also available for rent.
The office is at the northwest corner of Sunset Drive and 67th Avenue, three blocks west of US-1 and one mile east of the Palmetto Expressway.
The office is at the northwest corner of Sunset Drive and 67th Avenue, three blocks west of US-1 and one mile east of the Palmetto Expressway.
Key Highlights
- Three private offices available individually or as a group
- Shared reception area, kitchen, and conference room
- Secure office building with parking; covered parking available for rent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$662,625
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,252,500
$13.3M
Cap Rate 7%
$9,466,071
$9.5M
Cap Rate 9%
$7,362,500
$7.4M
Market Conditions
NOI Build-Up for 25,000 SF
Gross rent
$1.14M $45.60/SF
− Vacancy
−$256.5K −$10.26/SF
EGI
$883.5K $35.34/SF
− OpEx
−$220.9K −$8.84/SF
NOI
$662.6K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,252,500
Cap Rate 7%
$9,466,071
Cap Rate 9%
$7,362,500
Alternative Uses
Best Use
Office B
$9.47M
$8.28M – $11.04M
NOI $662,625 @ 7.0% cap · market cap 73,625.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.68M
$11.10M – $14.80M
NOI $887,849 @ 7.0% cap · market cap 98,649.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,212
Businesses Nearby
Explore this area
Business Placement
Demographics for 33143, FL
34,853
Population
15,374
Households
2.3
Avg Household Size
41
Median Age
60%
College-Educated
94%
High-School Grad
7.8 sq mi
ZIP Area
4,468
Density / Sq Mi
$80,924
Median Household Income
$52,864
Median Earnings
$1,823
Median Rent
$768,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Private offices share reception, kitchen, and conference facilities within a secure office building.
Where is this office unit located?
The property is located at 6701 Sunset Drive #104 South Miami, FL.
What are key features of this property?
This property features: Three private offices available individually or as a group; Shared reception area, kitchen, and conference room; Secure office building with parking; covered parking available for rent
