Office Unit with Bank
New
For Sale
Contact for pricing
7208 NW 72nd Avenue, Miami, FL 33166
Air-conditioned space combines enclosed rooms, a break area, restrooms, and substantial storage.
Property Size12,875 SF
Price / SF$0.35
Days on Market4
Property Features for 7208 NW 72nd Avenue
General Information
Standard status
Active
Size
12,875 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Office/Showroom
Amenities
air conditioning
kitchen break room
restrooms
glass enclosed rooms
storage room
bank vault
double glass pedestrian door
Building Details
Year Built
1979
Listing Agency:
McDonell Management and R. E. LLC
(305) 884-2600
Listed By:
Hortensia M McDonell · License #3465344
(305) 725-6427
Source:
Lehmannflorida
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 2:43AM
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 McDonell Management and R. E. LLC
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Investment Insights
Based on property information with market context.
This approximately 3,025-square-foot office unit is fully air-conditioned and includes three glass-enclosed rooms, a kitchen break area, two restrooms, and a large storage room. A bank vault is part of the space. The layout also has a double glass entry door and a separate rear exit, with parking on site.
The property fronts NW 72nd Avenue, with access to Palmetto 826 at NW 74th Street. It is in unincorporated Miami-Dade County, south of the Town of Medley and east of the City of Doral.
The property fronts NW 72nd Avenue, with access to Palmetto 826 at NW 74th Street. It is in unincorporated Miami-Dade County, south of the Town of Medley and east of the City of Doral.
Key Highlights
- Approximately 3,025 SF of fully air‑conditioned office/showroom space
- Bank vault included in the unit
- Three glass‑enclosed rooms, kitchen break area, two restrooms, and large storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$369,352
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,387,040
$7.4M
Cap Rate 7%
$5,276,457
$5.3M
Cap Rate 9%
$4,103,911
$4.1M
Market Conditions
NOI Build-Up for 12,875 SF
Gross rent
$579.4K $45.00/SF
− Vacancy
−$86.9K −$6.75/SF
EGI
$492.5K $38.25/SF
− OpEx
−$123.1K −$9.56/SF
NOI
$369.4K $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%
$7,387,040
Cap Rate 7%
$5,276,457
Cap Rate 9%
$4,103,911
Alternative Uses
Best Use
Retail
$6.00M
$5.25M – $7.00M
NOI $420,056 @ 7.0% cap · market cap 9,232.00%
Second Best
Office B
$5.28M
$4.62M – $6.16M
NOI $369,352 @ 7.0% cap · market cap 8,117.63%
Theoretical Best
Specialty Retail
$8.69M
$7.60M – $10.14M
NOI $608,350 @ 7.0% cap · market cap 13,370.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,002
Businesses Nearby
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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
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Air-conditioned space combines enclosed rooms, a break area, restrooms, and substantial storage.
Where is this office unit located?
The property is located at 7208 NW 72nd Avenue Miami, FL.
What are key features of this property?
This property features: Approximately 3,025 SF of fully air‑conditioned office/showroom space; Bank vault included in the unit; Three glass‑enclosed rooms, kitchen break area, two restrooms, and large storage room
