Office Unit with Adaptable
7904 West Dr #5, North Bay Village, FL 33141
For Sale
Contact for pricing
The interior offers flexibility for professional or service-oriented operations, subject to required approvals.
Property Size989 SF
Price / SF$2.53
Days on Market30
Property Features for 7904 West Dr #5
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
Campos Commercial Real Estate LLC
(786) 805-7408
Listed By:
Donna Ternus · License FL #3451379
(954) 643-6531
Source:
Stoicestates
Added: Oct 16
Changed: Nov 14
Last Checked: Nov 13 at 2:24PM
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 Campos Commercial Real Estate LLC
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Investment Insights
Based on property information with market context.
Unit 5 at 7904 West Dr is a 989-square-foot commercial space that may be reconfigured for professional office or service-oriented use. The property was built in 1963. Its former restaurant kitchen is no longer operational, and any proposed use remains subject to municipal zoning, permits, and condominium association approval.
The unit is in North Bay Village, Florida.
The unit is in North Bay Village, Florida.
Key Highlights
- 989‑square‑foot commercial unit
- Unit 5 at 7904 West Dr, North Bay Village, FL 33141
- Built in 1963
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,598
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,960
$552.0K
Cap Rate 7%
$394,257
$394.3K
Cap Rate 9%
$306,644
$306.6K
Market Conditions
NOI Build-Up for 989 SF
Gross rent
$43.9K $44.40/SF
− Vacancy
−$7.1K −$7.19/SF
EGI
$36.8K $37.21/SF
− OpEx
−$9.2K −$9.30/SF
NOI
$27.6K $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%
$551,960
Cap Rate 7%
$394,257
Cap Rate 9%
$306,644
Alternative Uses
Best Use
Office B
$394.3K
$345.0K – $460.0K
NOI $27,598 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$540.1K
$472.6K – $630.1K
NOI $37,805 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,084
Businesses Nearby
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Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
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Market
Average Price Trend$/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 - The interior offers flexibility for professional or service-oriented operations, subject to required approvals.
Where is this office unit located?
The property is located at 7904 West Dr #5 North Bay Village, FL.
What are key features of this property?
This property features: 989‑square‑foot commercial unit; Unit 5 at 7904 West Dr, North Bay Village, FL 33141; Built in 1963
