Office Suite with
New
For Sale
Contact for pricing
7924 NE 2nd Ave, Miami, FL 33138
Two private offices share the suite with showroom space and one covered parking space.
Property Size3,000 SF
Price / SF$1.33
Days on Market5
Property Features for 7924 NE 2nd Ave
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
1
Property subtype
Office
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Office Units
1
Building Details
Building Size
3,000 SF
Year Built
1973
Listing Agency:
BrokerNation Real Estate
Listed By:
Marta Lorenzo · License #3203007
(305) 807-4510
Source:
Casacollectiongroup
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 12:13PM
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 BrokerNation Real Estate
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Investment Insights
Based on property information with market context.
This office suite combines two private offices with showroom space, offering a configuration for work and product display. Private men’s and women’s restrooms are located within the space. One covered parking space is included, with metered street parking and paid garage parking also available nearby. The building dates to 1973.
The property is at 7924 NE 2nd Avenue in Miami, near the Miami Design District and Ironside. Access is available to I-95 and Biscayne Boulevard, as well as surrounding Miami business districts. The surrounding area includes showrooms serving design and hospitality businesses.
The space is offered as a commercial sublease, subject to the master lease and landlord approval. Electricity, water, sewer, and internet are included in the rent.
The property is at 7924 NE 2nd Avenue in Miami, near the Miami Design District and Ironside. Access is available to I-95 and Biscayne Boulevard, as well as surrounding Miami business districts. The surrounding area includes showrooms serving design and hospitality businesses.
The space is offered as a commercial sublease, subject to the master lease and landlord approval. Electricity, water, sewer, and internet are included in the rent.
Key Highlights
- Two private offices plus dedicated showroom space
- One covered parking space included; metered street and paid garage parking also available
- Private men’s and women’s restrooms within the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,063
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,721,260
$1.7M
Cap Rate 7%
$1,229,471
$1.2M
Cap Rate 9%
$956,256
$956.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$135.0K $45.00/SF
− Vacancy
−$20.3K −$6.75/SF
EGI
$114.8K $38.25/SF
− OpEx
−$28.7K −$9.56/SF
NOI
$86.1K $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%
$1,721,260
Cap Rate 7%
$1,229,471
Cap Rate 9%
$956,256
Alternative Uses
Best Use
Retail
$1.40M
$1.22M – $1.63M
NOI $97,877 @ 7.0% cap · market cap 2,449.99%
Second Best
Office B
$1.23M
$1.08M – $1.43M
NOI $86,063 @ 7.0% cap · market cap 2,154.27%
Theoretical Best
Specialty Retail
$2.03M
$1.77M – $2.36M
NOI $141,751 @ 7.0% cap · market cap 3,548.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,744
Businesses Nearby
Explore this area
Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
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 - Two private offices share the suite with showroom space and one covered parking space.
Where is this office unit located?
The property is located at 7924 NE 2nd Ave Miami, FL.
What are key features of this property?
This property features: Two private offices plus dedicated showroom space; One covered parking space included; metered street and paid garage parking also available; Private men’s and women’s restrooms within the suite
