Class A Office
For Sale
$1,399,000
801-2920 Ne 207th St, Aventura, FL 33169
Move-in-ready space features a flexible layout that can be customized for business operations.
Property Size1,481 SF
Price / SF$944.63
Days on Market49
Property Features for 801-2920 Ne 207th St
General Information
Standard status
Active
Size
1,481 SF
Class
Class A
Taxes and HOA fees
Annual Taxes
$10,202
Listing Agency:
Brosda & Bentley Realtors, LLC
(786) 363-8551
Listed By:
Ekaterina D Brosda · License #A12065990
(305) 788-9393
Source:
Exprealty
Added: Jul 20
Changed: Sep 5
Last Checked: Sep 6 at 3:22PM
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 Brosda & Bentley Realtors, LLC
Investment Insights
Based on property information with market context.
This 1,481 sq ft office unit is located in a brand-new Class A building and is ready for occupancy. Its flexible interior arrangement supports customization around the user’s operational needs, while the property’s modern amenities add to the workplace setting.
The office is at 801-2920 NE 207th St in Aventura, with dining and fitness destinations nearby. Casa D’Angelo, Ruth’s Chris Steakhouse, Pura Vida, Mister 01, Bar Taco, and Berry’s Boot Camp are all identified in the surrounding area.
The office is at 801-2920 NE 207th St in Aventura, with dining and fitness destinations nearby. Casa D’Angelo, Ruth’s Chris Steakhouse, Pura Vida, Mister 01, Bar Taco, and Berry’s Boot Camp are all identified in the surrounding area.
Key Highlights
- 1,481 sq ft office unit
- Brand‑new Class A building
- Move‑in‑ready office space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,254
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$785,080
$785.1K
Cap Rate 7%
$560,771
$560.8K
Cap Rate 9%
$436,156
$436.2K
Market Conditions
NOI Build-Up for 1,481 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$67.5K $45.60/SF
− Vacancy
−$15.2K −$10.26/SF
EGI
$52.3K $35.34/SF
− OpEx
−$13.1K −$8.84/SF
NOI
$39.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$785,080
Cap Rate 7%
$560,771
Cap Rate 9%
$436,156
Alternative Uses
Best Use
Office B
$560.8K
$490.7K – $654.2K
NOI $39,254 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$751.4K
$657.5K – $876.6K
NOI $52,596 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
847
Businesses Nearby
Explore this area
Business Placement
Demographics for 33169, FL
42,308
Population
14,815
Households
2.9
Avg Household Size
37
Median Age
22%
College-Educated
85%
High-School Grad
6.8 sq mi
ZIP Area
6,222
Density / Sq Mi
$59,686
Median Household Income
$34,327
Median Earnings
$1,536
Median Rent
$352,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in-ready space features a flexible layout that can be customized for business operations.
Where is this office units located?
The property is located at 801-2920 Ne 207th St Aventura, FL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 1,481 sq ft office unit; Brand‑new Class A building; Move‑in‑ready office space
