Office Building with New
For Sale
Contact for pricing
810 NE 125th St, North Miami, FL 33161
A recent repaint and elevator installation update the building’s common facilities.
Property Size8,341 SF
Price / SF$0.48
Days on Market225
Property Features for 810 NE 125th St
General Information
Standard status
Active
Size
8,341 SF
Elevators
Yes
Property subtype
Office
Site & Location
Neighborhood
Downtown North Miami
Building Details
Building Size
8,341 SF
Year Built
1956
Listing Agency:
Veritas Property Advisors LLC
Listed By:
Samuel Smith · License #3567691
(305) 310-9704
Source:
Diannalantiguarealty
Added: Mar 17
Changed: Oct 26
Last Checked: Oct 26 at 3:26PM
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 Veritas Property Advisors LLC
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Investment Insights
Based on property information with market context.
The 8,341-square-foot office building at 810 NE 125th St in North Miami was built in 1956. Recent work includes a fresh coat of paint and installation of a new elevator.
A 358-unit apartment building stands across the street. Construction of five retail buildings is planned for the neighboring lot in Winter 2025.
A 358-unit apartment building stands across the street. Construction of five retail buildings is planned for the neighboring lot in Winter 2025.
Key Highlights
- 8,341‑square‑foot office building
- Built in 1956
- New elevator installed and building repainted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$221,078
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,421,560
$4.4M
Cap Rate 7%
$3,158,257
$3.2M
Cap Rate 9%
$2,456,422
$2.5M
Market Conditions
NOI Build-Up for 8,341 SF
Gross rent
$380.3K $45.60/SF
− Vacancy
−$85.6K −$10.26/SF
EGI
$294.8K $35.34/SF
− OpEx
−$73.7K −$8.84/SF
NOI
$221.1K $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%
$4,421,560
Cap Rate 7%
$3,158,257
Cap Rate 9%
$2,456,422
Alternative Uses
Best Use
Office B
$3.16M
$2.76M – $3.68M
NOI $221,078 @ 7.0% cap · market cap 5,526.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.23M
$3.70M – $4.94M
NOI $296,222 @ 7.0% cap · market cap 7,405.55%
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
2,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
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 South region
Frequently Asked Questions
What type of property is this?
Office building - A recent repaint and elevator installation update the building’s common facilities.
Where is this office building located?
The property is located at 810 NE 125th St North Miami, FL.
What are key features of this property?
This property features: 8,341‑square‑foot office building; Built in 1956; New elevator installed and building repainted
