Newly Painted Office
For Sale
Contact for pricing
816 NE 125th St 804, North Miami, FL 33161
Office building with new elevator and upcoming retail construction nearby.
Property Size600 SF
Lot Size0.33 Acres
Days on Market240
Property Features for 816 NE 125th St 804
General Information
Standard status
Active
Size
600 SF
Lot size
0.33 Acres
Property subtype
Commercial
Site & Location
Neighborhood
Downtown North Miami
Taxes and HOA fees
Annual Taxes
$49,037
Building Details
Building Size
600 SF
Year Built
1968
Listing Agency:
Veritas Property Advisors LLC
Listed By:
Samuel Smith · License #A11885407
(305) 310-9704
Source:
Elliman
Added: Mar 11
Changed: Oct 31
Last Checked: Nov 4 at 1:13PM
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 Veritas Property Advisors LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Gardens Corporate Center is a newly painted building featuring a brand-new elevator. The property is situated across the street from Gardens Residences, a new 358-unit apartment building. A new retail building is planned for construction on the adjacent lot in Winter of 2025. The location benefits from high foot traffic and ongoing improvements in the surrounding area.
Key Highlights
- High foot traffic location
- New elevator installed
- Newly painted building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,903
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,060
$318.1K
Cap Rate 7%
$227,186
$227.2K
Cap Rate 9%
$176,700
$176.7K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$27.4K $45.60/SF
− Vacancy
−$6.2K −$10.26/SF
EGI
$21.2K $35.34/SF
− OpEx
−$5.3K −$8.84/SF
NOI
$15.9K $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%
$318,060
Cap Rate 7%
$227,186
Cap Rate 9%
$176,700
Alternative Uses
Best Use
Office B
$227.2K
$198.8K – $265.1K
NOI $15,903 @ 7.0% cap · market cap 691.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$304.4K
$266.4K – $355.1K
NOI $21,308 @ 7.0% cap · market cap 926.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
2,165
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office building with new elevator and upcoming retail construction nearby.
Where is this office building located?
The property is located at 816 NE 125th St 804 North Miami, FL.
What are key features of this property?
This property features: High foot traffic location; New elevator installed; Newly painted building
