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
Price / SF$3.83
Days on Market393
Property Features for 816 NE 125th St # 804
General Information
Standard status
Active
Size
600 SF
Property subtype
Retail
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 #3567691
(305) 310-9704
Source:
Casacollectiongroup
Added: Sep 26, 2025
Changed: Oct 14
Last Checked: Oct 21 at 5:14AM
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
Ask AI about this property
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 recently installed elevator. The property is located across the street from Gardens Residences, a 358-unit apartment building. A new retail building is planned for construction on the adjacent lot, with an expected completion in Winter of 2025. The area experiences high foot traffic and is undergoing improvements.
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?
See the owner, sales and loan history
Open Analytics
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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.
