Office Suite with Private
For Sale
Contact for pricing
8700 W Flagler St, Miami, FL 33174
A built-out professional workspace pairs private offices with a shared lounge and full kitchen.
Property Size126,000 SF
Price / SF$0.06
Days on Market135
Property Features for 8700 W Flagler St
General Information
Standard status
Active
Size
126,000 SF
Net Rentable
2,850 SF
Property subtype
Office
Additional Details
Condition
Move-in Ready
Highway Access
Yes
Property Use
Office
Amenities
upgraded restrooms
Building Details
Building Size
126,000 SF
Year Built
1980
Tenancy
Single
Listing Agency:
Synergy Realty Advisors
Listed By:
Christopher Pastora · License #3644629
(786) 536-7664
Source:
Propertysmartre
Added: Jun 22
Changed: Oct 31
Last Checked: Nov 3 at 8:37AM
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 Synergy Realty Advisors
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Investment Insights
Based on property information with market context.
This 2,850 RSF office suite has four private offices, a lounge area, and a full kitchen. The layout is built out for office use, with shared restrooms on the floor, including two men’s and two women’s facilities.
The property at 8700 W Flagler St in Miami offers access to the Palmetto Expressway (SR-826) and Dolphin Expressway (SR-836).
The property at 8700 W Flagler St in Miami offers access to the Palmetto Expressway (SR-826) and Dolphin Expressway (SR-836).
Key Highlights
- 2,850 RSF office suite
- Four private offices and a lounge area
- Full kitchen within the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,614,625
Suggested Prices Based on Cap Rates
Cap Rate 5%
$72,292,500
$72.3M
Cap Rate 7%
$51,637,500
$51.6M
Cap Rate 9%
$40,162,500
$40.2M
Market Conditions
NOI Build-Up for 126,000 SF
Gross rent
$5.67M $45.00/SF
− Vacancy
−$850.5K −$6.75/SF
EGI
$4.82M $38.25/SF
− OpEx
−$1.20M −$9.56/SF
NOI
$3.61M $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%
$72,292,500
Cap Rate 7%
$51,637,500
Cap Rate 9%
$40,162,500
Alternative Uses
Best Use
Office B
$51.64M
$45.18M – $60.24M
NOI $3,614,625 @ 7.0% cap · market cap 45,754.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$85.05M
$74.42M – $99.23M
NOI $5,953,557 @ 7.0% cap · market cap 75,361.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,709
Businesses Nearby
Explore this area
Business Placement
Demographics for 33174, FL
32,962
Population
11,474
Households
2.9
Avg Household Size
42
Median Age
29%
College-Educated
75%
High-School Grad
3.1 sq mi
ZIP Area
10,633
Density / Sq Mi
$59,599
Median Household Income
$30,210
Median Earnings
$1,786
Median Rent
$379,000
Median Home Value
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - A built-out professional workspace pairs private offices with a shared lounge and full kitchen.
Where is this office unit located?
The property is located at 8700 W Flagler St Miami, FL.
What are key features of this property?
This property features: 2,850 RSF office suite; Four private offices and a lounge area; Full kitchen within the suite
