Furnished Office
For Sale
Contact for pricing
888 Biscayne Boulevard Unit CU8B, Miami, FL 33132
Designer finishes, private meeting areas, kitchen, restrooms, and storage support a ready-to-use business setting.
Property Size2,900 SF
Price / SF$6.04
Days on Market88
Property Features for 888 Biscayne Boulevard Unit CU8B
General Information
Standard status
Active
Size
2,900 SF
Total Parking Spaces
2
Property subtype
Commercial
Lease Term
[]
Space & Availability
Floor
2
Furnished
Yes
Amenities
collaborative lounge
designer bar area
full kitchen
private restrooms
dedicated storage
floor-to-ceiling windows
polished concrete floors
premium finishes
Building Details
Year Built
2008
Listing Agency:
One Sotheby's International Realty
Listed By:
Guilherme Arashiro · License #3243409
(305) 300-3873
Source:
Onesothebysrealty
Added: Jul 20
Changed: Oct 14
Last Checked: Oct 14 at 11:54PM
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 One Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 2,900-square-foot office unit at 888 Biscayne Boulevard is delivered furnished with a reception area, executive office for two, private lounge, informal meeting area, conference room, and open workspace for six team members. Additional improvements include a collaborative lounge, bar area, full kitchen, private restrooms, and dedicated storage. Floor-to-ceiling windows, polished concrete floors, and custom finishes complete the interior presentation.
The property was built in 2008 and is positioned across from the Kaseya Center, with Miami Worldcenter nearby. The sublease runs through April 9, 2028, and includes two assigned parking spaces along with valet service. The configuration supports a professional office environment with both private and collaborative areas.
The property was built in 2008 and is positioned across from the Kaseya Center, with Miami Worldcenter nearby. The sublease runs through April 9, 2028, and includes two assigned parking spaces along with valet service. The configuration supports a professional office environment with both private and collaborative areas.
Key Highlights
- 2,900 SF of furnished office space with designer finishes
- Sublease available through April 9, 2028
- Executive office, conference room, open workspace for six, and collaborative lounge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,194
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,663,880
$1.7M
Cap Rate 7%
$1,188,486
$1.2M
Cap Rate 9%
$924,378
$924.4K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$130.5K $45.00/SF
− Vacancy
−$19.6K −$6.75/SF
EGI
$110.9K $38.25/SF
− OpEx
−$27.7K −$9.56/SF
NOI
$83.2K $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%
$1,663,880
Cap Rate 7%
$1,188,486
Cap Rate 9%
$924,378
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,194 @ 7.0% cap · market cap 475.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.96M
$1.71M – $2.28M
NOI $137,026 @ 7.0% cap · market cap 782.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
17,616
Businesses Nearby
Explore this area
Business Placement
Demographics for 33132, FL
18,159
Population
12,725
Households
1.4
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
12,106
Density / Sq Mi
$109,505
Median Household Income
$71,509
Median Earnings
$2,534
Median Rent
$545,100
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office units - Designer finishes, private meeting areas, kitchen, restrooms, and storage support a ready-to-use business setting.
Where is this office units located?
The property is located at 888 Biscayne Boulevard Unit CU8B Miami, FL.
What are key features of this property?
This property features: 2,900 SF of furnished office space with designer finishes; Sublease available through April 9, 2028; Executive office, conference room, open workspace for six, and collaborative lounge
