Freestanding Office
For Sale
Contact for pricing
8930 SW 40th St, Miami, FL 33165
Recent interior work includes new flooring, fresh paint, two air-conditioning units, and an ADA-compliant ramp.
Property Size1,925 SF
Price / SF$3.38
Days on Market321
Property Features for 8930 SW 40th St
General Information
Standard status
Active
Size
1,925 SF
Property subtype
Office
Additional Details
Condition
Newly Renovated
Road Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$14,429
Building Details
Building Size
1,925 SF
Year Built
1946
Buildings
1
Listing Agency:
Lifestyle International Realty
Listed By:
Janet Gonzalez · License #3569428
Source:
Propertysmartre
Added: Dec 15, 2025
Changed: Oct 31
Last Checked: Oct 31 at 3:36AM
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 Lifestyle International Realty
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Investment Insights
Based on property information with market context.
This freestanding office property contains 1,925 square feet and was built in 1946. Recent improvements include new flooring, fresh paint, and two new air-conditioning units. An ADA-compliant ramp provides accessible entry, and the building is described as ready for occupancy.
The property is on Bird Road, also known as SW 40th Street, in Miami. Its configuration and interior updates support office use, with the source also identifying retail, medical, and service-oriented uses as possibilities.
The property is on Bird Road, also known as SW 40th Street, in Miami. Its configuration and interior updates support office use, with the source also identifying retail, medical, and service-oriented uses as possibilities.
Key Highlights
- 1,925‑square‑foot freestanding office building
- Built in 1946
- Two new A/C units, new flooring, and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,223
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,460
$1.1M
Cap Rate 7%
$788,900
$788.9K
Cap Rate 9%
$613,589
$613.6K
Market Conditions
NOI Build-Up for 1,925 SF
Gross rent
$86.6K $45.00/SF
− Vacancy
−$13.0K −$6.75/SF
EGI
$73.6K $38.25/SF
− OpEx
−$18.4K −$9.56/SF
NOI
$55.2K $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%
$1,104,460
Cap Rate 7%
$788,900
Cap Rate 9%
$613,589
Alternative Uses
Best Use
Retail
$897.2K
$785.1K – $1.05M
NOI $62,804 @ 7.0% cap · market cap 966.22%
Second Best
Office B
$788.9K
$690.3K – $920.4K
NOI $55,223 @ 7.0% cap · market cap 849.58%
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $90,957 @ 7.0% cap · market cap 1,399.34%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,306
Businesses Nearby
Explore this area
Business Placement
Demographics for 33165, FL
54,070
Population
17,813
Households
3
Avg Household Size
47
Median Age
28%
College-Educated
82%
High-School Grad
7.5 sq mi
ZIP Area
7,209
Density / Sq Mi
$84,086
Median Household Income
$41,657
Median Earnings
$1,796
Median Rent
$476,100
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 Miami, FL
Frequently Asked Questions
What type of property is this?
Office building - Recent interior work includes new flooring, fresh paint, two air-conditioning units, and an ADA-compliant ramp.
Where is this office building located?
The property is located at 8930 SW 40th St Miami, FL.
What are key features of this property?
This property features: 1,925‑square‑foot freestanding office building; Built in 1946; Two new A/C units, new flooring, and fresh paint
