Office Unit with Shell
For Sale
Contact for pricing
8950 SW 74th Ct Unit 2001, Miami, FL 33156
An unfinished commercial suite allows the owner to create a customized office layout.
Property Size1,250 SF
Price / SF$5.60
Days on Market90
Property Features for 8950 SW 74th Ct Unit 2001
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Office
Additional Details
Furnished
No
Amenities
24/7 reception desk
Square Feet: 1951
Parcel Number: 30-50-02-098-0120, Tax Legal Description: TOWN CENTER ONE CONDO UNIT 2001 UNDIV 1/172 % INT IN COMMON ELEMENTS OFF REC 26848-3043
Business Type: Medical Office, Special Listing Conditions: Lease, Standard Status: Active
Year Built: 2009, Building Area Total: 1951
County Or Parish: Miami-Dade County, Unit Number: 2001
Leasable Area Units: Square Feet, Leasable Area: 1951
Building Details
Year Built
2009
Listing Agency:
Compass Florida, LLC
(305) 697-2904
Listed By:
Joshua Kaufman · License #3291155
(305) 989-6686
Source:
Riserealty
Added: Jul 21
Changed: Oct 16
Last Checked: Oct 16 at 9:05AM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This 1,250-square-foot office unit is offered in an empty-shell condition, providing a blank interior for a tailored workplace design. The property is located within Town Center One, a corporate office building with contemporary finishes in the lobby and hallways.
Building services include a 24/7 reception desk, valet service, and garage parking for visitors. The property is positioned across from Dadeland mall in Miami, providing a recognizable commercial setting for an office owner.
Building services include a 24/7 reception desk, valet service, and garage parking for visitors. The property is positioned across from Dadeland mall in Miami, providing a recognizable commercial setting for an office owner.
Key Highlights
- 1,250‑square‑foot office unit
- Empty‑shell delivery supports a customized interior buildout
- 24/7 reception desk in the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,859
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,180
$717.2K
Cap Rate 7%
$512,271
$512.3K
Cap Rate 9%
$398,433
$398.4K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$56.3K $45.00/SF
− Vacancy
−$8.4K −$6.75/SF
EGI
$47.8K $38.25/SF
− OpEx
−$12.0K −$9.56/SF
NOI
$35.9K $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%
$717,180
Cap Rate 7%
$512,271
Cap Rate 9%
$398,433
Alternative Uses
Best Use
Office B
$512.3K
$448.2K – $597.7K
NOI $35,859 @ 7.0% cap · market cap 512.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$843.8K
$738.3K – $984.4K
NOI $59,063 @ 7.0% cap · market cap 843.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,257
Businesses Nearby
Explore this area
Business Placement
Demographics for 33156, FL
34,036
Population
13,215
Households
2.6
Avg Household Size
42
Median Age
66%
College-Educated
97%
High-School Grad
13.9 sq mi
ZIP Area
2,449
Density / Sq Mi
$134,720
Median Household Income
$66,117
Median Earnings
$1,936
Median Rent
$1,063,100
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 units - An unfinished commercial suite allows the owner to create a customized office layout.
Where is this office units located?
The property is located at 8950 SW 74th Ct Unit 2001 Miami, FL.
What are key features of this property?
This property features: 1,250‑square‑foot office unit; Empty‑shell delivery supports a customized interior buildout; 24/7 reception desk in the building
