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    Office Condo Suite with Private Offices Title is generated by Realmo AI

    909 N Miami Beach Blvd 201, North Miami Beach, FL 33162

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    New
    For Sale
    $749,000

    Well-appointed office condo with multiple private offices, bullpen workstations, and reception for professional or medical use.

    Type:Commercial
    Property size:
    3,278 SF
    Price / SF:
    $228/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 5:49 am

    Property Features for 909 N Miami Beach Blvd 201

    General Information

    Standard status
    Active
    Size
    3,278 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Paul Silverstein
    Paul Silverstein

    Listing agent Paul Silverstein License #0354892

    Listing office RE/MAX Advance Realty

    Listing date Jun 4, 2026

    Source Elliman

    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 RE/MAX Advance Realty

    HighLights

    • 3,278 SF office condominium suite (Suite 201) at 909 N Miami Beach Blvd, positioned directly across from the elevator.
    • Law‑firm layout with seven large private offices plus a spacious bullpen with six large workstations.
    • Reception area, custom built‑in bookcases, ample storage, and breakroom area.
    • Includes two restrooms (his‑and‑her bathrooms).
    • On‑site parking and direct access on NE 167th Street, minutes from SR‑826 and the Florida Turnpike.
    • BikeScore 80 (Very Bikeable); walkScore 63; transitScore 47.

    Overview

    This 3,278 SF office condominium suite is located at 909 N Miami Beach Blvd, Suite 201, and is positioned directly across from the elevator for convenient access and visibility. The current configuration includes seven large private offices plus a spacious bullpen with six large workstations, supported by built-in bookcases. Additional improvements include a reception area, separate men’s and women’s bathrooms, a breakroom area, and ample storage throughout.

    The suite is situated directly on NE 167th Street and includes generous onsite parking for visitors and staff. The location provides access within minutes of SR-826 and the Florida Turnpike, with approximately 10 minutes to the beaches, supporting a broad range of professional tenant needs in a North Miami Beach corridor.

    The layout is well-suited for medical, legal, insurance, accounting, or executive office use, with dedicated private offices for client-facing roles and an open bullpen for team-based work. The reception and restrooms support a polished day-to-day experience, while the breakroom and storage help accommodate ongoing operations.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.180641
    Latitude
    25.927852

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    FAQs

    What type of property is this?
    Office units - Well-appointed office condo with multiple private offices, bullpen workstations, and reception for professional or medical use.
    Where is this office units located?
    The property is located at 909 N Miami Beach Blvd 201 North Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: 3,278 SF office condominium suite (Suite 201) at 909 N Miami Beach Blvd, positioned directly across from the elevator.; Law‑firm layout with seven large private offices plus a spacious bullpen with six large workstations.; Reception area, custom built‑in bookcases, ample storage, and breakroom area.
    (305) 794-9773
    We can help!
    Listing Contact
    Paul Silverstein
    Paul Silverstein
    Real Estate License ID: 0354892
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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