Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Modern Office Buildings in Miami Title is generated by Realmo AI

    20535 NW 2nd Ave, Miami, FL 33169

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Premier office spaces available for lease in Miami Gardens.

    Type:Office
    Added:
    Mar 30, 2023
    Days on Market:
    1146
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 20535 NW 2nd Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 20535 NW 2nd Ave Contact us

    209 $20/Mo

    Size
    1,035 SF
    Type
    Office
    Contact us

    204 $20/Mo

    Size
    700 SF
    Type
    Office
    Contact us

    100 $20/Mo

    Size
    3,943 SF
    Type
    Office
    Property Featuresn• Prominent signage opportunityn• Professionally managedn•...
    show more
    Contact us

    210 $20/Mo

    Size
    1,749 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Timothy Merriman Jr
    Timothy Merriman Jr

    Listing agent Timothy Merriman Jr License #FL SL3208280

    Listing office NAI Miami Fort Lauderdale - Fort Lauderdale Office

    Listing date Mar 30, 2023

    Source Crexi

    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 NAI Miami Fort Lauderdale - Fort Lauderdale Office

    HighLights

    • Modern and spacious office buildings with multiple units available for lease.
    • Prime location on NW 2nd Avenue in Miami Gardens, Florida.
    • Exceptional business environment suitable for startups to established businesses.
    • Contemporary low‑rise structure with distinct architectural flair.
    • Well‑landscaped green space providing a serene and professional environment.
    • Ample parking available for tenants and guests.

    Overview

    Andover I and II are modern office buildings located on NW 2nd Avenue in Miami Gardens, Florida. These properties offer office spaces suitable for various businesses, from startups to established local enterprises. Andover II is a low-rise structure featuring a contemporary design with a facade that combines stucco and steel. The building is surrounded by landscaped green space, creating a professional environment. Ample parking is available for tenants and guests. The lobby and common areas are designed and maintained to a high standard. *No cosmetology uses
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    UNIFIED HINTS (Bike/Boat/Book/etc) Store Dr. Bernard S. ... Physician Meraki Therapy Crisis Center Heal 2 Fit ... Gym & Fitness Center Chameleon Party Service Take-out & Catering

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.205422
    Latitude
    25.964291

    Nearby Similar for Lease

    • $2,700/Mo
      1,088 SF

      Kendall Office Space Available

      Professional office condo in Kendall, ready for immediate occupancy.
      13406 SW 128th St, Miami, FL 33186
      View Details
    • $56 SF/Yr
      3,188 SF

      Furnished Brickell Office Sublease

      Move-in ready office space in Brickell financial district.
      1101 Brickell Ave, Miami, FL 33131
      View Details
    • $1,400/Mo
      1,000 SF

      Renovated Office Space in Miami

      Renovated office space for lease in a prime Miami location.
      825 BRICKELL BAY DR, Miami, FL 33131
      View Details
    • $2,700/Mo
      1,500 SF

      Renovated Office Space in Miami

      Lease includes utilities, amenities, and shared facilities near Brickell.
      825 BRICKELL BAY DR, Miami, FL 33131
      View Details
    • $1,600/Mo
      800 SF

      Brickell Office Space Available

      Office space in Brickell with waterfront views and amenities.
      825 Brickell Bay Dr, Miami, FL 33131
      View Details
    • $3,300/Mo
      1,650 SF

      Functional Office-Warehouse in Prime Location

      1,650 SF office-warehouse in Doral, near Miami Airport.
      2355 NW 70th Ave 11, Miami, FL 33122
      View Details
    • $1,995/Mo
      1,175 SF

      Remodeled Office Space with Balconies

      Completely remodeled office unit with two balconies available for rent.
      5455 SW 8 ST, Miami, FL 33134
      View Details
    • $1,395/Mo
      567 SF

      Move-in Ready Miami Office Space

      Remodeled office space with excellent frontage and ample parking.
      5455 SW 8 ST, Miami, FL 33134
      View Details
    • $3,300/Mo
      1,650 SF

      Miami Flex Space For Rent

      Office-warehouse combination near major expressways and Miami International Airport.
      2355 NW 70th Ave, Miami, FL 33122
      View Details
    • $14,500/Mo
      6,500 SF

      Little Havana Retail/Office Opportunity

      Two-story, 6,500 SF building in high-traffic Little Havana.
      1730 W Flagler St, Miami, FL 33135
      View Details
    • $26 SF/Yr
      1,097 SF

      Miami Industrial/Flex Unit Sublease

      Well-located industrial/flex unit for sublease in Miami.
      3108 NW 72nd Ave, Miami, FL 33122
      View Details
    • $7,000/Mo
      700 SF

      Coral Gables Office Space Available

      Office spaces for lease in Coral Gables, multiple business purposes.
      4751 W Flagler St, Miami, FL 33134
      View Details

    FAQs

    What type of property is this?
    Office building - Premier office spaces available for lease in Miami Gardens.
    Where is this office building located?
    The property is located at 20535 NW 2nd Ave Miami, FL.
    What are key features of this property?
    This property features: Modern and spacious office buildings with multiple units available for lease.; Prime location on NW 2nd Avenue in Miami Gardens, Florida.; Exceptional business environment suitable for startups to established businesses.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Timothy Merriman Jr
    Timothy Merriman Jr
    Real Estate License ID: FL SL3208280
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    20535 NW 2nd Ave, Miami, FL 33169
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!