Waterfront Office Unit with
New
For Sale
$6,250,000
Miami, FL 33137, Miami, FL 33137
Commercial Sale, Miami, FL
Property Size5,481 SF
Lot Size0.19 Acres
Price / SF$1,140
Days on Market3
Property Features
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
15
Parking features
Valet
Security features
Security System
Subdivision
32
Standard status
Active
Lot size
0.19 Acres
Additional Details
Property Use
Office, Medical Spa, Showroom, High-End Retail
Taxes and HOA fees
Tax Annual Amount
37572
Utilities
Cooling system
Central Air
Water front features
Ocean Access
Water front
1
Amenities
Biscayne Bay views
private entrance
terrace
Listing Agency:
Rise Realty
(305) 859-1606
Listed By:
Keith Darby · License #3085829
(305) 720-7925
Added: Nov 2
Last Checked: Nov 4 at 8:06AM
MLS# A12116847
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This waterfront office property includes 5,481 square feet of interior space and a 2,640-square-foot terrace, for 8,121 square feet in total. The space has 18-foot ceilings, a private entrance, and central air conditioning.
Biscayne Bay views and ocean access are part of the waterfront setting. Valet parking includes 15 dedicated spaces.
Biscayne Bay views and ocean access are part of the waterfront setting. Valet parking includes 15 dedicated spaces.
Key Highlights
- 8,121 SF total: 5,481 SF interior and a 2,640 SF terrace
- 18' ceilings
- 15 dedicated valet spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$178,821
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,576,420
$3.6M
Cap Rate 7%
$2,554,586
$2.6M
Cap Rate 9%
$1,986,900
$2.0M
Market Conditions
NOI Build-Up for 5,481 SF
Gross rent
$284.8K $51.96/SF
− Vacancy
−$29.3K −$5.35/SF
EGI
$255.5K $46.61/SF
− OpEx
−$76.6K −$13.98/SF
NOI
$178.8K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,576,420
Cap Rate 7%
$2,554,586
Cap Rate 9%
$1,986,900
Alternative Uses
Best Use
Retail
$2.55M
$2.24M – $2.98M
NOI $178,821 @ 7.0% cap · market cap 2.86%
Second Best
Office B
$2.25M
$1.97M – $2.62M
NOI $157,236 @ 7.0% cap · market cap 2.52%
Theoretical Best
Specialty Retail
$3.70M
$3.24M – $4.32M
NOI $258,980 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,023
Businesses Nearby
Explore this area
Business Placement
Demographics for 33137, FL
25,763
Population
15,237
Households
1.7
Avg Household Size
37
Median Age
51%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
12,882
Density / Sq Mi
$82,798
Median Household Income
$53,519
Median Earnings
$2,338
Median Rent
$532,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - A private entrance and central air serve an office property with outdoor terrace space and Biscayne Bay views.
Where is this office unit located?
The property is located at Miami, FL.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: 8,121 SF total: 5,481 SF interior and a 2,640 SF terrace; 18' ceilings; 15 dedicated valet spaces
