Parkwood Office Plaza — Sale in Miami, FL

Price: Contact for price
Listing type: For sale
Asset type: Office
Location: Miami, FL 33165
Year built: 1990

Photos

Parkwood Office Plaza — Sale in Miami, FL, photo 1 of 2

Parkwood Office Plaza — Sale in Miami, FL, photo 2 of 2

Investment Figures

Cap rate: 6.34%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is proud to present Parkwood Office Plaza, a premier office building located at 10250 Southwest 56th Street, Miami, FL. This property offers 28,581 SF of office space, with 21 suites available for lease, catering to a range of tenants. The building is well-suited for small businesses or large corporate tenants, with flexible spaces designed for a modern working environment. Strategically located in a desirable area of Miami, the property benefits from excellent accessibility and visibility. It is situated near key amenities such as Broward Mall and Westside Regional Medical Center, making it an attractive location for businesses. The building is also conveniently located with access to major transportation routes, enhancing its appeal to tenants and ensuring easy connectivity to the greater Miami area. With an occupancy rate of 94.32% and a stable income stream, Parkwood Office Plaza is a solid investment opportunity. The property’s projected Cap Rate of 5.57%, with potential increases, ensures a strong return on investment. Its current and pro forma financials indicate steady cash flow and long-term profitability, making it a prime asset for investors seeking consistent income and growth in a growing market. Investment Highlights: • Parkwood Office Plaza is strategically located in Miami, offering excellent visibility and access to major transportation routes and key regional amenities. • With an occupancy rate of 94.32%, the property benefits from a diverse tenant mix, ensuring stable cash flow. • The property offers 21 suites with varying sizes, catering to both small businesses and larger corporate tenants. • The property provides a current Cap Rate of 5.57%, with potential for an increase to 6.14%, offering solid returns for investors. • Built in 1990 and consistently well-maintained, Parkwood Office Plaza is in strong condition, minimizing immediate capital expenditure. • The property is located near prominent business centers, enhancing it

Market Context

This office in Miami, FL is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1990. Compare it against other office listings for sale in Miami, FL — view the full market.

As of Q1 2026, the Miami office market showed a 15.1% vacancy rate, and average asking rents near $66.16/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Miami office market tightening or softening?: Vacancy is around 15.1% (Q1 2026).

Estimated Price per SF

$290.32/SF – $2,111/SF

Mid: $879.77/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.