Corner Office Unit with Natural
For Sale
$750,000
1110 Brickell Ave, Miami, FL 33131
Commercial Sale, Miami, FL
Property Size944 SF
Lot Size0.02 Acres
Price / SF$794.49
Days on Market41
Property Features for 1110 Brickell Ave
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
6407
Parking
2
Parking features
Valet
Security features
Security System
Subdivision
41
Standard status
Active
APN
01-41-39-091-1270
Lot size
0.02 Acres
Taxes and HOA fees
Tax Description
1110 BRICKELL CONDO UNIT 609A UNDIV 0.5431% INT IN COMMON ELEMENTS OFF REC 23359-1937 COC 23496-1521 06 2005 2
Tax Annual Amount
6787
HOA Fee
$1,109 Monthly
Legal Description
1110 BRICKELL CONDO UNIT 609A UNDIV 0.5431% INT IN COMMON ELEMENTS OFF REC 23359-1937 COC 23496-1521 06 2005 2
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1971
Flooring type
Carpet
Listing Agency:
Fortune Christie's Intl R.E.
(305) 856-2600
Listed By:
Michael Ramirez Garcia · License #3601415
(305) 542-9470
Added: Jul 29
Changed: Sep 2
Last Checked: Sep 7 at 6:06PM
MLS# A12062109
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.
Investment Insights
Based on property information with market context.
This 944-square-foot office unit occupies a corner position within a building constructed in 1971. The layout includes three separate rooms, a reception area, and storage capacity for files and supplies. Large windows provide natural light, while carpeted flooring completes the interior. Public water and public sewer serve the property.
The unit is located at 1110 Brickell Ave in Miami’s Brickell Business District, with access to major roads, MetroRail, and MetroMover. High-end residential condominiums and hotels are nearby, along with dining, shopping, and business destinations. The space is tenant occupied through April 30, 2028. Valet parking is available, with access to 2 parking spaces and additional spaces offered.
The unit is located at 1110 Brickell Ave in Miami’s Brickell Business District, with access to major roads, MetroRail, and MetroMover. High-end residential condominiums and hotels are nearby, along with dining, shopping, and business destinations. The space is tenant occupied through April 30, 2028. Valet parking is available, with access to 2 parking spaces and additional spaces offered.
Key Highlights
- 944 usable square feet of office space
- Corner position with large windows across 3 separate rooms
- Reception area plus dedicated room for files and supplies
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,081
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$541,620
$541.6K
Cap Rate 7%
$386,871
$386.9K
Cap Rate 9%
$300,900
$300.9K
Market Conditions
NOI Build-Up for 944 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$42.5K $45.00/SF
− Vacancy
−$6.4K −$6.75/SF
EGI
$36.1K $38.25/SF
− OpEx
−$9.0K −$9.56/SF
NOI
$27.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$541,620
Cap Rate 7%
$386,871
Cap Rate 9%
$300,900
Alternative Uses
Best Use
Office B
$386.9K
$338.5K – $451.4K
NOI $27,081 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$637.2K
$557.6K – $743.4K
NOI $44,604 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
12,688
Businesses Nearby
Explore this area
Business Placement
Demographics for 33131, FL
26,213
Population
18,872
Households
1.4
Avg Household Size
37
Median Age
77%
College-Educated
98%
High-School Grad
0.5 sq mi
ZIP Area
52,426
Density / Sq Mi
$143,114
Median Household Income
$86,331
Median Earnings
$2,847
Median Rent
$621,700
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Corner office accommodation with three rooms, a reception area, and access to parking in Miami’s Brickell Business District.
Where is this office units located?
The property is located at 1110 Brickell Ave Miami, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 944 usable square feet of office space; Corner position with large windows across 3 separate rooms; Reception area plus dedicated room for files and supplies
