Corner Office Suite with
1111 Kane Concourse Bay Harbor Islands, FL 33154
For Sale
$495,000
SINGLE_FAMILY - Bay Harbor Islands, FL
Property Size864 SF
Lot Size2.30 Acres
Price / SF$572.92
Days on Market93
Property Features for 1111 Kane Concourse
General Information
Property type
Residential
Property subtype
Office
Parking
4
Standard status
Active
APN
13-22-27-083-0420
Lot size
2.30 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
CONCOURSE PLAZA CONDO UNITS 3-56 THRU 3-75 UNDIV % AS RECORDED OR 11611-781 INT IN COMMON ELEMENTS OFF REC 11611-781 OR 19968-3909 1001 1 CO
Tax Annual Amount
4800
Building Details
Year built
1982
Floors in Building
1
Flooring type
Laminate
Building materials
Aluminum Siding, Block
Roof type
Concrete
Listing Agency:
Charles Rutenberg Realty FTL
(954) 396-3001
Listed By:
Oswaldo Guerra, PA · License #3169265
(954) 274-2291
Added: Apr 29
Changed: Jun 30
Last Checked: Jul 30 at 4:06AM
MLS# A12009125
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 office suite is configured as a corner unit with a view from every office and each corner location. The space includes a kitchen or bar area, a conference room, and three private offices, providing a functional mix for meetings and focused work. The suite is reported to be in great condition and ready for use, with approximately 864 square feet fully used.
Located at 1111 Kane Concourse in Bay Harbor Islands, the unit is positioned as an end/corner arrangement within the building. Public remarks indicate free, plenty parking on site, which can support tenant and visitor access.
For buyers seeking an office setup that accommodates both administrative work and client or internal meetings, this layout offers dedicated private rooms plus a conference space. The kitchen or bar area can serve everyday break needs or support lighter hospitality during meetings. With an immediately usable configuration and on-site parking availability noted, the suite may be a practical fit for professional services that require private offices and a meeting room.
Located at 1111 Kane Concourse in Bay Harbor Islands, the unit is positioned as an end/corner arrangement within the building. Public remarks indicate free, plenty parking on site, which can support tenant and visitor access.
For buyers seeking an office setup that accommodates both administrative work and client or internal meetings, this layout offers dedicated private rooms plus a conference space. The kitchen or bar area can serve everyday break needs or support lighter hospitality during meetings. With an immediately usable configuration and on-site parking availability noted, the suite may be a practical fit for professional services that require private offices and a meeting room.
Key Highlights
- 1982‑built corner unit with view from every office and every corner
- 864 SF of full used space, including a kitchen or bar area
- Layout includes a conference room and 3 private offices
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.4k | $45.60 |
| − Vacancy | −$8.9k | −$10.26 |
| EGI | $30.5k | $35.34 |
| − OpEx | −$7.6k | −$8.84 |
| NOI | $22.9k | $26.51 |
864 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$327.1K
$286.3K – $381.7K
NOI $22,900 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$438.3K
$383.6K – $511.4K
NOI $30,684 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Corner office suite offering multiple private offices, conference space, and convenient on-site parking for day-to-day operations.
Where is this office units located?
The property is located at 1111 Kane Concourse Bay Harbor Islands, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1982‑built corner unit with view from every office and every corner; 864 SF of full used space, including a kitchen or bar area; Layout includes a conference room and 3 private offices
