Glass-Partitioned Office
1000 Brickell Ave 9A, Miami, FL 33131
For Sale
$795,000
Four enclosed offices, a conference room, and reception space provide a defined workplace layout.
Property Size147,516 SF
Price / SF$607.33
Days on Market50
Property Features for 1000 Brickell Ave 9A
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
HOA Fee
Taxes and HOA fees
Annual Taxes
Amenities
floor-to-ceiling glass partitions
four private offices
conference room
reception area
Building Details
Building Size
Year Built
Stories
Listing Agency:
GP Real Estate Advisors
Listed By:
Mario Ruiz · License FL #3544584
(305) 877-7304
Source:
Elliman
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 12 at 7:46AM
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 GP Real Estate Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,309-square-foot office suite is arranged with four private offices, a conference room, and a reception area. Glass partitions separate the enclosed workspaces, and the property includes 3 assigned parking spaces.
The office is at 1000 Brickell Avenue in Miami, at the corner of Brickell Avenue and 10th Street. The building was completed in 1968.
The office is at 1000 Brickell Avenue in Miami, at the corner of Brickell Avenue and 10th Street. The building was completed in 1968.
Key Highlights
- 1,309 SF office suite
- Four private offices, a conference room, and a reception area
- Glass partitions divide the office layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,552
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,040
$751.0K
Cap Rate 7%
$536,457
$536.5K
Cap Rate 9%
$417,244
$417.2K
Market Conditions
NOI Build-Up for 1,309 SF
Gross rent
$58.9K $45.00/SF
− Vacancy
−$8.8K −$6.75/SF
EGI
$50.1K $38.25/SF
− OpEx
−$12.5K −$9.56/SF
NOI
$37.6K $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 Rate 5%
$751,040
Cap Rate 7%
$536,457
Cap Rate 9%
$417,244
Alternative Uses
Best Use
Office B
$536.5K
$469.4K – $625.9K
NOI $37,552 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$883.6K
$773.1K – $1.03M
NOI $61,851 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
15,616
Businesses Nearby
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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
$621,700
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Miami, FL
Properties on Market for Office Units in Miami
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Four enclosed offices, a conference room, and reception space provide a defined workplace layout.
Where is this office unit located?
The property is located at 1000 Brickell Ave 9A Miami, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 1,309 SF office suite; Four private offices, a conference room, and a reception area; Glass partitions divide the office layout
