Furnished Executive Office
For Sale
Contact for pricing
1001 Brickell Bay Dr # 2112, Miami, FL 33131
The layout combines reception, private workrooms, shared desk space, a conference room, and a kitchenette.
Property Size297,145 SF
Price / SF$0.00
Days on Market264
Property Features for 1001 Brickell Bay Dr # 2112
General Information
Standard status
Active
Size
297,145 SF
Property subtype
Office
Space & Availability
Floor
2112
Furnished
Yes
Site & Location
Neighborhood
Brickell Business District
Additional Details
Property Use
Office
Building Details
Building Size
297,145 SF
Year Built
1985
Listing Agency:
Compass Florida, LLC
Listed By:
Michael P. Schnabel · License #3156040
(305) 450-0036
Source:
Cofresi
Added: Feb 5
Changed: Oct 26
Last Checked: Oct 26 at 3:51PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This furnished office suite has a reception area, 10 private offices, and an open section with 2 desks. A corner conference room seats 6, and a kitchenette and carpeted floors complete the interior. City and bay views are also noted.
The available sublease runs through September 30, 2027.
The available sublease runs through September 30, 2027.
Key Highlights
- 10 furnished private offices plus an open area with 2 desks
- Corner conference room with seating for 6
- Reception area and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,524,347
Suggested Prices Based on Cap Rates
Cap Rate 5%
$170,486,940
$170.5M
Cap Rate 7%
$121,776,386
$121.8M
Cap Rate 9%
$94,714,967
$94.7M
Market Conditions
NOI Build-Up for 297,145 SF
Gross rent
$13.37M $45.00/SF
− Vacancy
−$2.01M −$6.75/SF
EGI
$11.37M $38.25/SF
− OpEx
−$2.84M −$9.56/SF
NOI
$8.52M $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%
$170,486,940
Cap Rate 7%
$121,776,386
Cap Rate 9%
$94,714,967
Alternative Uses
Best Use
Office B
$121.78M
$106.55M – $142.07M
NOI $8,524,347 @ 7.0% cap · market cap 14,448,045.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$200.57M
$175.50M – $234.00M
NOI $14,040,235 @ 7.0% cap · market cap 23,797,008.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
12,688
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
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - The layout combines reception, private workrooms, shared desk space, a conference room, and a kitchenette.
Where is this office unit located?
The property is located at 1001 Brickell Bay Dr # 2112 Miami, FL.
What are key features of this property?
This property features: 10 furnished private offices plus an open area with 2 desks; Corner conference room with seating for 6; Reception area and kitchenette
