Office Suite with Private
New
For Sale
Contact for pricing
1100p-14 Ne 1st Ave, Miami, FL 33132
A renovated workspace offers reception, enclosed offices, and an open work area in a Downtown Miami office building.
Property Size2,114 SF
Price / SF$0.02
Days on Market4
Property Features for 1100p-14 Ne 1st Ave
General Information
Standard status
Active
Size
2,114 SF
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$11,500
Listing Agency:
Compass Florida, LLC
(305) 851-2820
Listed By:
Gabriela DeMelo · License #3271766
(305) 432-7816
Source:
Exprealty
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:10AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,114-square-foot office unit has a reception area, five private offices, and open office space. The remodeled suite is located in the One Office Building, designed by Miami architect Morris Lapidus. The building holds Silver LEED Certification and is listed on the National Register of Historic Places.
At Flagler Street and NE 1st Avenue in Downtown Miami, the property is surrounded by business, retail, and entertainment. The building also offers access to Miami International Airport and PortMiami.
At Flagler Street and NE 1st Avenue in Downtown Miami, the property is surrounded by business, retail, and entertainment. The building also offers access to Miami International Airport and PortMiami.
Key Highlights
- 2,114‑square‑foot office suite with reception, five private offices, and open office space
- Remodeled office interior
- In the One Office Building, designed by Morris Lapidus
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,645
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,900
$1.2M
Cap Rate 7%
$866,357
$866.4K
Cap Rate 9%
$673,833
$673.8K
Market Conditions
NOI Build-Up for 2,114 SF
Gross rent
$95.1K $45.00/SF
− Vacancy
−$14.3K −$6.75/SF
EGI
$80.9K $38.25/SF
− OpEx
−$20.2K −$9.56/SF
NOI
$60.6K $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%
$1,212,900
Cap Rate 7%
$866,357
Cap Rate 9%
$673,833
Alternative Uses
Best Use
Office B
$866.4K
$758.1K – $1.01M
NOI $60,645 @ 7.0% cap · market cap 159,592.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.66M
NOI $99,887 @ 7.0% cap · market cap 262,860.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
5,193
Businesses Nearby
Explore this area
Business Placement
Demographics for 33132, FL
18,159
Population
12,725
Households
1.4
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
12,106
Density / Sq Mi
$109,505
Median Household Income
$71,509
Median Earnings
$2,534
Median Rent
$545,100
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - A renovated workspace offers reception, enclosed offices, and an open work area in a Downtown Miami office building.
Where is this office unit located?
The property is located at 1100p-14 Ne 1st Ave Miami, FL.
What are key features of this property?
This property features: 2,114‑square‑foot office suite with reception, five private offices, and open office space; Remodeled office interior; In the One Office Building, designed by Morris Lapidus
