Turn-Key Class A Office
For Sale
Contact for pricing
1110 Brickell Ave, Miami, FL 33131
Class A office condo offering executive and junior private offices plus conference and open workstation areas.
Property Size2,501 SF
Price / SF$579.77
Days on Market22
Property Features for 1110 Brickell Ave
General Information
Standard status
Active
Size
2,501 SF
Class
Class A
Amenities
conference rooms
reception area and lobby
private restroom
kitchenette
Listing Agency:
RE/MAX Advance Realty
(305) 602-0360
Listed By:
Billy Planes · License #3085463
(305) 602-0360
Source:
Moodyscre
Added: Jul 23
Changed: Aug 11
Last Checked: Aug 12 at 5:48AM
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 RE/MAX Advance Realty
Investment Insights
Based on property information with market context.
This Class A office condo totals 2,501 SF and is described as turn-key and ready for immediate occupancy. The space includes executive and junior private offices, conference rooms, and open workstation areas. A reception area and lobby are in place, along with an interior private restroom and a kitchenette for staff convenience. Interior finishes are highlighted with marble flooring and custom paneling.
The property is located at 1110 Brickell Ave in Miami, FL 33131, and is presented as a prestigious Brickell Avenue address.
The layout supports a professional office setting with both private office rooms and shared/open work areas, complemented by dedicated conference space and a staffed reception/lobby entry experience.
The property is located at 1110 Brickell Ave in Miami, FL 33131, and is presented as a prestigious Brickell Avenue address.
The layout supports a professional office setting with both private office rooms and shared/open work areas, complemented by dedicated conference space and a staffed reception/lobby entry experience.
Key Highlights
- 2,501 SF Class A office condo in a Brickell Avenue address
- Executive and junior private offices with conference rooms and open workstation areas
- Reception area and lobby plus interior private restroom
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
$71,747
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
4.95%
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%
$1,434,940
$1.4M
Cap Rate 7%
$1,024,957
$1.0M
Cap Rate 9%
$797,189
$797.2K
Market Conditions
NOI Build-Up for 2,501 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
$112.5K $45.00/SF
− Vacancy
−$16.9K −$6.75/SF
EGI
$95.7K $38.25/SF
− OpEx
−$23.9K −$9.56/SF
NOI
$71.7K $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%
$1,434,940
Cap Rate 7%
$1,024,957
Cap Rate 9%
$797,189
Alternative Uses
Best Use
Office B
$1.02M
$896.8K – $1.20M
NOI $71,747 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.69M
$1.48M – $1.97M
NOI $118,173 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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 - Class A office condo offering executive and junior private offices plus conference and open workstation areas.
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 $1,450,000.
What are key features of this property?
This property features: 2,501 SF Class A office condo in a Brickell Avenue address; Executive and junior private offices with conference rooms and open workstation areas; Reception area and lobby plus interior private restroom
