Combined Office
New
For Sale
$459,000
1110 Brickell Ave, Miami, FL 33131
Commercial Sale, Miami, FL
Property Size838 SF
Lot Size0.02 Acres
Price / SF$547.73
Days on Market2
Property Features for 1110 Brickell Ave
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
6407
Parking features
Valet, Covered
Security features
Security
Subdivision
41
Standard status
Active
APN
01-41-39-091-1670
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1110 BRICKELL CONDO UNIT 806A UNDIV 0.5090% INT IN COMMON ELEMENTS OFF REC 23359-1937 COC 24179-2469 01 2006 2
Tax Annual Amount
3778
HOA Fee
$1,641 Monthly
Legal Description
1110 BRICKELL CONDO UNIT 806A UNDIV 0.5090% INT IN COMMON ELEMENTS OFF REC 23359-1937 COC 24179-2469 01 2006 2
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1971
Flooring type
Tile
Building materials
Block
Listing Agency:
Compass Florida, LLC
(305) 851-2820
Listed By:
Carolina Arenas · License #3382850
(305) 244-4204
Added: Sep 4
Last Checked: Sep 5 at 12:06PM
MLS# A12083477
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.
Office units 806A and 806B have been combined into one 838-square-foot workspace within a block-construction building completed in 1971. The interior includes tile flooring, while furniture may be included with the sale. Public water and public sewer serve the property.
The office is located on Brickell Ave in Miami, within the 33131 postal area. Covered parking and valet parking are available, providing on-site parking options for occupants and visitors.
The office is located on Brickell Ave in Miami, within the 33131 postal area. Covered parking and valet parking are available, providing on-site parking options for occupants and visitors.
Key Highlights
- 838 SF combined office space in units 806A and 806B
- Two separate office units combined into one workspace
- Block construction with 1971 year built
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
$24,040
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
5.24%
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%
$480,800
$480.8K
Cap Rate 7%
$343,429
$343.4K
Cap Rate 9%
$267,111
$267.1K
Market Conditions
NOI Build-Up for 838 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
$37.7K $45.00/SF
− Vacancy
−$5.7K −$6.75/SF
EGI
$32.1K $38.25/SF
− OpEx
−$8.0K −$9.56/SF
NOI
$24.0K $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%
$480,800
Cap Rate 7%
$343,429
Cap Rate 9%
$267,111
Alternative Uses
Best Use
Office B
$343.4K
$300.5K – $400.7K
NOI $24,040 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$565.7K
$495.0K – $659.9K
NOI $39,596 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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 - Tile flooring, covered parking, and valet service support a professional workspace in Miami’s Brickell area.
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 $459,000.
What are key features of this property?
This property features: 838 SF combined office space in units 806A and 806B; Two separate office units combined into one workspace; Block construction with 1971 year built
