Office Suite with Three Private
For Sale
$445,000
1110 Brickell Ave # 512, Miami, FL 33131
Compact office suite with three private offices and a flexible open area for professional services or satellite teams.
Property Size747 SF
Days on Market65
Property Features for 1110 Brickell Ave # 512
General Information
Standard status
Active
Size
747 SF
Property subtype
Office
Building Details
Building Size
747 SF
Year Built
1971
Listing Agency:
AG Real Estate Advisors, LLC
(786) 218-8964
Listed By:
Carlos Chavarro · License #3268120
Source:
Vanessafrankmiami
Added: Jun 22
Changed: Aug 24
Last Checked: Aug 25 at 11:56AM
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 AG Real Estate Advisors, LLC
Investment Insights
Based on property information with market context.
This efficiently designed 747 square foot office suite is laid out with three private offices plus a versatile open workspace. The combination supports both focused work and flexible collaboration, with natural flow between the private rooms and the common area. The open space can function as collaborative workstations or accommodate a reception-style setup, depending on how the space is organized for daily operations.
Located at 1110 Brickell Ave #512 in Miami, Florida, the suite is positioned as a self-contained office environment within the building. The layout is intentionally balanced for usability, pairing privacy where needed with common-area space for meeting, intake, or general staff workflow.
This suite is well suited for professional services firms, startups, or satellite teams that need a compact footprint without sacrificing the ability to separate private meetings from the rest of the workday. For prospective tenants or buyers, the floorplan offers practical flexibility: multiple offices for staff or leadership, along with an adaptable open area that can be arranged to match reception, coworking, or general office usage. If you’re looking for a turnkey, ready-to-operate office setup, this configuration is designed to support immediate day-to-day functionality.
Located at 1110 Brickell Ave #512 in Miami, Florida, the suite is positioned as a self-contained office environment within the building. The layout is intentionally balanced for usability, pairing privacy where needed with common-area space for meeting, intake, or general staff workflow.
This suite is well suited for professional services firms, startups, or satellite teams that need a compact footprint without sacrificing the ability to separate private meetings from the rest of the workday. For prospective tenants or buyers, the floorplan offers practical flexibility: multiple offices for staff or leadership, along with an adaptable open area that can be arranged to match reception, coworking, or general office usage. If you’re looking for a turnkey, ready-to-operate office setup, this configuration is designed to support immediate day-to-day functionality.
Key Highlights
- 747 SF office suite with an efficient layout for both private offices and shared workspace
- Includes three private offices plus a versatile open area for workstations or a reception setup
- Features a flexible interior flow between offices and common areas to support different business configurations
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
$21,430
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
4.82%
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%
$428,600
$428.6K
Cap Rate 7%
$306,143
$306.1K
Cap Rate 9%
$238,111
$238.1K
Market Conditions
NOI Build-Up for 747 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
$33.6K $45.00/SF
− Vacancy
−$5.0K −$6.75/SF
EGI
$28.6K $38.25/SF
− OpEx
−$7.1K −$9.56/SF
NOI
$21.4K $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%
$428,600
Cap Rate 7%
$306,143
Cap Rate 9%
$238,111
Alternative Uses
Best Use
Office B
$306.1K
$267.9K – $357.2K
NOI $21,430 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$504.2K
$441.2K – $588.3K
NOI $35,296 @ 7.0% cap · market cap 7.93%
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 - Compact office suite with three private offices and a flexible open area for professional services or satellite teams.
Where is this office units located?
The property is located at 1110 Brickell Ave # 512 Miami, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 747 SF office suite with an efficient layout for both private offices and shared workspace; Includes three private offices plus a versatile open area for workstations or a reception setup; Features a flexible interior flow between offices and common areas to support different business configurations
