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Brickell Avenue Class A Office

1110 Brickell Ave 515 Miami, FL 33131

1110 Brickell Ave 515, Miami, FL, 33131
$1,450,000
For Sale
Claim this Listing
$1,450,000

Turn-key 2,501 SF office condo in Miami's financial district.

Property Size2,501 SF
Price / SF$579.77
AddedApr 18, 2025
Days on Market455
Last RefreshJul 16 at 6:01 am

Property Features for 1110 Brickell Ave 515

General Information

Standard status
Active
Size
2,501 SF
Property subtype
Commercial/Industrial

Building Details

Year Built
1971

Listing office RE/MAX 360 Real Estate

Listing date Apr 18, 2025

Source Exitrealty

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 360 Real Estate


Investment Insights

Based on property information with market context.

This 2,501 SF Class A office condo is located on Brickell Avenue in Miami's financial district. The suite features a functional layout that includes executive and junior private offices, conference rooms, and open workstation areas. It also includes a reception area and lobby, as well as an interior private restroom and kitchenette. Interior finishes include marble flooring, custom fine-wood wall paneling, built-in millwork, and floor-to-ceiling windows. The property is suited for law firms, wealth management groups, consulting firms, family offices, or boutique financial services. It offers accessibility to Downtown Miami, Brickell City Centre, and major transportation corridors.

Key Highlights

  • Premier Brickell Avenue location in the heart of Miami's financial district.
  • Turn‑key, Class A office condo with 2,501 SF of space.
  • Functional layout with private offices, conference rooms, and open workstation areas.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $112.5k $45.00
− Vacancy −$16.9k −$6.75
EGI $95.7k $38.25
− OpEx −$23.9k −$9.56
NOI $71.7k $28.69
2,501 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.02M
$896.8K – $1.20M (±1% cap)
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 (±1% cap)
NOI $118,173 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

The Law Office of Verna ... Law Firm Elizee Law Firm Law Firm Lease Savers Consulting Big Box & Wholesale Store Big Blue Inc. Business To Business Service LinRT BSP by ... (Bike/Boat/Book/etc) Store

Suggested Use

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Daycare Center Nursing Home Nursing Home (Bike/Boat/Book/etc) Store Butcher Veterinary Clinic (Bike/Boat/Book/etc) Store Restaurant

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office units - Turn-key 2,501 SF office condo in Miami's financial district.
Where is this office units located?
The property is located at 1110 Brickell Ave 515 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: Premier Brickell Avenue location in the heart of Miami's financial district.; Turn‑key, Class A office condo with **2,501 SF of space.**; Functional layout with private offices, conference rooms, and open workstation areas.
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