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    Brickell Avenue Class A Office Title is generated by Realmo AI

    1110 Brickell Ave 515, Miami, FL 33131

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    For Sale
    $1,450,000

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

    Type:Commercial/Industrial
    Property size:
    2,501 SF
    Price / SF:
    $579/SF
    Added:
    Apr 17, 2025
    Days on Market:
    409
    Last Refresh:
    May 28 at 5:29 pm

    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

    We can help!

    Listing Contact
    Billy Planes
    Billy Planes

    Listing agent Billy Planes License #3085463

    Listing office RE/MAX 360 Real Estate

    Listing date Apr 17, 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

    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.
    • High‑end interior finishes including marble flooring and custom wood paneling.
    • Includes private restroom and kitchenette for staff and client convenience.
    • Excellent accessibility to Downtown Miami, Brickell City Centre, and major transportation.

    Overview

    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.
    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. Manufacturer LinRT BSP by ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Real Estate Agency Hair Salon Nail Salon Food Market Law Firm Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.191802
    Latitude
    25.762239

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    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.
    (305) 772-8513
    We can help!
    Listing Contact
    Billy Planes
    Billy Planes
    Real Estate License ID: 3085463
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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