Private Office
For Sale
$583,000
1110 Brickell Ave # 701B, Miami, FL 33131
Four individually leased office suites with rental terms secured for two years.
Property Size591 SF
Days on Market54
Property Features for 1110 Brickell Ave # 701B
General Information
Standard status
Active
Size
591 SF
Property subtype
Office
Additional Details
Gross Income
$132,000
Office Units
4
Building Details
Building Size
591 SF
Year Built
1971
Listing Agency:
First Way Realty Services Inc
Listed By:
Carlos Visbal · License #3292495
(305) 967-2439
Source:
Marcelosteinmander
Added: Aug 21
Changed: Oct 9
Last Checked: Oct 13 at 3:01AM
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 First Way Realty Services Inc
Investment Insights
Based on property information with market context.
This office-unit property at 1110 Brickell Ave Unit 701B includes four private office spaces within a commercial building constructed in 1971. Each unit is generating rental income, with the existing rental arrangements secured for a two-year period.
The property is located in Brickell, Miami, Florida, and is positioned within the Brickell commercial real estate market. The configuration provides separate private office units in a single property, offering an established income-producing profile without relying on a single office occupant.
The property is located in Brickell, Miami, Florida, and is positioned within the Brickell commercial real estate market. The configuration provides separate private office units in a single property, offering an established income-producing profile without relying on a single office occupant.
Key Highlights
- Four private office spaces
- Rental income secured for 2 years
- Located at 1110 Brickell Ave Unit 701B
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,954
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,080
$339.1K
Cap Rate 7%
$242,200
$242.2K
Cap Rate 9%
$188,378
$188.4K
Market Conditions
NOI Build-Up for 591 SF
Gross rent
$26.6K $45.00/SF
− Vacancy
−$4.0K −$6.75/SF
EGI
$22.6K $38.25/SF
− OpEx
−$5.7K −$9.56/SF
NOI
$17.0K $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 Rate 5%
$339,080
Cap Rate 7%
$242,200
Cap Rate 9%
$188,378
Alternative Uses
Best Use
Office B
$242.2K
$211.9K – $282.6K
NOI $16,954 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$398.9K
$349.1K – $465.4K
NOI $27,925 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Office units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Four individually leased office suites with rental terms secured for two years.
Where is this office units located?
The property is located at 1110 Brickell Ave # 701B Miami, FL.
What is the asking price?
The asking price for this property is $583,000.
What are key features of this property?
This property features: Four private office spaces; Rental income secured for 2 years; Located at 1110 Brickell Ave Unit 701B
