Combined Office
For Sale
$459,000
1110 Brickell Ave 806a, Miami, FL 33131
Bright, contiguous office accommodation in Brickell, surrounded by dining, shopping, hotels, residences, and major business hubs.
Property Size838 SF
Price / SF$547.73
Days on Market48
Property Features for 1110 Brickell Ave 806a
General Information
Standard status
Active
Size
838 SF
Site & Location
Neighborhood
Brickell Village
Building Details
Year Built
1971
Listing Agency:
Compass Florida, LLC
Listed By:
Carolina Arenas · License #3382850
(305) 244-4204
Source:
Chenoregroup
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 7 at 1:21PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
Offices 806A and 806B have been combined into a single 838-square-foot office configuration within the 1971-built property at 1110 Brickell Ave. The space is described as bright and is offered for sale with furniture potentially available as part of the transaction.
The property is positioned in Brickell near dining, shopping, hotels, condominium residences, and major business centers. The offering carries two separate folio numbers, 01-4139-091-1670 and 01-4139-091-1680, associated with the combined office units.
The property is positioned in Brickell near dining, shopping, hotels, condominium residences, and major business centers. The offering carries two separate folio numbers, 01-4139-091-1670 and 01-4139-091-1680, associated with the combined office units.
Key Highlights
- Combined Offices 806A and 806B
- 838 square feet of office space
- Located at 1110 Brickell Ave, Miami, FL 33131
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,040
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Bright, contiguous office accommodation in Brickell, surrounded by dining, shopping, hotels, residences, and major business hubs.
Where is this office unit located?
The property is located at 1110 Brickell Ave 806a 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: Combined Offices 806A and 806B; 838 square feet of office space; Located at 1110 Brickell Ave, Miami, FL 33131
