3-Suite Office
1110 BRICKELL Ave 808A-C, Miami, FL 33131
For Sale
New
$813,000
The tenant-occupied space has a lease running through August 31, 2029.
Property Size1,318 SF
Price / SF$616.84
Days on Market2
Property Features for 1110 BRICKELL Ave 808A-C
General Information
Standard status
Size
Property subtype
Net Operating Income
Site & Location
Neighborhood
Public Transit
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
RE/MAX Direct
Listed By:
Carlos A. Caicedo · License FL #3097908
(754) 368-0783
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:43PM
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 Direct
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Three office suites totaling 1,318 square feet are offered at 1110 Brickell Ave in Miami. The property was built in 1971 and is currently tenant-occupied, with the lease scheduled to expire on August 31, 2029.
The property is in an established commercial area with access to major roadways, nearby residential communities, and local businesses. WalkScore is 100, TransitScore is 98, and BikeScore is 78.
The property is in an established commercial area with access to major roadways, nearby residential communities, and local businesses. WalkScore is 100, TransitScore is 98, and BikeScore is 78.
Key Highlights
- Three office suites comprise 1,318 square feet
- Tenant occupied; lease expires on 08/31/2029
- WalkScore: 100; TransitScore: 98; BikeScore: 78
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,810
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,200
$756.2K
Cap Rate 7%
$540,143
$540.1K
Cap Rate 9%
$420,111
$420.1K
Market Conditions
NOI Build-Up for 1,318 SF
Gross rent
$59.3K $45.00/SF
− Vacancy
−$8.9K −$6.75/SF
EGI
$50.4K $38.25/SF
− OpEx
−$12.6K −$9.56/SF
NOI
$37.8K $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%
$756,200
Cap Rate 7%
$540,143
Cap Rate 9%
$420,111
Alternative Uses
Best Use
Office B
$540.1K
$472.6K – $630.2K
NOI $37,810 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$889.7K
$778.5K – $1.04M
NOI $62,276 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
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
$621,700
Median Home Value
Market
Average Price Trend$/SF for Office Units in Miami, FL
Properties on Market for Office Units in Miami
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - The tenant-occupied space has a lease running through August 31, 2029.
Where is this office unit located?
The property is located at 1110 BRICKELL Ave 808A-C Miami, FL.
What is the asking price?
The asking price for this property is $813,000.
What are key features of this property?
This property features: Three office suites comprise 1,318 square feet; Tenant occupied; lease expires on 08/31/2029; WalkScore: 100; TransitScore: 98; BikeScore: 78
