3-Suite Office
1110 BRICKELL Avenue #808A-C, Miami, FL 33131
For Sale
New
$813,000
Tenant-occupied office space in an established Brickell commercial area, with access to major roadways.
Property Size1,318 SF
Price / SF$616.84
Days on Market1
Property Features for 1110 BRICKELL Avenue #808A-C
General Information
Standard status
Size
Total Parking Spaces
Zoning
Net Operating Income
Site & Location
Neighborhood
Additional Details
Office Units
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
RE/MAX Direct
Listed By:
Carlos Caicedo · License FL #3097908
(754) 368-0783
Source:
Laerrealty
Added: Nov 12
Last Checked: Nov 12 at 2:11PM
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.
The offering comprises three office suites totaling 1,318 square feet at 1110 Brickell Avenue in Miami. The property was built in 1971 and is occupied by a tenant under a lease that runs through August 31, 2029.
The office space is situated in an established commercial area with access to major roadways, nearby residential communities, and local businesses.
The office space is situated in an established commercial area with access to major roadways, nearby residential communities, and local businesses.
Key Highlights
- Three office suites with 1,318 square feet combined
- Tenant occupied; lease expires 08/31/2029
- Built in 1971
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Office units
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
$621,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Tenant-occupied office space in an established Brickell commercial area, with access to major roadways.
Where is this office unit located?
The property is located at 1110 BRICKELL Avenue #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 with 1,318 square feet combined; Tenant occupied; lease expires 08/31/2029; Built in 1971
