Corner Office
For Sale
$495,000
Pending
1111 Kane Concourse, Bay Harbor Islands, FL 33154
Commercial Sale, Bay Harbor Islands, FL
Property Size864 SF
Lot Size2.30 Acres
Days on Market121
Property Features for 1111 Kane Concourse
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
6000
Parking
4
Subdivision
22
Standard status
Pending
APN
13-22-27-083-0420
Lot size
2.30 Acres
Additional Details
Property Use
Office
Condition
Move-in Ready
Taxes and HOA fees
Tax Year
2026
Tax Description
CONCOURSE PLAZA CONDO UNITS 3-56 THRU 3-75 UNDIV % AS RECORDED OR 11611-781 INT IN COMMON ELEMENTS OFF REC 11611-781 OR 19968-3909 1001 1 CO
Tax Annual Amount
4800
HOA Fee
$1,200 Monthly
Legal Description
CONCOURSE PLAZA CONDO UNITS 3-56 THRU 3-75 UNDIV % AS RECORDED OR 11611-781 INT IN COMMON ELEMENTS OFF REC 11611-781 OR 19968-3909 1001 1 CO
Amenities
Kitchen or Bar area
Conference room
Building Details
Year built
1982
Floors in Building
1
Flooring type
Laminate
Building materials
Aluminum Siding, Block
Roof type
Concrete
Listing Agency:
Charles Rutenberg Realty FTL
(954) 396-3001
Listed By:
Oswaldo Guerra, PA · License #3169265
(954) 274-2291
Added: Jun 30
Changed: Oct 28
Last Checked: Oct 28 at 6:06PM
MLS# A12009125
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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.
This 864 sqft office unit occupies a corner position and is configured with three private offices, a conference room, and a kitchen or bar area. The suite has laminate flooring and views from each office and corner. A parking area is available for users of the property.
The property is located at 1111 Kane Concourse in Bay Harbor Islands, Florida, within Miami-Dade County. The building was constructed in 1982 and features block and aluminum siding construction with a concrete roof. The existing layout provides a combination of private workspace, meeting space, and staff or hospitality area in a ready-for-use commercial setting.
The property is located at 1111 Kane Concourse in Bay Harbor Islands, Florida, within Miami-Dade County. The building was constructed in 1982 and features block and aluminum siding construction with a concrete roof. The existing layout provides a combination of private workspace, meeting space, and staff or hospitality area in a ready-for-use commercial setting.
Key Highlights
- 864 sqft corner office unit
- Three private offices and a conference room
- Kitchen or bar area included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,900
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,000
$458.0K
Cap Rate 7%
$327,143
$327.1K
Cap Rate 9%
$254,444
$254.4K
Market Conditions
NOI Build-Up for 864 SF
Gross rent
$39.4K $45.60/SF
− Vacancy
−$8.9K −$10.26/SF
EGI
$30.5K $35.34/SF
− OpEx
−$7.6K −$8.84/SF
NOI
$22.9K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,000
Cap Rate 7%
$327,143
Cap Rate 9%
$254,444
Alternative Uses
Best Use
Office B
$327.1K
$286.3K – $381.7K
NOI $22,900 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$438.3K
$383.6K – $511.4K
NOI $30,684 @ 7.0% cap · market cap 6.20%
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
Location Intelligence
Trade Area within ½ mile
2,007
Businesses Nearby
Explore this area
Business Placement
Demographics for 33154, FL
14,792
Population
10,104
Households
1.5
Avg Household Size
46
Median Age
59%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
7,785
Density / Sq Mi
$87,806
Median Household Income
$53,711
Median Earnings
$2,245
Median Rent
$741,400
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 South region
Frequently Asked Questions
What type of property is this?
Office unit - Includes a conference room, three private offices, and a kitchen or bar area.
Where is this office unit located?
The property is located at 1111 Kane Concourse Bay Harbor Islands, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 864 sqft corner office unit; Three private offices and a conference room; Kitchen or bar area included
