Two-Suite Office
New
For Sale
$398,500
1111 N Kane Concourse, Bay Harbor Islands, FL 33154
SINGLE_FAMILY - Bay Harbor Islands, FL
Property Size747 SF
Lot Size0.92 Acres
Price / SF$533.47
Days on Market1
Property Features for 1111 N Kane Concourse
General Information
Property type
Residential
Property subtype
Office
Zoning description
6000
Security features
Security System
Directions
From I-95, take exit 10B toward NE 125th Street / State Road 922 East. Continue east across the Broad Causeway into Bay Harbor Islands. Turn left onto Kane Concourse, and the building 1111 Kane Concourse will be on your right.
Subdivision
22
Standard status
Active
APN
13-22-27-083-1033
Lot size
0.92 Acres
Taxes and HOA fees
Tax Description
CONCOURSE PLAZA CONDO UNITS 5-71 THRU 5-88 UNDIV % AS RECORDED OR 11611-781 INT IN COMMON ELEMENTS OFF REC 11611-781 OR 16623-2640 1294 1
HOA Fee
$1,200 Monthly
Legal Description
CONCOURSE PLAZA CONDO UNITS 5-71 THRU 5-88 UNDIV % AS RECORDED OR 11611-781 INT IN COMMON ELEMENTS OFF REC 11611-781 OR 16623-2640 1294 1
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1982
Floors in Building
6
Number of units
1
Flooring type
Tile
Building materials
Block
Roof type
Concrete
Listing Agency:
Keller Williams Realty SW
(954) 237-0400
Listed By:
Maria Korman · License #3079498
(954) 588-2850
Added: Aug 5
Last Checked: Aug 5 at 10:06PM
MLS# A11982212
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.
Investment Insights
Based on property information with market context.
This fifth-floor office unit is arranged as two private suites with a reception and living-room area between them. The layout supports separate work areas while retaining a shared arrival space, and it may be reconfigured into one larger executive office. The property was built in 1982 with block construction, tile flooring, central air, a concrete roof, and public water and sewer service.
The building at 1111 N Kane Concourse is in Bay Harbor Islands, near Bal Harbour Shops, Surfside, and Miami Beach. Common-area improvements include upgraded hallways and modern elevators, along with free guest parking and secured parking for owners and tenants. The property information identifies potential applications for medical, legal, consulting, and financial professionals, as well as owner-users and investors.
The building at 1111 N Kane Concourse is in Bay Harbor Islands, near Bal Harbour Shops, Surfside, and Miami Beach. Common-area improvements include upgraded hallways and modern elevators, along with free guest parking and secured parking for owners and tenants. The property information identifies potential applications for medical, legal, consulting, and financial professionals, as well as owner-users and investors.
Key Highlights
- Fifth‑floor office unit at 1111 N Kane Concourse, Bay Harbor Islands, FL 33154
- Current layout includes two private office suites and a reception/living room area
- Potential to combine the suites into one larger executive office
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.1k | $45.60 |
| − Vacancy | −$7.7k | −$10.26 |
| EGI | $26.4k | $35.34 |
| − OpEx | −$6.6k | −$8.84 |
| NOI | $19.8k | $26.51 |
747 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$282.8K
$247.5K – $330.0K
NOI $19,799 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$379.0K
$331.6K – $442.2K
NOI $26,529 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Fifth-floor professional office with reception space, central air, and secured parking access.
Where is this office units located?
The property is located at 1111 N Kane Concourse Bay Harbor Islands, FL.
What is the asking price?
The asking price for this property is $398,500.
What are key features of this property?
This property features: Fifth‑floor office unit at 1111 N Kane Concourse, Bay Harbor Islands, FL 33154; Current layout includes two private office suites and a reception/living room area; Potential to combine the suites into one larger executive office
