Half-Floor Office
For Sale
$3,599,000
1200 Brickell Ave 950-a, Miami, FL 33131
The finished layout combines private workrooms, meeting space, a kitchenette, and an open area configured for cubicles.
Property Size5,873 SF
Price / SF$612.80
Days on Market12
Property Features for 1200 Brickell Ave 950-a
General Information
Standard status
Active
Size
5,873 SF
Class
Class A
Property subtype
CommercialSale
Zoning
6407
Site & Location
Neighborhood
Brickell Village
Public Transit
Yes
Additional Details
Condition
Built-Out
Property Use
Office
Taxes and HOA fees
Annual Taxes
$3,594
Amenities
modern lobby
circular drive with security
Dirty French restaurant on-site
luxury shopping
restaurants
Carpet,CeramicTile
true
Public
5873
9
false
Common,Covered,Guest
Raised
Highway,MainThoroughfare
1
Building Details
Building Size
5,873 SF
Year Built
1982
Stories
20
Listing Agency:
Globalty Investment LLC
(786) 744-4615
Listed By:
Dariel Paula
Source:
Lacostahomesrealty
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 12:42PM
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 Globalty Investment LLC
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Investment Insights
Based on property information with market context.
This 5,873-square-foot, half-floor office suite at 1200 Brickell Avenue is arranged with 18 private offices and 3 conference rooms. Its plan also includes a reception area with 2 phone booths, a kitchenette and break area, and an open bullpen currently set up with 10 cubicles. The suite is within a 20-story Class A office building completed in 1982, with a modern lobby, circular drive, and security.
The property is at Brickell Avenue and SW 13th Street (Coral Way), in Miami’s Brickell financial district. Dirty French restaurant is located in the building; public transportation, luxury shopping, and restaurants are nearby.
The property is at Brickell Avenue and SW 13th Street (Coral Way), in Miami’s Brickell financial district. Dirty French restaurant is located in the building; public transportation, luxury shopping, and restaurants are nearby.
Key Highlights
- 5,873‑square‑foot half‑floor office suite
- 18 private offices and 3 conference rooms
- Reception area with 2 phone booths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,482
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,369,640
$3.4M
Cap Rate 7%
$2,406,886
$2.4M
Cap Rate 9%
$1,872,022
$1.9M
Market Conditions
NOI Build-Up for 5,873 SF
Gross rent
$264.3K $45.00/SF
− Vacancy
−$39.6K −$6.75/SF
EGI
$224.6K $38.25/SF
− OpEx
−$56.2K −$9.56/SF
NOI
$168.5K $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%
$3,369,640
Cap Rate 7%
$2,406,886
Cap Rate 9%
$1,872,022
Alternative Uses
Best Use
Office B
$2.41M
$2.11M – $2.81M
NOI $168,482 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.96M
$3.47M – $4.63M
NOI $277,502 @ 7.0% cap · market cap 7.71%
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
13,007
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 - The finished layout combines private workrooms, meeting space, a kitchenette, and an open area configured for cubicles.
Where is this office unit located?
The property is located at 1200 Brickell Ave 950-a Miami, FL.
What is the asking price?
The asking price for this property is $3,599,000.
What are key features of this property?
This property features: 5,873‑square‑foot half‑floor office suite; 18 private offices and 3 conference rooms; Reception area with 2 phone booths
