Turnkey Office Suite with Conference
For Sale
$1,235,000
1200 Brickell Avenue #1270-A-D, Miami, FL 33131
Move-in-ready office suite with five private offices, a conference room, break room, and open workspace.
Property Size2,495 SF
Price / SF$494.99
Days on Market53
Property Features for 1200 Brickell Avenue #1270-A-D
General Information
Standard status
Active
Size
2,495 SF
Zoning
6407
Taxes and HOA fees
Annual Taxes
$18,249
Building Details
Building Size
2,495 SF
Year Built
1982
Listing Agency:
AG Real Estate Advisors, LLC
(786) 218-8964
Listed By:
Carlos A Chavarro · License #A11897016
(786) 218-8964
Source:
Laerrealty
Added: Jul 3
Changed: Aug 21
Last Checked: Aug 24 at 3:13AM
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 AG Real Estate Advisors, LLC
Investment Insights
Based on property information with market context.
Turnkey 2,495 rentable square foot office suite at 1200 Brickell Avenue. The space is laid out with five private offices, a dedicated conference room, a fully equipped break room, and a generous open area suited for workstations or collaborative use. High-quality finishes and an efficient floor plan support a polished, ready-to-occupy environment for professional teams.
Located in the heart of Brickell, the building offers immediate proximity to Miami’s financial district and nearby dining, retail, and transit options.
Located in the heart of Brickell, the building offers immediate proximity to Miami’s financial district and nearby dining, retail, and transit options.
Key Highlights
- 2,495 rentable SF office suite in 1200 Brickell
- Includes five private offices plus a dedicated conference room
- Fully equipped break room and open area for workstations or collaboration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,575
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,431,500
$1.4M
Cap Rate 7%
$1,022,500
$1.0M
Cap Rate 9%
$795,278
$795.3K
Market Conditions
NOI Build-Up for 2,495 SF
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.
Gross rent
$112.3K $45.00/SF
− Vacancy
−$16.8K −$6.75/SF
EGI
$95.4K $38.25/SF
− OpEx
−$23.9K −$9.56/SF
NOI
$71.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,431,500
Cap Rate 7%
$1,022,500
Cap Rate 9%
$795,278
Alternative Uses
Best Use
Office B
$1.02M
$894.7K – $1.19M
NOI $71,575 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,890 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in-ready office suite with five private offices, a conference room, break room, and open workspace.
Where is this office units located?
The property is located at 1200 Brickell Avenue #1270-A-D Miami, FL.
What is the asking price?
The asking price for this property is $1,235,000.
What are key features of this property?
This property features: 2,495 rentable SF office suite in 1200 Brickell; Includes five private offices plus a dedicated conference room; Fully equipped break room and open area for workstations or collaboration
