Office Unit with Five Private
For Sale
$1,235,000
1200 Brickell Ave #1270-A-D, Miami, FL 33131
A dedicated conference room, break room, and open workspace support varied professional operations.
Property Size2,495 SF
Price / SF$494.99
Days on Market71
Property Features for 1200 Brickell Ave #1270-A-D
General Information
Standard status
Active
Size
2,495 SF
Net Rentable
2,495 SF
Property subtype
Commercial
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$18,249
Amenities
conference room
break room
Central air
Carpet Flooring
Central Air Cooling
Covered
Building Details
Year Built
1982
Listing Agency:
AG REAL ESTATE ADVISORS, LLC
(786) 218-8964
Listed By:
CARLOS CHAVARRO · License #A12041020
Source:
Corcoran
Added: Jun 22
Changed: Aug 30
Last Checked: Aug 30 at 6:12PM
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.
This 2,495-rentable-square-foot office unit at 1200 Brickell Ave #1270-A-D includes five private offices, a dedicated conference room, and a fully equipped break room. An open area provides additional room for workstations or collaborative activities, while the layout combines enclosed rooms with shared workspace.
Built in 1982, the property is positioned in Brickell within Miami’s financial district. The address provides immediate proximity to dining, retail, and transit options, placing daily services and transportation within the surrounding area. The suite’s combination of private rooms, meeting space, support amenities, and open area creates a functional configuration for professional office use.
Built in 1982, the property is positioned in Brickell within Miami’s financial district. The address provides immediate proximity to dining, retail, and transit options, placing daily services and transportation within the surrounding area. The suite’s combination of private rooms, meeting space, support amenities, and open area creates a functional configuration for professional office use.
Key Highlights
- 2,495 rentable square feet of office space
- Five private offices plus a dedicated conference room
- Fully equipped break room included
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
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 - A dedicated conference room, break room, and open workspace support varied professional operations.
Where is this office units located?
The property is located at 1200 Brickell Ave #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 square feet of office space; Five private offices plus a dedicated conference room; Fully equipped break room included
