Office Unit with Floor-to-Ceiling
New
For Sale
$1,200,000
1200 Brickell Avenue 210, Miami, FL 33131
Secure entry and available parking support convenient day-to-day access.
Property Size2,038 SF
Price / SF$588.81
Days on Market4
Property Features for 1200 Brickell Avenue 210
General Information
Standard status
Active
Size
2,038 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Public Transit
Yes
Amenities
floor-to-ceiling windows
secure access
Building Details
Building Size
2,038 SF
Listing Agency:
E. L. S. Realty Corp.
Listed By:
Edward L Schmidt · License #0473167
(786) 697-6223
Source:
Silverleafrealtygroup
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 2:40PM
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 E. L. S. Realty Corp.
Investment Insights
Based on property information with market context.
Suite 210 at 1200 Brickell Avenue contains 2,038 square feet and is offered for sale or lease. Floor-to-ceiling windows bring natural light into the office, and the property has secure access with parking available, including additional parking options.
The suite is in Miami’s Brickell financial district, within walking distance of Brickell City Centre and Mary Brickell Village. Metromover service, I-95, and Miami International Airport are accessible from the area, which also has residential, retail, and dining uses nearby.
The suite is in Miami’s Brickell financial district, within walking distance of Brickell City Centre and Mary Brickell Village. Metromover service, I-95, and Miami International Airport are accessible from the area, which also has residential, retail, and dining uses nearby.
Key Highlights
- 2,038 SF office suite
- Floor‑to‑ceiling windows provide natural light
- Secure property access with parking available; additional parking is offered
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
$58,465
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
4.87%
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%
$1,169,300
$1.2M
Cap Rate 7%
$835,214
$835.2K
Cap Rate 9%
$649,611
$649.6K
Market Conditions
NOI Build-Up for 2,038 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
$91.7K $45.00/SF
− Vacancy
−$13.8K −$6.75/SF
EGI
$78.0K $38.25/SF
− OpEx
−$19.5K −$9.56/SF
NOI
$58.5K $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 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%
$1,169,300
Cap Rate 7%
$835,214
Cap Rate 9%
$649,611
Alternative Uses
Best Use
Office B
$835.2K
$730.8K – $974.4K
NOI $58,465 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.38M
$1.20M – $1.60M
NOI $96,296 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
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 - Secure entry and available parking support convenient day-to-day access.
Where is this office units located?
The property is located at 1200 Brickell Avenue 210 Miami, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,038 SF office suite; Floor‑to‑ceiling windows provide natural light; Secure property access with parking available; additional parking is offered
