Move-In Ready Office
For Sale
$875,000
1200 Brickell Avenue #505-B, Miami, FL 33131
Updated office suite with private offices, reception, conference room, and kitchenette in a professional Brickell setting.
Property Size2,146 SF
Price / SF$407.74
Days on Market101
Property Features for 1200 Brickell Avenue #505-B
General Information
Standard status
Active
Size
2,146 SF
Zoning
6407
Additional Details
Office Units
4
Taxes and HOA fees
Annual Taxes
$15,886
Building Details
Year Built
1982
Buildings
1
Stories
20
Listing Agency:
BHHS EWM Realty
Listed By:
Barbara Gretsch · License #3643446
(773) 208-2992
Source:
Laerrealty
Added: Jul 6
Changed: Oct 10
Last Checked: Oct 12 at 4:35PM
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 BHHS EWM Realty
Investment Insights
Based on property information with market context.
This move-in ready office suite offers a functional, efficient layout designed for day-to-day operations. The space includes four private offices, a reception area, a conference room, a printer/copy room, and a kitchenette, providing a practical mix of client-facing and internal work areas. The suite is presented as ready for immediate use, supporting both owner-users and investors looking for usable office space without added ramp-up time.
The property is located within 1200 Brickell Avenue in the Brickell district of Miami. The suite enjoys an outlook toward a planned landscaped garden pavilion and the Ora by Casa Tua development, contributing to a more open view from the office.
For tenants and buyers seeking a turnkey office, the combination of private offices and shared functions like reception and conference supports a broad range of professional services. Its established configuration makes it well-suited for organizations that need dedicated rooms for leadership, meetings, and administrative support, while maintaining an approachable front-of-house entry through the reception area.
The property is located within 1200 Brickell Avenue in the Brickell district of Miami. The suite enjoys an outlook toward a planned landscaped garden pavilion and the Ora by Casa Tua development, contributing to a more open view from the office.
For tenants and buyers seeking a turnkey office, the combination of private offices and shared functions like reception and conference supports a broad range of professional services. Its established configuration makes it well-suited for organizations that need dedicated rooms for leadership, meetings, and administrative support, while maintaining an approachable front-of-house entry through the reception area.
Key Highlights
- 2,146 SF office suite with a functional layout for immediate occupancy
- Features four private offices plus reception area and a conference room
- Includes printer/copy room and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,563
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,231,260
$1.2M
Cap Rate 7%
$879,471
$879.5K
Cap Rate 9%
$684,033
$684.0K
Market Conditions
NOI Build-Up for 2,146 SF
Gross rent
$96.6K $45.00/SF
− Vacancy
−$14.5K −$6.75/SF
EGI
$82.1K $38.25/SF
− OpEx
−$20.5K −$9.56/SF
NOI
$61.6K $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 Rate 5%
$1,231,260
Cap Rate 7%
$879,471
Cap Rate 9%
$684,033
Alternative Uses
Best Use
Office B
$879.5K
$769.5K – $1.03M
NOI $61,563 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,399 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Office units
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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Market
Vacancy Rate% for Office in Miami, FL
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Frequently Asked Questions
What type of property is this?
Office units - Updated office suite with private offices, reception, conference room, and kitchenette in a professional Brickell setting.
Where is this office units located?
The property is located at 1200 Brickell Avenue #505-B Miami, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2,146 SF office suite with a functional layout for immediate occupancy; Features four private offices plus reception area and a conference room; Includes printer/copy room and kitchenette
