Financial District Office
For Sale
$1,285,000
1200 Brickell Ave 520A-D, Miami, FL 33131
Office condo in Miami's Financial District, ideal for law firm.
Property Size2,708 SF
Lot Size0.06 Acres
Days on Market157
Property Features for 1200 Brickell Ave 520A-D
General Information
Standard status
Active
Size
2,708 SF
Lot size
0.06 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$17,698
Building Details
Building Size
2,708 SF
Year Built
1982
Listing Agency:
AG REAL ESTATE ADVISORS, LLC
(786) 218-8964
Listed By:
Carlos Chavarro · License #A11927371
(786) 218-8964
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 6:22AM
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 office condo is located in one of Miami's premier office buildings, situated in the heart of the Financial District. The layout is well-suited for a law firm, featuring 10 private offices, a conference room, a reception area, workstations, and a break room. The 20-story office building contains 235,432 RSF and includes a luxury lobby and an open landscape plaza. A sweeping semi-circular drop-off driveway provides visitor convenience. The property is strategically located on the corner of Brickell Avenue and Coral Way, near Mary Brickell Village. It offers convenient access to South Miami Avenue and major highways such as I-95, and is located just minutes from Miami International Airport and the Port of Miami. The location is near hotels and restaurants.
Key Highlights
- Prime Location: Heart of Miami's Financial District on Brickell Avenue's best corner
- Ideal Office Layout featuring 10 private offices, conference room, reception, workstations, and break room
- Convenient Access to South Miami Avenue, I‑95, Miami International Airport, and Port of Miami
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
$77,686
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
6.05%
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%
$1,553,720
$1.6M
Cap Rate 7%
$1,109,800
$1.1M
Cap Rate 9%
$863,178
$863.2K
Market Conditions
NOI Build-Up for 2,708 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
$121.9K $45.00/SF
− Vacancy
−$18.3K −$6.75/SF
EGI
$103.6K $38.25/SF
− OpEx
−$25.9K −$9.56/SF
NOI
$77.7K $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%
$1,553,720
Cap Rate 7%
$1,109,800
Cap Rate 9%
$863,178
Alternative Uses
Best Use
Office B
$1.11M
$971.1K – $1.29M
NOI $77,686 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.83M
$1.60M – $2.13M
NOI $127,954 @ 7.0% cap · market cap 9.96%
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 - Office condo in Miami's Financial District, ideal for law firm.
Where is this office units located?
The property is located at 1200 Brickell Ave 520A-D Miami, FL.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: Prime Location: Heart of Miami's Financial District on Brickell Avenue's best corner; Ideal Office Layout featuring 10 private offices, conference room, reception, workstations, and break room; Convenient Access to South Miami Avenue, I‑95, Miami International Airport, and Port of Miami
