Office Unit with Private
1200 Brickell Ave 520a-d, Miami, FL 33131
For Sale
New
$1,080,000
Condo office suite offers a multi-room layout with reception, meeting, work, and break areas.
Property Size2,708 SF
Price / SF$398.82
Days on Market3
Property Features for 1200 Brickell Ave 520a-d
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Highway Access
Road Access
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
luxury lobby
open landscape plaza
sweeping semi-circular drop-off driveway
Carpet,Laminate
true
Flood Zone
Public
2708
Other,Valet
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
(954) 737-5372
Listed By:
Robert Esposito PA
Source:
Sofloluxuryrealestatellc
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 9 at 11:19AM
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 Robert Esposito PA
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Investment Insights
Based on property information with market context.
This office condominium at 1200 Brickell Ave includes 2,708 square feet arranged as 10 private offices, a conference room, reception area, workstations, and a break room. The building dates to 1982 and has a 20-story configuration, a luxury lobby, an open plaza, and a semicircular visitor drop-off drive. Interior finishes include carpet and laminate flooring; valet parking is listed among the exterior features.
The property is at the Brickell Avenue and Coral Way corner in Miami’s Financial District. South Miami Avenue provides access, with I-95, Miami International Airport, and the Port of Miami also identified as nearby transportation connections. Hotels, restaurants, and Mary Brickell Village are noted in the surrounding area.
The property is at the Brickell Avenue and Coral Way corner in Miami’s Financial District. South Miami Avenue provides access, with I-95, Miami International Airport, and the Port of Miami also identified as nearby transportation connections. Hotels, restaurants, and Mary Brickell Village are noted in the surrounding area.
Key Highlights
- 2,708‑square‑foot office condominium
- 10 private offices, conference room, reception area, workstations, and break room
- Located at Brickell Avenue and Coral Way in Miami’s Financial District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,686
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
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
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 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 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.83M
$1.60M – $2.13M
NOI $127,954 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road 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
$621,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Miami, FL
Properties on Market for Office Units in Miami
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Condo office suite offers a multi-room layout with reception, meeting, work, and break areas.
Where is this office unit 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 $1,080,000.
What are key features of this property?
This property features: 2,708‑square‑foot office condominium; 10 private offices, conference room, reception area, workstations, and break room; Located at Brickell Avenue and Coral Way in Miami’s Financial District
