Brickell Office Space
For Sale
$3,599,000
1200 Brickell Avenue Unit 950-A, Miami, FL 33131
Built-out office space in Brickell's financial district.
Property Size5,873 SF
Price / SF$612.80
Days on Market218
Property Features for 1200 Brickell Avenue Unit 950-A
General Information
Standard status
Active
Size
5,873 SF
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
1982
Listing Agency:
Globalty Investment LLC
Listed By:
Thomas Pichet · License #A11729801
(561) 945-4345
Source:
Onesothebysrealty
Added: Mar 11
Changed: Oct 4
Last Checked: Oct 12 at 8:33PM
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 Globalty Investment LLC
Investment Insights
Based on property information with market context.
This half-floor office space is located in the heart of Brickell. The property features a bright, contemporary style and includes 18 private offices, 3 conference rooms, a break area with a kitchenette, a reception area with 2 phone booths, and an open center space currently configured with 10 cubicles. The office is situated within 1200 Brickell, a Class A office building that rises 20 stories. The building is located at the intersection of Brickell Avenue and SW 13th (Coral Way), in a rapidly growing financial district. The building offers a modern lobby and circular drive with security. On-site amenities include the Dirty French restaurant. Public transportation, luxury shopping, and restaurants are located nearby. The property is also available for sale.
Key Highlights
- Prime Brickell location at the intersection of Brickell Avenue and SW 13th (Coral Way) in the financial district.
- Fully built‑out office space with 18 private offices, 3 conference rooms, break area, and reception area.
- Class A office building with modern lobby, circular drive, and security.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,482
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,369,640
$3.4M
Cap Rate 7%
$2,406,886
$2.4M
Cap Rate 9%
$1,872,022
$1.9M
Market Conditions
NOI Build-Up for 5,873 SF
Gross rent
$264.3K $45.00/SF
− Vacancy
−$39.6K −$6.75/SF
EGI
$224.6K $38.25/SF
− OpEx
−$56.2K −$9.56/SF
NOI
$168.5K $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 Rate 5%
$3,369,640
Cap Rate 7%
$2,406,886
Cap Rate 9%
$1,872,022
Alternative Uses
Best Use
Office B
$2.41M
$2.11M – $2.81M
NOI $168,482 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.96M
$3.47M – $4.63M
NOI $277,502 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Built-out office space in Brickell's financial district.
Where is this office units located?
The property is located at 1200 Brickell Avenue Unit 950-A Miami, FL.
What is the asking price?
The asking price for this property is $3,599,000.
What are key features of this property?
This property features: Prime Brickell location at the intersection of Brickell Avenue and SW 13th (Coral Way) in the financial district.; Fully built‑out office space with **18 private offices, 3 conference rooms, break area, and reception area.**; Class A office building with **modern lobby, circular drive, and security.**
