Office Unit with Executive
For Sale
$875,000
1200 Brickell Avenue 505-b, Miami, FL 33131
Professional office suite with private rooms, meeting space, reception, and kitchenette in a central Brickell setting.
Property Size2,146 SF
Price / SF$407.74
Days on Market23
Property Features for 1200 Brickell Avenue 505-b
General Information
Standard status
Active
Size
2,146 SF
Building Details
Year Built
1982
Listing Agency:
BHHS EWM Realty
Listed By:
Barbara Jean Gretsch · License #3643446
(773) 208-2992
Source:
Thepennteam
Added: Sep 14
Changed: Oct 6
Last Checked: Oct 5 at 9:51PM
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 office unit at 1200 Brickell Avenue includes 2,146 square feet arranged around four private offices, a reception area, conference room, printer and copy room, and kitchenette. The configuration provides distinct work areas alongside shared administrative and meeting functions, supporting immediate office use without requiring a major layout overhaul.
Suite 505-B is positioned in Miami’s Brickell district and overlooks a planned landscaped garden pavilion and the Ora by Casa Tua development. Its address places the property within a professional office environment on Brickell Avenue, with access to the surrounding district. Built in 1982, the property offers a defined office configuration for an owner-user or investor evaluating a dedicated commercial workspace.
Suite 505-B is positioned in Miami’s Brickell district and overlooks a planned landscaped garden pavilion and the Ora by Casa Tua development. Its address places the property within a professional office environment on Brickell Avenue, with access to the surrounding district. Built in 1982, the property offers a defined office configuration for an owner-user or investor evaluating a dedicated commercial workspace.
Key Highlights
- 2,146‑square‑foot office unit at 1200 Brickell Avenue
- Four private offices plus reception and conference room
- Dedicated 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.
Property Analytics
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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
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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 - Professional office suite with private rooms, meeting space, reception, and kitchenette in a central 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‑square‑foot office unit at 1200 Brickell Avenue; Four private offices plus reception and conference room; Dedicated printer/copy room and kitchenette
