Private Office Condo with Bay
For Sale
$373,000
1200 West Avenue Cu-7, Miami Beach, FL 33139
Loft-style workspace with polished concrete floors, exposed A/C ducts, and association-covered A/C and internet.
Property Size557 SF
Price / SF$669.66
Days on Market73
Property Features for 1200 West Avenue Cu-7
General Information
Standard status
Active
Size
557 SF
Amenities
bay front pool
jacuzzi
fully equipped gym
convenience store
concierge
Building Details
Year Built
1965
Listing Agency:
AV Capital Advisors, LLC.
Listed By:
Vanessa Gala · License #3257319
(786) 326-8655
Source:
Chenoregroup
Added: Aug 19
Changed: Oct 26
Last Checked: Oct 28 at 9:52AM
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 AV Capital Advisors, LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This private office condominium at Mirador North offers a modern loft-style interior with polished concrete flooring, exposed A/C ductwork, and expansive windows. The workspace receives abundant natural light and overlooks Biscayne Bay and the downtown skyline. The building dates to 1965, while association dues cover A/C and internet service. The seller has also paid the special assessment in full.
Mirador North provides a bayfront pool, jacuzzi, fully equipped gym, convenience store, and concierge service. The office is positioned along West Avenue in Miami Beach, within walking distance of Trader Joe’s, Whole Foods, Lincoln Road, Sunset Harbour, Oliver’s Bistro, and Joe & the Juice. Flamingo Park is nearby with an outdoor track, basketball courts, and green space. Ocean Drive and the beach are accessible by bicycle, while the MacArthur, Julia Tuttle, and Venetian causeways connect to downtown Miami, Brickell, and Miami International Airport.
Mirador North provides a bayfront pool, jacuzzi, fully equipped gym, convenience store, and concierge service. The office is positioned along West Avenue in Miami Beach, within walking distance of Trader Joe’s, Whole Foods, Lincoln Road, Sunset Harbour, Oliver’s Bistro, and Joe & the Juice. Flamingo Park is nearby with an outdoor track, basketball courts, and green space. Ocean Drive and the beach are accessible by bicycle, while the MacArthur, Julia Tuttle, and Venetian causeways connect to downtown Miami, Brickell, and Miami International Airport.
Key Highlights
- Private office condominium at Mirador North, 1200 West Avenue Cu‑7, Miami Beach, FL 33139
- Large windows provide direct Biscayne Bay and downtown skyline views
- Polished concrete floors and exposed A/C ducts create a modern loft‑style interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,763
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,260
$295.3K
Cap Rate 7%
$210,900
$210.9K
Cap Rate 9%
$164,033
$164.0K
Market Conditions
NOI Build-Up for 557 SF
Gross rent
$25.4K $45.60/SF
− Vacancy
−$5.7K −$10.26/SF
EGI
$19.7K $35.34/SF
− OpEx
−$4.9K −$8.84/SF
NOI
$14.8K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,260
Cap Rate 7%
$210,900
Cap Rate 9%
$164,033
Alternative Uses
Best Use
Office B
$210.9K
$184.5K – $246.1K
NOI $14,763 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.6K
$247.3K – $329.7K
NOI $19,781 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,734
Businesses Nearby
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
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 South region
Frequently Asked Questions
What type of property is this?
Office unit - Loft-style workspace with polished concrete floors, exposed A/C ducts, and association-covered A/C and internet.
Where is this office unit located?
The property is located at 1200 West Avenue Cu-7 Miami Beach, FL.
What is the asking price?
The asking price for this property is $373,000.
What are key features of this property?
This property features: Private office condominium at Mirador North, 1200 West Avenue Cu‑7, Miami Beach, FL 33139; Large windows provide direct Biscayne Bay and downtown skyline views; Polished concrete floors and exposed A/C ducts create a modern loft‑style interior
