Bay-View Office
For Sale
$370,000
1200 West Avenue #CU-7, Miami Beach, FL 33139
Polished concrete floors and exposed air-conditioning ducts define the workspace’s loft-style interior.
Property Size557 SF
Price / SF$664.27
Days on Market30
Property Features for 1200 West Avenue #CU-7
General Information
Standard status
Active
Size
557 SF
Property subtype
Office
Amenities
BAY FRONT POOL
JACUZZI
FULLY EQUIPPED GYM
CONVENIENCE STORE
CONCIERGE
Building Details
Year Built
1965
Listing Agency:
AV Capital Advisors, LLC.
(305) 281-1512
Listed By:
Vanessa Gala · License #3257319
(786) 326-8655
Source:
Lehmannflorida
Added: Sep 21
Changed: Oct 19
Last Checked: Oct 19 at 2:33PM
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 AV Capital Advisors, LLC.
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Investment Insights
Based on property information with market context.
This private office condominium at Mirador North features large windows with direct views of Biscayne Bay and the downtown Miami skyline. Its interior combines polished concrete flooring with exposed air-conditioning ducts for a modern, loft-inspired workspace. Building association dues include air-conditioning and internet service.
Mirador North provides a bayfront pool, jacuzzi, equipped gym, convenience store, and concierge. The property is on West Avenue in Miami Beach, within walking distance of Trader Joe’s, Whole Foods, Lincoln Road, Sunset Harbour, and Flamingo Park. Ocean Drive and the beach are accessible by bike, while the MacArthur, Julia Tuttle, and Venetian causeways connect to downtown Miami, Brickell, and Miami International Airport.
Mirador North provides a bayfront pool, jacuzzi, equipped gym, convenience store, and concierge. The property is on West Avenue in Miami Beach, within walking distance of Trader Joe’s, Whole Foods, Lincoln Road, Sunset Harbour, and Flamingo Park. Ocean Drive and the beach are accessible by bike, 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
- Large windows with direct Biscayne Bay and downtown skyline views
- Association dues include air‑conditioning and internet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,763
Cap Rate
3.99%
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 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.6K
$247.3K – $329.7K
NOI $19,781 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Polished concrete floors and exposed air-conditioning ducts define the workspace’s loft-style interior.
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 $370,000.
What are key features of this property?
This property features: Private office condominium at Mirador North; Large windows with direct Biscayne Bay and downtown skyline views; Association dues include air‑conditioning and internet
