Residential Income Property with
For Sale
$425,000
1250 South Miami Avenue, Miami, FL 33130
One-bedroom condominium with an open floor plan, pool and city outlooks, and access to extensive resident amenities.
Property Size860 SF
Days on Market198
Property Features for 1250 South Miami Avenue
General Information
Standard status
Active
Size
860 SF
Property subtype
MultiFamily Apartments
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
pool
fitness center
24-hour concierge
valet parking
Building Details
Building Size
860 SF
Listing Agency:
TIR Prime Properties
Listed By:
Mariano Saal · License #0705607
(305) 944-5900
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 5:34PM
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 TIR Prime Properties
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium at Vue at Brickell features an open interior arrangement, abundant daylight, and a private balcony overlooking the pool and city. The kitchen includes contemporary cabinetry and substantial storage. Building amenities include a resort-style pool, fitness center, 24-hour concierge service, and valet parking.
The property is located at 1250 South Miami Avenue in Miami, near Brickell City Centre, Mary Brickell Village, restaurants, cafés, shops, and public transportation. Brickell Metrorail and Metromover connections provide access throughout the area, while Downtown Miami, Key Biscayne, and Miami Beach are within a short drive.
The property is located at 1250 South Miami Avenue in Miami, near Brickell City Centre, Mary Brickell Village, restaurants, cafés, shops, and public transportation. Brickell Metrorail and Metromover connections provide access throughout the area, while Downtown Miami, Key Biscayne, and Miami Beach are within a short drive.
Key Highlights
- One‑bedroom, one‑bath condominium at Vue at Brickell
- Private balcony with pool and city views
- Open layout with abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,887
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$317,740
$317.7K
Cap Rate 7%
$226,957
$227.0K
Cap Rate 9%
$176,522
$176.5K
Market Conditions
NOI Build-Up for 860 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.0K $36.00/SF
− Vacancy
−$2.1K −$2.41/SF
EGI
$28.9K $33.59/SF
− OpEx
−$13.0K −$15.11/SF
NOI
$15.9K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$317,740
Cap Rate 7%
$226,957
Cap Rate 9%
$176,522
Alternative Uses
Best Use
Apartment 5plus
$227.0K
$198.6K – $264.8K
NOI $15,887 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$580.5K
$507.9K – $677.3K
NOI $40,635 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
13,007
Businesses Nearby
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condominium with an open floor plan, pool and city outlooks, and access to extensive resident amenities.
Where is this residential income property located?
The property is located at 1250 South Miami Avenue Miami, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium at Vue at Brickell; Private balcony with pool and city views; Open layout with abundant natural light
