1110 Brickell Ave 515 Miami, FL 33131
Turn-key 2,501 SF office condo in Miami's financial district.
Property Features for 1110 Brickell Ave 515
General Information
- Standard status
- Active
- Size
- 2,501 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1971
Listing office RE/MAX 360 Real Estate (305) 772-8513
Listing date Apr 18, 2025
Source Exitrealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Premier Brickell Avenue location in the heart of Miami's financial district.
- Turn‑key, Class A office condo with 2,501 SF of space.
- Functional layout with private offices, conference rooms, and open workstation areas.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.5k | $45.00 |
| − Vacancy | −$16.9k | −$6.75 |
| EGI | $95.7k | $38.25 |
| − OpEx | −$23.9k | −$9.56 |
| NOI | $71.7k | $28.69 |