Office Condo in Bank
For Sale
$2,400,000
150 SE 2nd Ave # 103, Miami, FL 33131
Professional office condo with an open workspace and private office in a downtown bank building setting.
Property Size3,492 SF
Days on Market630
Property Features for 150 SE 2nd Ave # 103
General Information
Standard status
Active
Size
3,492 SF
Property subtype
Retail
Site & Location
Neighborhood
Cbd
Highway Access
Yes
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$29,190
Building Details
Building Size
3,492 SF
Year Built
1967
Listing Agency:
Synergy Realty Advisors
Listed By:
Giovanni Vasquez · License #3333058
(786) 202-3303
Source:
Marcelosteinmander
Added: Feb 1, 2025
Changed: Oct 16
Last Checked: Oct 23 at 2:36PM
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 Synergy Realty Advisors
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Investment Insights
Based on property information with market context.
This office condo is located within the Chase Bank Building and is configured for professional use. Unit 208 includes an expansive open workspace along with a dedicated private office, providing flexibility for teams that need a shared work area with a separate room for focused meetings or leadership. The layout supports day-to-day office operations for a variety of professional service users.
The property is positioned in downtown Miami with convenient access to major business destinations. The immediate area includes Brickell and the Courthouse District, and it is described as being near Whole Foods, dining, hotels, and the Metromover. Major highways including I-95 are noted as being in close proximity, supporting convenient client and employee travel.
For an owner-user or investor, this unit offers a straightforward office setup suitable for professional practices and office-based firms. The combination of open and private space can accommodate consulting, legal, real estate groups, creative services, or other service organizations that benefit from a central business address and a clean, professional working environment within a banking facility.
The property is positioned in downtown Miami with convenient access to major business destinations. The immediate area includes Brickell and the Courthouse District, and it is described as being near Whole Foods, dining, hotels, and the Metromover. Major highways including I-95 are noted as being in close proximity, supporting convenient client and employee travel.
For an owner-user or investor, this unit offers a straightforward office setup suitable for professional practices and office-based firms. The combination of open and private space can accommodate consulting, legal, real estate groups, creative services, or other service organizations that benefit from a central business address and a clean, professional working environment within a banking facility.
Key Highlights
- Professional office condo in a downtown Miami bank building
- Versatile layout with expansive open workspace plus a private office
- Central Air cooling and Heating system (3)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,177
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,003,540
$2.0M
Cap Rate 7%
$1,431,100
$1.4M
Cap Rate 9%
$1,113,078
$1.1M
Market Conditions
NOI Build-Up for 3,492 SF
Gross rent
$157.1K $45.00/SF
− Vacancy
−$23.6K −$6.75/SF
EGI
$133.6K $38.25/SF
− OpEx
−$33.4K −$9.56/SF
NOI
$100.2K $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%
$2,003,540
Cap Rate 7%
$1,431,100
Cap Rate 9%
$1,113,078
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.67M
NOI $100,177 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.36M
$2.06M – $2.75M
NOI $164,999 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
15,904
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Professional office condo with an open workspace and private office in a downtown bank building setting.
Where is this office unit located?
The property is located at 150 SE 2nd Ave # 103 Miami, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Professional office condo in a downtown Miami bank building; Versatile layout with expansive open workspace plus a private office; Central Air cooling and Heating system (3)
