Move-In Ready Office
1200 Brickell Avenue #505B Miami, FL 33131
For Sale
$949,000
Updated office suite with private offices, reception, conference room, and kitchenette in a professional Brickell setting.
Property Size2,146 SF
Price / SF$442.22
Days on Market22
Property Features for 1200 Brickell Avenue #505B
General Information
Standard status
Active
Size
2,146 SF
Building Details
Year Built
1982
Listing Agency:
BHHS EWM Realty
(773) 208-2992
Listed By:
Barbara Gretsch · License #3643446
(773) 208-2992
Source:
Laerrealty
Added: Jul 6
Changed: Jul 10
Last Checked: Jul 27 at 2:42AM
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 BHHS EWM Realty
Investment Insights
Based on property information with market context.
This move-in ready office suite offers a functional, efficient layout designed for day-to-day operations. The space includes four private offices, a reception area, a conference room, a printer/copy room, and a kitchenette, providing a practical mix of client-facing and internal work areas. The suite is presented as ready for immediate use, supporting both owner-users and investors looking for usable office space without added ramp-up time.
The property is located within 1200 Brickell Avenue in the Brickell district of Miami. The suite enjoys an outlook toward a planned landscaped garden pavilion and the Ora by Casa Tua development, contributing to a more open view from the office.
For tenants and buyers seeking a turnkey office, the combination of private offices and shared functions like reception and conference supports a broad range of professional services. Its established configuration makes it well-suited for organizations that need dedicated rooms for leadership, meetings, and administrative support, while maintaining an approachable front-of-house entry through the reception area.
The property is located within 1200 Brickell Avenue in the Brickell district of Miami. The suite enjoys an outlook toward a planned landscaped garden pavilion and the Ora by Casa Tua development, contributing to a more open view from the office.
For tenants and buyers seeking a turnkey office, the combination of private offices and shared functions like reception and conference supports a broad range of professional services. Its established configuration makes it well-suited for organizations that need dedicated rooms for leadership, meetings, and administrative support, while maintaining an approachable front-of-house entry through the reception area.
Key Highlights
- 2,146 SF office suite with a functional layout for immediate occupancy
- Features four private offices plus reception area and a conference room
- Includes printer/copy room and kitchenette
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 | $96.6k | $45.00 |
| − Vacancy | −$14.5k | −$6.75 |
| EGI | $82.1k | $38.25 |
| − OpEx | −$20.5k | −$9.56 |
| NOI | $61.6k | $28.69 |
2,146 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$879.5K
$769.5K – $1.03M
NOI $61,563 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,399 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Updated office suite with private offices, reception, conference room, and kitchenette in a professional Brickell setting.
Where is this office units located?
The property is located at 1200 Brickell Avenue #505B Miami, FL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 2,146 SF office suite with a functional layout for immediate occupancy; Features four private offices plus reception area and a conference room; Includes printer/copy room and kitchenette
