Professional Office
For Sale
$260,000
14 NE 1 Ave Unit 700q Miami, Miami, FL 33132
Modern office layout with secured building access, elevator service, and flexible private or open workspace configurations.
Property Size649 SF
Price / SF$400.62
Days on Market48
Property Features for 14 NE 1 Ave Unit 700q Miami
General Information
Standard status
Active
Size
649 SF
Elevators
Yes
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Asking Price
$260,000
Amenities
secured access
Building Details
Owner Occupied
No
Abandoned
No
Listing Agency:
Rise Realty
Listed By:
Keith Darby · License #3085829
(305) 720-7925
Source:
Mymiahomes
Added: Jul 30
Changed: Aug 31
Last Checked: Sep 14 at 1:49PM
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 Rise Realty
Investment Insights
Based on property information with market context.
This 649 SF office unit is located at 14 NE 1st Ave, Unit 700Q, within a well-maintained professional office building. The space has a clean, modern layout that can accommodate private offices, open workspace, or a collaborative team configuration. It is currently occupied by a branding and design firm, demonstrating an established office use.
Building features include secured access and elevator service. The property is near government offices, courts, banks, major employers, dining, retail, and parking options. Public transportation access includes Metrorail, Metromover, and Brightline, with convenient access to I-95 and Biscayne Boulevard. The unit is also walkable to Downtown, Brickell, and Miami Worldcenter.
Building features include secured access and elevator service. The property is near government offices, courts, banks, major employers, dining, retail, and parking options. Public transportation access includes Metrorail, Metromover, and Brightline, with convenient access to I-95 and Biscayne Boulevard. The unit is also walkable to Downtown, Brickell, and Miami Worldcenter.
Key Highlights
- 649 SF office unit at 14 NE 1st Ave, Unit 700Q
- Clean, modern layout for private offices, open workspace, or collaborative use
- Located in a well‑maintained professional office building
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
$18,618
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
7.16%
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%
$372,360
$372.4K
Cap Rate 7%
$265,971
$266.0K
Cap Rate 9%
$206,867
$206.9K
Market Conditions
NOI Build-Up for 649 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
$29.2K $45.00/SF
− Vacancy
−$4.4K −$6.75/SF
EGI
$24.8K $38.25/SF
− OpEx
−$6.2K −$9.56/SF
NOI
$18.6K $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 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%
$372,360
Cap Rate 7%
$265,971
Cap Rate 9%
$206,867
Alternative Uses
Best Use
Office B
$266.0K
$232.7K – $310.3K
NOI $18,618 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$438.1K
$383.3K – $511.1K
NOI $30,666 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
13,901
Businesses Nearby
Explore this area
Business Placement
Demographics for 33132, FL
18,159
Population
12,725
Households
1.4
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
12,106
Density / Sq Mi
$109,505
Median Household Income
$71,509
Median Earnings
$2,534
Median Rent
$545,100
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Modern office layout with secured building access, elevator service, and flexible private or open workspace configurations.
Where is this office units located?
The property is located at 14 NE 1 Ave Unit 700q Miami Miami, FL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 649 SF office unit at 14 NE 1st Ave, Unit 700Q; Clean, modern layout for private offices, open workspace, or collaborative use; Located in a well‑maintained professional office building
