Professional Office
For Sale
$265,000
14 NE 1 AVE UNIT 700Q, Miami, FL 33132
Secured access, elevator service, and transit connections support a flexible downtown business setting.
Property Size649 SF
Price / SF$408.32
Days on Market261
Property Features for 14 NE 1 AVE UNIT 700Q
General Information
Standard status
Active
Size
649 SF
Elevators
Yes
Property subtype
Office
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Asking Price
$260,000
Amenities
secured access
Building Details
Building Size
649 SF
Listing Agency:
Rise Realty
Listed By:
Keith Darby · License #3085829
(305) 720-7925
Source:
Batrare
Added: Jan 13
Changed: Sep 29
Last Checked: Sep 30 at 3:44PM
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 occupies Unit 700Q at 14 NE 1 Ave in Miami. The space is currently occupied by a nationally recognized branding and design firm and can support private offices, open workstations, or a collaborative team arrangement. Its configuration is suited to professional services, creative firms, consultants, and boutique operations.
The building provides secured entry and elevator service in a downtown setting surrounded by government offices, courts, banks, and major employers. Public transportation options include Metrorail, Metromover, and Brightline, while I-95 and Biscayne Boulevard provide regional connectivity. Downtown, Brickell, and Miami Worldcenter are within walking distance, with dining, retail, and parking options nearby.
The building provides secured entry and elevator service in a downtown setting surrounded by government offices, courts, banks, and major employers. Public transportation options include Metrorail, Metromover, and Brightline, while I-95 and Biscayne Boulevard provide regional connectivity. Downtown, Brickell, and Miami Worldcenter are within walking distance, with dining, retail, and parking options nearby.
Key Highlights
- 649 SF office unit at 14 NE 1 Ave, Unit 700Q, Miami
- Currently occupied by a nationally recognized branding and design firm
- Flexible layout for private offices, open workspace, or collaborative use
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
7.03%
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 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$438.1K
$383.3K – $511.1K
NOI $30,666 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
13,542
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
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Frequently Asked Questions
What type of property is this?
Office units - Secured access, elevator service, and transit connections support a flexible downtown business setting.
Where is this office units located?
The property is located at 14 NE 1 AVE UNIT 700Q Miami, FL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 649 SF office unit at 14 NE 1 Ave, Unit 700Q, Miami; Currently occupied by a nationally recognized branding and design firm; Flexible layout for private offices, open workspace, or collaborative use
