Furnished Corner Office
New
For Sale
$995,000
14 NE 1st Ave #700 E/F/G, Miami, FL 33132
The suite includes private work areas, a kitchen, and access to shared meeting rooms and reception services.
Property Size2,227 SF
Price / SF$446.79
Days on Market4
Property Features for 14 NE 1st Ave #700 E/F/G
General Information
Standard status
Active
Size
2,227 SF
Property subtype
Commercial
Zoning
6401
Site & Location
Neighborhood
Cbd
Additional Details
Furnished
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$5,433
Amenities
reception desk
valet parking
meeting rooms
management office on site
Building Details
Building Size
2,227 SF
Year Built
1952
Listing Agency:
Gambino Real Estate Corp.
Listed By:
Gustavo Gambino · License #3096862
(786) 281-5050
Source:
Futureoptionrealty
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 4:11AM
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 Gambino Real Estate Corp.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,227 sqft corner office unit is furnished and features windows that bring natural light into the workspace. Porcelain flooring, updated light fixtures, private offices and telecom booths, and a kitchen area complete the interior. The building was constructed in 1952.
Building services include a reception desk, valet parking, meeting rooms, and an on-site management office.
Building services include a reception desk, valet parking, meeting rooms, and an on-site management office.
Key Highlights
- 2,227 sqft corner office unit
- Furnished workspace with porcelain floors and enhanced light fixtures
- Private offices and telecom booths, plus a kitchen area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,887
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,740
$1.3M
Cap Rate 7%
$912,671
$912.7K
Cap Rate 9%
$709,856
$709.9K
Market Conditions
NOI Build-Up for 2,227 SF
Gross rent
$100.2K $45.00/SF
− Vacancy
−$15.0K −$6.75/SF
EGI
$85.2K $38.25/SF
− OpEx
−$21.3K −$9.56/SF
NOI
$63.9K $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%
$1,277,740
Cap Rate 7%
$912,671
Cap Rate 9%
$709,856
Alternative Uses
Best Use
Office B
$912.7K
$798.6K – $1.06M
NOI $63,887 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.50M
$1.32M – $1.75M
NOI $105,227 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes private work areas, a kitchen, and access to shared meeting rooms and reception services.
Where is this office unit located?
The property is located at 14 NE 1st Ave #700 E/F/G Miami, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 2,227 sqft corner office unit; Furnished workspace with porcelain floors and enhanced light fixtures; Private offices and telecom booths, plus a kitchen area
