Turnkey Office
For Sale
Contact for pricing
14 NE 1st Ave, Miami, FL 33132
Secured-access office suite with elevator service, near Metrorail, Metromover, and Brightline in Downtown Miami.
Property Size649 SF
Price / SF$400.62
Days on Market160
Property Features for 14 NE 1st Ave
General Information
Standard status
Active
Size
649 SF
Elevators
Yes
Property subtype
OFFICE
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Asking Price
$260,000
Amenities
secured access
Building Details
Owner Occupied
No
Listing Agency:
Rise Realty
(305) 859-1606
Listed By:
Keith Alan Darby · License #3085829
(305) 720-7925
Source:
Moodyscre
Added: Apr 9
Changed: Sep 2
Last Checked: Sep 14 at 9:05AM
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.
Turnkey office suite available in a well-maintained professional building at 14 NE 1st Ave, Unit 700Q. The space is 649 SF and includes a clean, modern layout designed to support private office use, open workspace, or collaborative team setups. Secured access and elevator service are provided within the building.
The suite is positioned in Downtown Miami among government offices, courts, banks, and major employers. It also offers proximity to public transportation, including Metrorail, Metromover, and Brightline, with easy access to I-95 and Biscayne Boulevard. The property is walkable to Downtown, Brickell, and Miami Worldcenter.
The configuration is suitable for professional services, creative firms, consultants, or boutique operations seeking a central office address, whether for an owner-user or for a tenant-oriented investment strategy.
The suite is positioned in Downtown Miami among government offices, courts, banks, and major employers. It also offers proximity to public transportation, including Metrorail, Metromover, and Brightline, with easy access to I-95 and Biscayne Boulevard. The property is walkable to Downtown, Brickell, and Miami Worldcenter.
The configuration is suitable for professional services, creative firms, consultants, or boutique operations seeking a central office address, whether for an owner-user or for a tenant-oriented investment strategy.
Key Highlights
- 649 SF office suite, Unit 700Q
- Turnkey, clean and modern layout supporting private office and open workspace
- Secured access and elevator service in the 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
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Yes
Paved road 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
View Realmo Analytics
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 office suite with elevator service, near Metrorail, Metromover, and Brightline in Downtown Miami.
Where is this office units located?
The property is located at 14 NE 1st Ave 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 suite, Unit 700Q; Turnkey, clean and modern layout supporting private office and open workspace; Secured access and elevator service in the professional office building
