14 NE 1st Ave Unit 800 E/F/G/H, Miami, FL 33132

Building Details

Building Size 2,122 SF More

Year Built 1952 More

Listing Agency: Gambino Real Estate Corp.

Listed By: Gustavo Gambino · License FL #3096862 Show Phone

Source: Allyandaj

Added: Jun 4 Changed: Nov 4 Last Checked: Nov 8 at 2:54PM

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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.

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Investment Insights

Based on property information with market context.

This 2,122-square-foot office unit at One Flagler Building was built in 1952 and has undergone a complete renovation. The layout includes eight individual offices, an open work area, and a separate break area with a kitchenette, providing a mix of enclosed and collaborative workspace within the suite.

The property is located at 14 NE 1st Ave in Miami, in the corridor between Miami World Center and Brickell City Center. Unit 800 E/F/G/H offers a defined office configuration with existing improvements that support a range of professional workplace arrangements.

Key Highlights

• 2,122‑square‑foot office unit at One Flagler Building
• Complete renovation with eight private offices
• Open work area supports collaborative workspace

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,875

Cap Rate

7.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,217,500 $1.2M

Cap Rate 7%

$869,643 $869.6K

Cap Rate 9%

$676,389 $676.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,122 SF

Gross rent

$95.5K $45.00/SF

− Vacancy

−$14.3K −$6.75/SF

EGI

$81.2K $38.25/SF

− OpEx

−$20.3K −$9.56/SF

NOI

$60.9K $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%

$1,217,500

Cap Rate 7%

$869,643

Cap Rate 9%

$676,389

Alternative Uses

Best Use

Office B

$869.6K

$760.9K – $1.01M (±1% cap)

NOI $60,875 @ 7.0% cap · market cap 7.85%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $100,265 @ 7.0% cap · market cap 12.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Vid Music Group Music Venue Credit Glory Credit ... Financial Advisor Puerto Viejo Wines, ... Importer Psyche Inspirational, LLC Physician Dr. Ivette J. ... Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Butcher Veterinary Clinic Pet Grooming Service Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Average Price Trend$/SF for Office Units in Miami, FL

$317 Jul

$291 Aug

$278 Sep

$252 Oct

Properties on Market for Office Units in Miami

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Miami, FL

12.4% 2019

16.3% 2020

17% 2021

16.1% 2022

15% 2023

16.1% 2024

15.2% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Updated suite with private offices, open workspace, and a kitchenette.

Where is this office unit located?

The property is located at 14 NE 1st Ave Unit 800 E/F/G/H Miami, FL.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: 2,122‑square‑foot office unit at One Flagler Building; Complete renovation with eight private offices; Open work area supports collaborative workspace