Elevator-Served Office
For Sale
$260,000
14 NE 1 AVE, Miami, FL 33132
Commercial Sale, FL
Property Size649 SF
Lot Size0.01 Acres
Price / SF$400.62
Days on Market221
Property Features for 14 NE 1 AVE
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
6401
Subdivision
41
Standard status
Active
Lot size
0.01 Acres
Amenities
secured access
Building Details
Number of units
1
Listing Agency:
Rise Realty
(305) 859-1606
Listed By:
Keith Darby · License #3085829
(305) 720-7925
Added: Jan 16
Changed: Aug 21
Last Checked: Aug 25 at 10:06AM
MLS# A11944887
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Unit 700Q provides 649 SF within a professional office building at 14 NE 1st Ave in Downtown Miami. The space is currently occupied by a branding and design firm and can accommodate private offices, open work areas, or a collaborative team arrangement. Building features include secured access and elevator service.
The property is positioned near government offices, courts, banks, and major employers, with access to Metrorail, Metromover, and Brightline. I-95 and Biscayne Boulevard are also nearby, while Downtown, Brickell, and Miami Worldcenter are described as walkable destinations. Dining, retail, and parking options are available in the surrounding area.
The property is positioned near government offices, courts, banks, and major employers, with access to Metrorail, Metromover, and Brightline. I-95 and Biscayne Boulevard are also nearby, while Downtown, Brickell, and Miami Worldcenter are described as walkable destinations. Dining, retail, and parking options are available in the surrounding area.
Key Highlights
- 649 SF office unit at 14 NE 1st Ave, Unit 700Q
- Secured building access and elevator service
- Layout supports 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
7.16%
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
Property Profile
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
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Professional workspace with secured entry and adaptable private, open, or collaborative office configurations.
Where is this office units located?
The property is located at 14 NE 1 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 unit at 14 NE 1st Ave, Unit 700Q; Secured building access and elevator service; Layout supports private offices, open workspace, or collaborative use
