Remodeled Office
For Sale
$800,000
14 NE 1st Ave, Miami, FL 33132
Commercial Sale, Miami, FL
Property Size2,114 SF
Lot Size0.29 Acres
Price / SF$378.43
Days on Market95
Property Features for 14 NE 1st Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6401
Directions
I-95 take exit 2C to Downtown Miami Ave. Turn left on 1st. Cross Flagler St, and the building is on the left side. I 95 N take exit 2A then on the Miami Ave exit. Right on S Miami Ave. Left on S 3rd St. and left at 1st Ave. Cross Flagler St
Subdivision
41
Standard status
Active
APN
01-41-37-074-1730
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Units 1100-P, 1100-O, & 1100-Q of One Flagler Condo, according to Decl of Condo recorded in O.R. Book 29770, Page 0303, & all exhibits there
Tax Annual Amount
11500
HOA Fee
$1,896 Monthly
Legal Description
Units 1100-P, 1100-O, & 1100-Q of One Flagler Condo, according to Decl of Condo recorded in O.R. Book 29770, Page 0303, & all exhibits there
Amenities
Silver LEED Certified
National Registry of Historic Building
state-of-the-art connectivity
Building Details
Year built
1952
Number of units
3
Listing Agency:
Compass Florida, LLC
(305) 851-2820
Listed By:
Gabriela DeMelo · License #3271766
(305) 432-7816
Added: Jul 3
Changed: Oct 2
Last Checked: Oct 5 at 2:06PM
MLS# A12038052
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.
This 2,114-square-foot office unit has been remodeled and includes a reception area, six private offices, and open office space. The configuration combines enclosed work areas with a shared workspace within a professionally oriented commercial building.
The building was designed by Morris Lapidus and carries Silver LEED Certification. It is also designated to the National Registry of Historic Building. The property is positioned in Downtown Miami near the intersection of Flagler Street and NE 1st Avenue, with access to Miami International Airport and the Port of Miami.
The building was designed by Morris Lapidus and carries Silver LEED Certification. It is also designated to the National Registry of Historic Building. The property is positioned in Downtown Miami near the intersection of Flagler Street and NE 1st Avenue, with access to Miami International Airport and the Port of Miami.
Key Highlights
- 2,114‑square‑foot remodeled office unit
- Reception area, 6 private offices, and open office space
- Building designed by Morris Lapidus
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,645
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,900
$1.2M
Cap Rate 7%
$866,357
$866.4K
Cap Rate 9%
$673,833
$673.8K
Market Conditions
NOI Build-Up for 2,114 SF
Gross rent
$95.1K $45.00/SF
− Vacancy
−$14.3K −$6.75/SF
EGI
$80.9K $38.25/SF
− OpEx
−$20.2K −$9.56/SF
NOI
$60.6K $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 Rate 5%
$1,212,900
Cap Rate 7%
$866,357
Cap Rate 9%
$673,833
Alternative Uses
Best Use
Office B
$866.4K
$758.1K – $1.01M
NOI $60,645 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.66M
NOI $99,887 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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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 - Six private offices, reception space, and an open work area support a flexible professional layout.
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 $800,000.
What are key features of this property?
This property features: 2,114‑square‑foot remodeled office unit; Reception area, 6 private offices, and open office space; Building designed by Morris Lapidus
