Remodeled Office
New
For Sale
Contact for pricing
14 NE 1st Avenue #1100P, Miami, FL 33132
A reception area, five private offices, and open work area create a flexible office configuration.
Property Size150,000 SF
Price / SF$0.00
Days on Market6
Property Features for 14 NE 1st Avenue #1100P
General Information
Standard status
Active
Size
150,000 SF
Property subtype
Office
Amenities
state-of-the-art connectivity
Building Details
Year Built
1952
Listing Agency:
Compass Florida, LLC
(305) 851-2820
Listed By:
Gabriela G DeMelo · License #3271766
(305) 432-7816
Source:
Lehmannflorida
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 20 at 7:01PM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This 2,114-square-foot office unit in The One Office Building has been remodeled. Its layout includes a reception area, five private offices, and open office space. The building, completed in 1952, carries Silver LEED Certification and is listed on the National Register of Historic Places. Miami architect Morris Lapidus designed the property.
At Flagler Street and NE 1st Avenue in Downtown Miami, the building is surrounded by business, retail, and entertainment uses. Access to Miami International Airport and PortMiami is also noted. The office is offered for sale.
At Flagler Street and NE 1st Avenue in Downtown Miami, the building is surrounded by business, retail, and entertainment uses. Access to Miami International Airport and PortMiami is also noted. The office is offered for sale.
Key Highlights
- 2,114‑square‑foot office unit with reception, five private offices, and open office area
- Remodeled office interior
- The One Office Building was completed in 1952 and designed by Morris Lapidus
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,303,125
Suggested Prices Based on Cap Rates
Cap Rate 5%
$86,062,500
$86.1M
Cap Rate 7%
$61,473,214
$61.5M
Cap Rate 9%
$47,812,500
$47.8M
Market Conditions
NOI Build-Up for 150,000 SF
Gross rent
$6.75M $45.00/SF
− Vacancy
−$1.01M −$6.75/SF
EGI
$5.74M $38.25/SF
− OpEx
−$1.43M −$9.56/SF
NOI
$4.30M $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%
$86,062,500
Cap Rate 7%
$61,473,214
Cap Rate 9%
$47,812,500
Alternative Uses
Best Use
Office B
$61.47M
$53.79M – $71.72M
NOI $4,303,125 @ 7.0% cap · market cap 11,324,013.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$101.25M
$88.59M – $118.13M
NOI $7,087,568 @ 7.0% cap · market cap 18,651,494.74%
Zoning and permitted uses should be independently verified with authorities.
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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
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, five private offices, and open work area create a flexible office configuration.
Where is this office unit located?
The property is located at 14 NE 1st Avenue #1100P Miami, FL.
What are key features of this property?
This property features: 2,114‑square‑foot office unit with reception, five private offices, and open office area; Remodeled office interior; The One Office Building was completed in 1952 and designed by Morris Lapidus
