Renovated Office Building with
14 NE 1st Ave 600a Miami, FL 33132
New
14 NE 1st Ave 600a, Miami, FL, 33132
$1,790,000
For Sale
$1,790,000
Fully renovated office building offers 24-hour security, conference rooms, and shared lounge space.
Property Size4,809 SF
Price / SF$372.22
Days on Market2
Property Features for 14 NE 1st Ave 600a
General Information
- Standard status
- Active
- Size
- 4,809 SF
Building Details
- Year Built
- 1952
Listing agency
Fortune Christie's International Real Estate
(954) 258-9493
Listed by
Eduardo Citcioglu · License #3148740
Source
Mymiahomes
Added: Jul 20 Updated: Jul 21 at 9:44AM Checked: Jul 21 at 9:44AM
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 Fortune Christie's International Real Estate
Investment Insights
Based on property information with market context.
This fully renovated office building is associated with renowned architect Morris Lapidus and includes amenities such as 24-hour security, valet parking, conference rooms, and lounge space with a juice bar. The property has been awarded silver LEED certification and is designated to the National Registry of Historic Buildings.
The building is located one block from the courthouse and within walking distance of Bayside, Whole Foods, and two Metro Mover stations. It is also positioned about five blocks from the Brickell Financial District and a few minutes from MIA International Airport.
The asset is offered for sale as an office-focused property with shared features intended to support day-to-day work needs and building operations.
The building is located one block from the courthouse and within walking distance of Bayside, Whole Foods, and two Metro Mover stations. It is also positioned about five blocks from the Brickell Financial District and a few minutes from MIA International Airport.
The asset is offered for sale as an office-focused property with shared features intended to support day-to-day work needs and building operations.
Key Highlights
- Office building originally built in 1952, fully renovated.
- Designed by Morris Lapidus, located one block from the courthouse.
- Walking distance to Bayside, Whole Foods, and 2 Metro Mover stations.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.4k | $45.00 |
| − Vacancy | −$32.5k | −$6.75 |
| EGI | $183.9k | $38.25 |
| − OpEx | −$46.0k | −$9.56 |
| NOI | $138.0k | $28.69 |
4,809 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.97M
$1.72M – $2.30M
NOI $137,958 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.25M
$2.84M – $3.79M
NOI $227,227 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Vid Music Group
Music Venue
Credit Glory Credit ...
Financial Advisor
Puerto Viejo Wines, ...
Importer
Psyche Inspirational, LLC
Physician
Dr. Ivette J. ...
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Fully renovated office building offers 24-hour security, conference rooms, and shared lounge space.
Where is this office units located?
The property is located at 14 NE 1st Ave 600a Miami, FL.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Office building originally built in 1952, fully renovated.; Designed by Morris Lapidus, located one block from the courthouse.; Walking distance to Bayside, Whole Foods, and 2 Metro Mover stations.
