Totally Renovated Office
For Sale
Contact for pricing
14 NE 1st Ave #800 E/F/G/H, Miami, FL 33132
Renovated downtown office suite offering multiple private offices plus an open work and break area with kitchenette.
Property Size2,122 SF
Price / SF$374.65
Days on Market71
Property Features for 14 NE 1st Ave #800 E/F/G/H
General Information
Standard status
Active
Size
2,122 SF
Property subtype
Office, Multifamily
Zoning
6401
Building Details
Year Built
1952
Listing Agency:
Gambino Real Estate Corp.
(786) 281-5050
Listed By:
Gustavo Gambino · License #3096862
Source:
Crexi
Added: Jun 4
Changed: Aug 8
Last Checked: Aug 11 at 6:19PM
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.
Investment Insights
Based on property information with market context.
Totally renovated office suite at One Flagler Building with a bright, spacious interior. The layout includes 8 private offices, 1 open work area, and 1 break area with kitchenette. This configuration supports a range of professional uses that require both dedicated rooms and collaborative space.
The suite is located in the downtown Miami corridor between Miami World Center and Brickell City Center. It is within One Flagler Building, providing a centralized workplace option in a well-known commercial area of the city.
For tenants or buyers seeking a move-in-ready professional environment, the existing mix of offices and common work areas can help reduce the need for immediate internal reconfiguration. The renovated condition and established room count make it well-suited for teams that want private offices alongside an open area for day-to-day operations. For additional details, a floor plan and pictures are available in the attached offering materials.
The suite is located in the downtown Miami corridor between Miami World Center and Brickell City Center. It is within One Flagler Building, providing a centralized workplace option in a well-known commercial area of the city.
For tenants or buyers seeking a move-in-ready professional environment, the existing mix of offices and common work areas can help reduce the need for immediate internal reconfiguration. The renovated condition and established room count make it well-suited for teams that want private offices alongside an open area for day-to-day operations. For additional details, a floor plan and pictures are available in the attached offering materials.
Key Highlights
- Office at One Flagler Building in downtown Miami’s corridor between Miami World Center and Brickell City Center
- Totally renovated office suite
- Includes 8 private offices
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
$60,875
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
7.66%
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%
$1,217,500
$1.2M
Cap Rate 7%
$869,643
$869.6K
Cap Rate 9%
$676,389
$676.4K
Market Conditions
NOI Build-Up for 2,122 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
$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 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%
$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
NOI $60,875 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $100,265 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Renovated downtown office suite offering multiple private offices plus an open work and break area with kitchenette.
Where is this office units located?
The property is located at 14 NE 1st Ave #800 E/F/G/H Miami, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Office at One Flagler Building in downtown Miami’s corridor between Miami World Center and Brickell City Center; Totally renovated office suite; Includes 8 private offices
