Downtown Miami Office
For Sale
$625,000
14 NE 1st Ave 800A, Miami, FL 33132
1,450 SF office suite in the heart of Downtown Miami.
Property Size1,484 SF
Price / SF$431.03
Days on Market156
Property Features for 14 NE 1st Ave 800A
General Information
Standard status
Active
Size
1,484 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,231
Building Details
Building Size
1,484 SF
Year Built
1952
Listing Agency:
BZG International, LLC
(305) 796-2271
Listed By:
Uccio Zecchini · License #3219617
(305) 796-2271
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 12:13PM
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 BZG International, LLC
Investment Insights
Based on property information with market context.
Located in Downtown Miami, this 1,450-square-foot office suite is situated in One Flagler Building. The space is fully built-out and features four private offices, a modern kitchenette, and an open layout with exposed ceilings. Floor-to-ceiling windows provide natural light. The property is suitable for creative teams, professional services, or boutique firms. It is located steps away from Brickell, Biscayne Boulevard, and the Miami River.
Key Highlights
- Prime Downtown Miami location in the iconic One Flagler Building.
- Fully built‑out 1,450‑square‑foot office suite with four private offices.
- Modern kitchenette and open layout with exposed ceilings.
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
$41,597
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
6.66%
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%
$831,940
$831.9K
Cap Rate 7%
$594,243
$594.2K
Cap Rate 9%
$462,189
$462.2K
Market Conditions
NOI Build-Up for 1,450 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
$65.3K $45.00/SF
− Vacancy
−$9.8K −$6.75/SF
EGI
$55.5K $38.25/SF
− OpEx
−$13.9K −$9.56/SF
NOI
$41.6K $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%
$831,940
Cap Rate 7%
$594,243
Cap Rate 9%
$462,189
Alternative Uses
Best Use
Office B
$594.2K
$520.0K – $693.3K
NOI $41,597 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$978.8K
$856.4K – $1.14M
NOI $68,513 @ 7.0% cap · market cap 10.96%
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 - 1,450 SF office suite in the heart of Downtown Miami.
Where is this office units located?
The property is located at 14 NE 1st Ave 800A Miami, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Prime Downtown Miami location in the iconic One Flagler Building.; Fully built‑out 1,450‑square‑foot office suite with four private offices.; Modern kitchenette and open layout with exposed ceilings.
