Downtown Miami Office
14 NE 1st Ave 800A, Miami, FL 33132
For Sale
$625,000
1,450 SF office suite in the heart of Downtown Miami.
Property Size1,484 SF
Price / SF$431.03
Days on Market246
Property Features for 14 NE 1st Ave 800A
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
BZG International, LLC
Listed By:
Uccio Zecchini · License FL #3219617
(305) 796-2271
Source:
Elliman
Added: Mar 10
Changed: Aug 24
Last Checked: Jul 22 at 3:41AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$41,597
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
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
$545,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Miami, FL
Properties on Market for Office Units in Miami
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - 1,450 SF office suite in the heart of Downtown Miami.
Where is this office unit 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.
