Built-Out Office
For Sale
$625,000
14 NE 1st Avenue 800A, Miami, FL 33132
Flexible workspace combines private offices, an open plan, kitchenette, exposed ceilings, and expansive windows.
Property Size1,484 SF
Price / SF$421.16
Days on Market258
Property Features for 14 NE 1st Avenue 800A
General Information
Standard status
Active
Size
1,484 SF
Property subtype
Office
Additional Details
Office Units
1
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:
Silverleafrealtygroup
Added: Nov 28, 2025
Changed: Aug 12
Last Checked: Aug 12 at 4:41AM
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
Investment Insights
Based on property information with market context.
This 1,484-square-foot office suite occupies the One Flagler Building and offers a completed interior configured for professional use. The layout includes four private offices, a modern kitchenette, and open workspace beneath exposed ceilings. Floor-to-ceiling windows bring substantial natural light into the suite, balancing enclosed rooms with a more collaborative central area.
The property is located at 14 NE 1st Avenue in Downtown Miami, with Brickell, Biscayne Boulevard, and the Miami River nearby. One Flagler is a 1952 building, providing an established setting for a range of office users, including creative teams, professional services firms, and boutique companies.
The property is located at 14 NE 1st Avenue in Downtown Miami, with Brickell, Biscayne Boulevard, and the Miami River nearby. One Flagler is a 1952 building, providing an established setting for a range of office users, including creative teams, professional services firms, and boutique companies.
Key Highlights
- 1,484‑square‑foot office suite in the One Flagler Building
- Four private offices plus open workspace
- Modern kitchenette and 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
$42,572
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
6.81%
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%
$851,440
$851.4K
Cap Rate 7%
$608,171
$608.2K
Cap Rate 9%
$473,022
$473.0K
Market Conditions
NOI Build-Up for 1,484 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
$66.8K $45.00/SF
− Vacancy
−$10.0K −$6.75/SF
EGI
$56.8K $38.25/SF
− OpEx
−$14.2K −$9.56/SF
NOI
$42.6K $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%
$851,440
Cap Rate 7%
$608,171
Cap Rate 9%
$473,022
Alternative Uses
Best Use
Office B
$608.2K
$532.2K – $709.5K
NOI $42,572 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.00M
$876.5K – $1.17M
NOI $70,120 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
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 - Flexible workspace combines private offices, an open plan, kitchenette, exposed ceilings, and expansive windows.
Where is this office units located?
The property is located at 14 NE 1st Avenue 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: 1,484‑square‑foot office suite in the One Flagler Building; Four private offices plus open workspace; Modern kitchenette and exposed ceilings
