Built-Out Office
For Sale
$595,000
14 NE 1st Avenue 800a, Miami, FL 33132
Four private offices, a kitchenette, and an open work area support a range of professional office uses.
Property Size1,484 SF
Price / SF$400.94
Days on Market52
Property Features for 14 NE 1st Avenue 800a
General Information
Standard status
Active
Size
1,484 SF
Building Details
Year Built
1952
Listing Agency:
BZG International, LLC
Listed By:
Uccio Zecchini · License #3219617
(305) 796-2271
Source:
Thepennteam
Added: Aug 19
Changed: Oct 5
Last Checked: Oct 7 at 1:57PM
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 unit occupies space in the One Flagler Building and is delivered with a completed interior build-out. The suite includes four private offices, a modern kitchenette, and an open-plan area with exposed ceilings. Floor-to-ceiling windows bring substantial natural light into the workspace, complementing its contemporary office design.
The property is at 14 NE 1st Ave 800a in Downtown Miami, with Brickell, Biscayne Boulevard, and the Miami River described as nearby. One Flagler Building was constructed in 1952, providing a recognized setting for professional services, creative teams, and boutique firms.
The property is at 14 NE 1st Ave 800a in Downtown Miami, with Brickell, Biscayne Boulevard, and the Miami River described as nearby. One Flagler Building was constructed in 1952, providing a recognized setting for professional services, creative teams, and boutique firms.
Key Highlights
- 1,484‑square‑foot office unit in the One Flagler Building
- Four private offices and a modern kitchenette
- Open layout with exposed ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,572
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
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
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 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 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.00M
$876.5K – $1.17M
NOI $70,120 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Four private offices, a kitchenette, and an open work area support a range of professional office uses.
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 $595,000.
What are key features of this property?
This property features: 1,484‑square‑foot office unit in the One Flagler Building; Four private offices and a modern kitchenette; Open layout with exposed ceilings
