Remodeled Downtown Office
For Sale
Contact for pricing
14 NE 1st Ave #1100P Unit 1100P, Miami, FL 33132
The layout combines a reception area, five private offices and open workspace for varied work settings.
Property Size2,114 SF
Price / SF$0.02
Days on Market12
Property Features for 14 NE 1st Ave #1100P Unit 1100P
General Information
Standard status
Active
Size
2,114 SF
Property subtype
Commercial
Site & Location
Neighborhood
Cbd
Additional Details
Condition
Newly Renovated
Property Use
Office
Amenities
Silver LEED Certification
state-of-the-art connectivity
Lot Size Square Feet: 12632
Total Taxes: $11,500, Tax Year: 2025, Percentage of Tax that is Deductable: 0
Sale, Sale Type: Foreclosure
Built in 1952
Water Source: Community
Building Details
Year Built
1952
Buildings
1
Listing Agency:
Compass Florida, LLC
Listed By:
Gabriela DeMelo · License #3271766
(305) 851-2820
Source:
Doyle-realty
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 26 at 3:29PM
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 Compass Florida, 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.
This 2,114-square-foot office suite at One Office Building has been remodeled and includes a reception area, five private offices and open workspace. The building, completed in 1952, was designed by Miami architect Morris Lapidus and holds Silver LEED Certification. It is also listed on the National Register of Historic Places.
At Flagler Street and NE 1st Avenue in Downtown Miami, the property is surrounded by business, retail and entertainment uses. The building provides access to Miami International Airport and PortMiami.
At Flagler Street and NE 1st Avenue in Downtown Miami, the property is surrounded by business, retail and entertainment uses. The building provides access to Miami International Airport and PortMiami.
Key Highlights
- 2,114 SF remodeled office suite
- Reception area, 5 private offices and open workspace
- One Office Building was completed in 1952 and designed by Morris Lapidus
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,645
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,900
$1.2M
Cap Rate 7%
$866,357
$866.4K
Cap Rate 9%
$673,833
$673.8K
Market Conditions
NOI Build-Up for 2,114 SF
Gross rent
$95.1K $45.00/SF
− Vacancy
−$14.3K −$6.75/SF
EGI
$80.9K $38.25/SF
− OpEx
−$20.2K −$9.56/SF
NOI
$60.6K $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%
$1,212,900
Cap Rate 7%
$866,357
Cap Rate 9%
$673,833
Alternative Uses
Best Use
Office B
$866.4K
$758.1K – $1.01M
NOI $60,645 @ 7.0% cap · market cap 159,592.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.66M
NOI $99,887 @ 7.0% cap · market cap 262,860.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
16,324
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
Frequently Asked Questions
What type of property is this?
Office unit - The layout combines a reception area, five private offices and open workspace for varied work settings.
Where is this office unit located?
The property is located at 14 NE 1st Ave #1100P Unit 1100P Miami, FL.
What are key features of this property?
This property features: 2,114 SF remodeled office suite; Reception area, 5 private offices and open workspace; One Office Building was completed in 1952 and designed by Morris Lapidus
