Class A Office
For Sale
$540,000
150 SE 2nd Avenue #1401, Miami, FL 33131
Office condo in the Chase Bank Building offering two private offices, a conference room, and flexible workspace.
Property Size1,188 SF
Price / SF$454.55
Days on Market52
Property Features for 150 SE 2nd Avenue #1401
General Information
Standard status
Active
Size
1,188 SF
Class
A
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
Central air
Carpet Flooring
Central Air Cooling
Concrete Roof
Electric Heating
Guest
Building Details
Year Built
1967
Listing Agency:
AG REAL ESTATE ADVISORS, LLC
(305) 794-2655
Listed By:
RODRIGO GOMEZ · License #A11973299
Source:
Corcoran
Added: Jun 9
Changed: Jul 21
Last Checked: Jul 21 at 2:50PM
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 AG REAL ESTATE ADVISORS, LLC
Investment Insights
Based on property information with market context.
This class A office condominium includes two generous private offices, a conference room, and additional space suitable for work stations. The unit is located in the Chase Bank Building and is being presented for sale with a current tenant scheduled to vacate in February 2027.
The property is in Downtown Miami and is described as being across the street from a Whole Foods Market. Access is noted as exceptional, with two I-95 entrances within a couple blocks, and the building is close to the Metromover for access throughout downtown and Brickell. It is also positioned about one block from the Brickell financial district.
The layout supports both private meeting and day-to-day office work within a compact, professional configuration.
The property is in Downtown Miami and is described as being across the street from a Whole Foods Market. Access is noted as exceptional, with two I-95 entrances within a couple blocks, and the building is close to the Metromover for access throughout downtown and Brickell. It is also positioned about one block from the Brickell financial district.
The layout supports both private meeting and day-to-day office work within a compact, professional configuration.
Key Highlights
- Office condo in the Chase Bank Building, built in 1967
- Unit includes two private offices plus a conference room
- Flexible workspace with space for additional working stations
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.5k | $45.00 |
| − Vacancy | −$8.0k | −$6.75 |
| EGI | $45.4k | $38.25 |
| − OpEx | −$11.4k | −$9.56 |
| NOI | $34.1k | $28.69 |
1,188 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$486.9K
$426.0K – $568.0K
NOI $34,081 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$801.9K
$701.7K – $935.6K
NOI $56,134 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
15,904
Businesses Nearby
Explore this area
Business Placement
Demographics for 33131, FL
26,213
Population
18,872
Households
1.4
Avg Household Size
37
Median Age
77%
College-Educated
98%
High-School Grad
0.5 sq mi
ZIP Area
52,426
Density / Sq Mi
$143,114
Median Household Income
$86,331
Median Earnings
$2,847
Median Rent
$621,700
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 - Office condo in the Chase Bank Building offering two private offices, a conference room, and flexible workspace.
Where is this office units located?
The property is located at 150 SE 2nd Avenue #1401 Miami, FL.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Office condo in the Chase Bank Building, built in 1967; Unit includes two private offices plus a conference room; Flexible workspace with space for additional working stations
