Renovated Corner Office
150 SE 2nd Ave Unit 510&511, Miami, FL 33131
For Sale
Contact for pricing
Two combined corner office units offer recently renovated space in a downtown Miami high-rise building.
Property Size2,200 SF
Price / SF$4.55
Days on Market351
Property Features for 150 SE 2nd Ave Unit 510&511
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Miami Blue Real Estate
Listed By:
Fabrizio Pellicciotti · License FL #3294941
From the agent's profile:
(305) 536-1001, (786) 899-1239, (305) 299-7040
View profile
Source:
Casacollectiongroup
Added: Nov 26, 2025
Changed: Nov 7
Last Checked: Nov 10 at 5:58PM
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 Miami Blue Real Estate
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Investment Insights
Based on property information with market context.
Two combined premium class office spaces (510 and 511) provide approximately 2,200 square feet of office space as a corner unit in a well-known downtown Miami building. The combined suite has been recently renovated and is configured as office 510 corner space together with office 511 corner space.
The location supports a walkable lifestyle to nearby Brickell, shopping, entertainment, dining, and parking. Access is convenient with easy routes from I-95.
Built in 1967, the building houses office suites suited to professional tenants seeking a centrally located, renovated workspace within the downtown core.
The location supports a walkable lifestyle to nearby Brickell, shopping, entertainment, dining, and parking. Access is convenient with easy routes from I-95.
Built in 1967, the building houses office suites suited to professional tenants seeking a centrally located, renovated workspace within the downtown core.
Key Highlights
- Two combined office spaces 510 and 511
- Recently renovated corner unit configuration
- Approximately 2,200 SF combined office suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,113
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,262,260
$1.3M
Cap Rate 7%
$901,614
$901.6K
Cap Rate 9%
$701,256
$701.3K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$99.0K $45.00/SF
− Vacancy
−$14.9K −$6.75/SF
EGI
$84.2K $38.25/SF
− OpEx
−$21.0K −$9.56/SF
NOI
$63.1K $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%
$1,262,260
Cap Rate 7%
$901,614
Cap Rate 9%
$701,256
Alternative Uses
Best Use
Office B
$901.6K
$788.9K – $1.05M
NOI $63,113 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.49M
$1.30M – $1.73M
NOI $103,951 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
$621,700
Median Home Value
Market
Average Price Trend$/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 - Two combined corner office units offer recently renovated space in a downtown Miami high-rise building.
Where is this office unit located?
The property is located at 150 SE 2nd Ave Unit 510&511 Miami, FL.
What are key features of this property?
This property features: Two combined office spaces 510 and 511; Recently renovated corner unit configuration; Approximately 2,200 SF combined office suite
