Historic Office
For Sale
Contact for pricing
168 SE 1st St # 1200, Miami, FL 33131
Vacant office space in a preserved historic building with flexible division options and convenient access to Miami’s central business district.
Property Size4,966 SF
Price / SF$0.56
Days on Market274
Property Features for 168 SE 1st St # 1200
General Information
Standard status
Active
Size
4,966 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Building Size
4,966 SF
Year Built
1925
Listing Agency:
Canvas Real Estate
Listed By:
Jennifer Pereira · License #3122233
(954) 332-7121
Source:
Batrare
Added: Jan 20
Changed: Oct 18
Last Checked: Oct 21 at 3:49AM
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 Canvas Real Estate
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Investment Insights
Based on property information with market context.
This vacant office offering occupies space in a historic building constructed in 1925. The property provides 4,966 square feet and may be configured into smaller portions, including an 850-square-foot option and a 200-square-foot option, depending on tenant requirements. Its preserved architectural character pairs with a flexible layout approach for office or creative workspace needs.
The property is located in Downtown Miami, two blocks from the Brickell Financial District. Expressway access is approximately a one-minute drive, supporting convenient connections throughout the area. The suite is available for viewing and can accommodate users seeking a centrally positioned office setting with divisible space.
The property is located in Downtown Miami, two blocks from the Brickell Financial District. Expressway access is approximately a one-minute drive, supporting convenient connections throughout the area. The suite is available for viewing and can accommodate users seeking a centrally positioned office setting with divisible space.
Key Highlights
- 4,966 square feet of vacant office space
- Historic building constructed in 1925
- Potential division into 850‑square‑foot and 200‑square‑foot options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,462
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,849,240
$2.8M
Cap Rate 7%
$2,035,171
$2.0M
Cap Rate 9%
$1,582,911
$1.6M
Market Conditions
NOI Build-Up for 4,966 SF
Gross rent
$223.5K $45.00/SF
− Vacancy
−$33.5K −$6.75/SF
EGI
$189.9K $38.25/SF
− OpEx
−$47.5K −$9.56/SF
NOI
$142.5K $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%
$2,849,240
Cap Rate 7%
$2,035,171
Cap Rate 9%
$1,582,911
Alternative Uses
Best Use
Office B
$2.04M
$1.78M – $2.37M
NOI $142,462 @ 7.0% cap · market cap 5,087.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.35M
$2.93M – $3.91M
NOI $234,646 @ 7.0% cap · market cap 8,380.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Vacant office space in a preserved historic building with flexible division options and convenient access to Miami’s central business district.
Where is this office unit located?
The property is located at 168 SE 1st St # 1200 Miami, FL.
What are key features of this property?
This property features: 4,966 square feet of vacant office space; Historic building constructed in 1925; Potential division into 850‑square‑foot and 200‑square‑foot options
