Furnished Office
201 S Biscayne Boulevard #1140, Miami, FL 33131
For Sale
New
Contact for pricing
A multi-office layout features a dedicated boardroom and designer furnishings.
Property Size5,357 SF
Price / SF$0.01
Days on Market6
Property Features for 201 S Biscayne Boulevard #1140
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Space & Availability
Condition
Furnished
Site & Location
Neighborhood
Additional Details
Office Units
Property Use
Amenities
Intercontinental Hotel
Starbucks
Cactus Club
Novikov
Il Gabbiano
Zuma
Building Details
Year Built
Buildings
Listing Agency:
Fortune Christie's Intl R.E.
(305) 856-2600
Listed By:
Wolfgang Herz · License FL #3029707
(305) 970-7260
Source:
Lehmannflorida
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 5:41AM
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 Fortune Christie's Intl R.E.
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Investment Insights
Based on property information with market context.
This built-out office unit includes seven offices and a boardroom. Designer furniture is in place, and the suite has never been occupied. Five parking spaces are available with the suite; parking is charged separately.
The space is in a Class A office building constructed in 1983, with direct access to the InterContinental Hotel. Nearby dining and coffee options include Novikov, Il Gabbiano, Zuma, Starbucks, and Cactus Club.
The space is in a Class A office building constructed in 1983, with direct access to the InterContinental Hotel. Nearby dining and coffee options include Novikov, Il Gabbiano, Zuma, Starbucks, and Cactus Club.
Key Highlights
- Seven offices and one boardroom
- Five parking spaces available with the suite
- Designer furniture in a never‑occupied, built‑out office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,679
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,073,580
$3.1M
Cap Rate 7%
$2,195,414
$2.2M
Cap Rate 9%
$1,707,544
$1.7M
Market Conditions
NOI Build-Up for 5,357 SF
Gross rent
$241.1K $45.00/SF
− Vacancy
−$36.2K −$6.75/SF
EGI
$204.9K $38.25/SF
− OpEx
−$51.2K −$9.56/SF
NOI
$153.7K $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%
$3,073,580
Cap Rate 7%
$2,195,414
Cap Rate 9%
$1,707,544
Alternative Uses
Best Use
Office B
$2.20M
$1.92M – $2.56M
NOI $153,679 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.62M
$3.16M – $4.22M
NOI $253,121 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
15,383
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
$621,700
Median Home Value
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Market
Average Price Trend$/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 - A multi-office layout features a dedicated boardroom and designer furnishings.
Where is this office unit located?
The property is located at 201 S Biscayne Boulevard #1140 Miami, FL.
What are key features of this property?
This property features: Seven offices and one boardroom; Five parking spaces available with the suite; Designer furniture in a never‑occupied, built‑out office
