Waterfront Office
For Sale
$350,000
2101 Brickell Ave Unit CU3, Miami, FL 33129
Vacant commercial unit with outdoor seating, building visibility, and a small market on the lobby level.
Property Size522 SF
Price / SF$670.50
Days on Market866
Property Features for 2101 Brickell Ave Unit CU3
General Information
Standard status
Active
Size
522 SF
Property subtype
Mixed Use
Site & Location
Neighborhood
Brickell Residential District
Taxes and HOA fees
Annual Taxes
$6,170
Amenities
outside seating area
small market on the lobby level
Building Details
Building Size
522 SF
Year Built
2004
Listing Agency:
BHHS EWM Realty
Listed By:
Scott Shuffield · License #3237495
(305) 726-3133
Source:
Marcelosteinmander
Added: Jun 12, 2024
Changed: Oct 17
Last Checked: Oct 25 at 12:58AM
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 BHHS EWM Realty
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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 522 sqft office unit at Skyline Brickell is currently vacant and includes an outside seating area. The property was built in 2004 and offers commercial space within a building that also has a small market on the lobby level.
The unit is located at 2101 Brickell Avenue Cu3 in Miami, near the water and with access to Brickell, US1, shops, and dining. Visibility to building residents adds an identifiable exposure point for an office occupant.
The unit is located at 2101 Brickell Avenue Cu3 in Miami, near the water and with access to Brickell, US1, shops, and dining. Visibility to building residents adds an identifiable exposure point for an office occupant.
Key Highlights
- 522 sqft office unit
- Currently vacant for occupancy
- Outside seating area included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,975
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,500
$299.5K
Cap Rate 7%
$213,929
$213.9K
Cap Rate 9%
$166,389
$166.4K
Market Conditions
NOI Build-Up for 522 SF
Gross rent
$23.5K $45.00/SF
− Vacancy
−$3.5K −$6.75/SF
EGI
$20.0K $38.25/SF
− OpEx
−$5.0K −$9.56/SF
NOI
$15.0K $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%
$299,500
Cap Rate 7%
$213,929
Cap Rate 9%
$166,389
Alternative Uses
Best Use
Office B
$213.9K
$187.2K – $249.6K
NOI $14,975 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$352.4K
$308.3K – $411.1K
NOI $24,665 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,906
Businesses Nearby
Explore this area
Business Placement
Demographics for 33129, FL
15,218
Population
8,275
Households
1.8
Avg Household Size
44
Median Age
68%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
10,870
Density / Sq Mi
$102,969
Median Household Income
$54,935
Median Earnings
$2,241
Median Rent
$573,900
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 commercial unit with outdoor seating, building visibility, and a small market on the lobby level.
Where is this office unit located?
The property is located at 2101 Brickell Ave Unit CU3 Miami, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 522 sqft office unit; Currently vacant for occupancy; Outside seating area included
