Coworking Space with Private
402-1110 Brickell Ave, Miami, FL 33131
For Sale
Contact for pricing
Seven office suites are available individually, with shared lounge, reception, and meeting-room amenities.
Property Size1,440 SF
Price / SF$6.81
Days on Market24
Property Features for 402-1110 Brickell Ave
General Information
Standard status
Size
Site & Location
Neighborhood
Additional Details
Property Use
Amenities
pool table or lounge area
greeting/waiting area
private meeting room
Listing Agency:
Compass Florida, LLC
(305) 697-2904
Listed By:
Nicolas Escobar · License FL #3401020
(305) 318-5532
Source:
Exprealty
Added: Oct 19
Changed: Nov 10
Last Checked: Nov 10 at 1:00PM
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 Compass Florida, LLC
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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 1,440-square-foot coworking property is arranged as seven private offices ranging from 130 to 372 square feet. A lounge area with a pool table and a reception and waiting area serve the office suite. A separate meeting room accommodates up to 20 people and is available by prior reservation. The offices may also be leased individually.
The property is on Brickell Avenue in Miami’s Brickell area, near restaurants, cafés, shops, and major banks.
The property is on Brickell Avenue in Miami’s Brickell area, near restaurants, cafés, shops, and major banks.
Key Highlights
- 1,440 square feet divided among seven private offices
- Individual office sizes range from 130 to 372 square feet
- Offices may be leased separately
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,310
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,200
$826.2K
Cap Rate 7%
$590,143
$590.1K
Cap Rate 9%
$459,000
$459.0K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$64.8K $45.00/SF
− Vacancy
−$9.7K −$6.75/SF
EGI
$55.1K $38.25/SF
− OpEx
−$13.8K −$9.56/SF
NOI
$41.3K $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%
$826,200
Cap Rate 7%
$590,143
Cap Rate 9%
$459,000
Alternative Uses
Best Use
Office B
$590.1K
$516.4K – $688.5K
NOI $41,310 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$972.0K
$850.5K – $1.13M
NOI $68,041 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
18,216
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 Coworking space in Miami, FL
Properties on Market for Coworking space in Miami
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Coworking space - Seven office suites are available individually, with shared lounge, reception, and meeting-room amenities.
Where is this coworking space located?
The property is located at 402-1110 Brickell Ave Miami, FL.
What are key features of this property?
This property features: 1,440 square feet divided among seven private offices; Individual office sizes range from 130 to 372 square feet; Offices may be leased separately
