Office Suite with Floor-to-Ceiling
For Sale
$625,000
800a-14 Ne 1st Ave, Miami, FL 33132
Fully built-out office suite with private offices, kitchenette, and abundant natural light in a landmark Downtown Miami building.
Property Size1,484 SF
Price / SF$421.16
Days on Market269
Property Features for 800a-14 Ne 1st Ave
General Information
Standard status
Active
Size
1,484 SF
Taxes and HOA fees
Annual Taxes
$4,231
Listing Agency:
BZG International, LLC
(305) 796-2271
Listed By:
Uccio Zecchini · License #3219617
(305) 796-2271
Source:
Exprealty
Added: Nov 28, 2025
Changed: Aug 21
Last Checked: Aug 24 at 11:31AM
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 BZG International, LLC
Investment Insights
Based on property information with market context.
This fully built-out office suite offers 1,484 square feet of designed workspace within the iconic One Flagler Building. The layout includes four private offices plus an open area, complemented by a modern kitchenette. Exposed ceilings and an open plan support flexible day-to-day use, while floor-to-ceiling windows bring in abundant natural light throughout the space.
One Flagler is situated in the heart of Downtown Miami, with convenient access to nearby destinations including Brickell, Biscayne Boulevard, and the Miami River. The building’s location supports easy connectivity for commuting and client visits, all within one of Miami’s most recognized office addresses.
The configuration is well suited for teams that need both focused rooms and a shared work area, including professional services, creative groups, and boutique firms. With existing interior improvements in place, prospective tenants and buyers can evaluate the suite as a ready-to-use option for establishing a professional office environment in a landmark property.
One Flagler is situated in the heart of Downtown Miami, with convenient access to nearby destinations including Brickell, Biscayne Boulevard, and the Miami River. The building’s location supports easy connectivity for commuting and client visits, all within one of Miami’s most recognized office addresses.
The configuration is well suited for teams that need both focused rooms and a shared work area, including professional services, creative groups, and boutique firms. With existing interior improvements in place, prospective tenants and buyers can evaluate the suite as a ready-to-use option for establishing a professional office environment in a landmark property.
Key Highlights
- 1,484 SF fully built‑out office suite in the One Flagler Building in Downtown Miami
- Features four private offices plus an open layout with exposed ceilings
- Includes a modern kitchenette and dedicated office space setup
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,572
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$851,440
$851.4K
Cap Rate 7%
$608,171
$608.2K
Cap Rate 9%
$473,022
$473.0K
Market Conditions
NOI Build-Up for 1,484 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$66.8K $45.00/SF
− Vacancy
−$10.0K −$6.75/SF
EGI
$56.8K $38.25/SF
− OpEx
−$14.2K −$9.56/SF
NOI
$42.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$851,440
Cap Rate 7%
$608,171
Cap Rate 9%
$473,022
Alternative Uses
Best Use
Office B
$608.2K
$532.2K – $709.5K
NOI $42,572 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.00M
$876.5K – $1.17M
NOI $70,120 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,468
Businesses Nearby
Explore this area
Business Placement
Demographics for 33132, FL
18,159
Population
12,725
Households
1.4
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
12,106
Density / Sq Mi
$109,505
Median Household Income
$71,509
Median Earnings
$2,534
Median Rent
$545,100
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Fully built-out office suite with private offices, kitchenette, and abundant natural light in a landmark Downtown Miami building.
Where is this office units located?
The property is located at 800a-14 Ne 1st Ave Miami, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1,484 SF fully built‑out office suite in the One Flagler Building in Downtown Miami; Features four private offices plus an open layout with exposed ceilings; Includes a modern kitchenette and dedicated office space setup
