Class A Office
For Sale
Contact for pricing
848 Brickell Ave, Miami, FL 33131
Office property in Miami’s Brickell financial district, near Brickell City Center and Mary Brickell Village.
Property Size101,000 SF
Price / SF$0.00
Days on Market1718
Property Features for 848 Brickell Ave
General Information
Standard status
Active
Size
101,000 SF
Class
Class A
Property subtype
Office
Site & Location
Neighborhood
Brickell Village
Taxes and HOA fees
Annual Taxes
$416,379
Building Details
Building Size
101,000 SF
Listing Agency:
Key International Sales, LLC
Listed By:
Maribel Garcia · License #0607848
(305) 377-1099
Source:
Casacollectiongroup
Added: Feb 22, 2022
Changed: Oct 31
Last Checked: Nov 4 at 9:17PM
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 Key International Sales, 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 Class A office building occupies a Brickell Avenue address within Miami’s Financial District. The property is situated near Brickell City Center and Mary Brickell Village, with both destinations described as accessible on foot.
The building is located at 848 Brickell Ave, Miami, FL 33131, placing it within the Brickell Avenue office corridor.
The building is located at 848 Brickell Ave, Miami, FL 33131, placing it within the Brickell Avenue office corridor.
Key Highlights
- Class A office building
- Located in Miami’s Brickell Financial District
- 848 Brickell Ave, Miami, FL 33131
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,897,438
Suggested Prices Based on Cap Rates
Cap Rate 5%
$57,948,760
$57.9M
Cap Rate 7%
$41,391,971
$41.4M
Cap Rate 9%
$32,193,756
$32.2M
Market Conditions
NOI Build-Up for 101,000 SF
Gross rent
$4.55M $45.00/SF
− Vacancy
−$681.8K −$6.75/SF
EGI
$3.86M $38.25/SF
− OpEx
−$965.8K −$9.56/SF
NOI
$2.90M $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%
$57,948,760
Cap Rate 7%
$41,391,971
Cap Rate 9%
$32,193,756
Alternative Uses
Best Use
Office B
$41.39M
$36.22M – $48.29M
NOI $2,897,438 @ 7.0% cap · market cap 3,863,250.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$68.18M
$59.65M – $79.54M
NOI $4,772,295 @ 7.0% cap · market cap 6,363,060.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
15,616
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office building - Office property in Miami’s Brickell financial district, near Brickell City Center and Mary Brickell Village.
Where is this office building located?
The property is located at 848 Brickell Ave Miami, FL.
What are key features of this property?
This property features: Class A office building; Located in Miami’s Brickell Financial District; 848 Brickell Ave, Miami, FL 33131
