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    1040 Biscayne Blvd Miami, FL 33132

    For Sale
    $8,000,000

    Downtown Miami Executive Suites, 20,000+ SF

    Property size:
    20,313 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional offering presents a unique opportunity to acquire a prestigious 20,313-square-foot Class A office portfolio situated within Ten Museum Park, a landmark mixed-use building in the heart of Downtown Miami. The property, built in 2007, boasts stunning views overlooking Biscayne Boulevard, a major thoroughfare with high daily traffic counts. Currently occupied by a diverse range of established tenants including Omaya, Inc, Karen Elimar, CAD International, NATIIVO MIAMI SALES, LLC, Museum RE Holdings, LLC, Nu Life Institute, Inc, and the Condo Association, this portfolio offers immediate cash flow potential. The asking price is $8,000,000, translating to a price per square foot of $393.84. The building's prime location provides unparalleled access to Miami's vibrant cultural scene, including the nearby Museum Park, home to the Miami Museum of Science & Planetarium and the soon-to-be-completed Miami Art Museum. Its strategic position also offers convenient proximity to the Design District, Wynwood, Midtown, Brickell, and Miami Beach, enhancing its appeal to both tenants and investors. This is a rare chance to own a significant piece of Miami's thriving commercial real estate market. Note that this sale excludes the residential units within the building. All information should be independently verified.

    Property Features for 1040 Biscayne Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    20,313 SF
    Class
    A

    Building Details

    Year Built
    2007
    Buildings
    1

    HighLights

    • Ten Museum Park Office Portfolio For Sale.
    • Prime Downtown Miami location.
    • Biscayne Boulevard frontage with over 75,000 daily traffic counts.
    • Convenient access to Miami Design District, Wynwood, Midtown, Brickell, and Miami Beach.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NuLife Institute - Aventura Medical Center New Wave Medical Medical Center NuLife Institute Medical Spa Luis O. Dominguez, ... Doctor Capponi Group Corp Corporate Campus

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Food Market Clothing Store Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.190427
    Latitude
    25.7845605

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Miami Executive Suites, 20,000+ SF
    Where is this office property / space located?
    The property is located at 1040 Biscayne Blvd Miami, FL.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: Ten Museum Park Office Portfolio For Sale.; Prime Downtown Miami location.; Biscayne Boulevard frontage with over 75,000 daily traffic counts.
    (305) 576-7474
    Request Owner's contact information
    1040 Biscayne Blvd Miami, FL 33132
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1040 Biscayne Blvd Miami, FL 33132
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