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    The Largest CRE Database in the US with Over 1 Million Listings

    1200 Brickell Ave Miami, FL 33131

    Sponsored
    For Lease
    $52 SF/Yr

    2,708 sq ft Miami Office Condo

    Lot size:
    2,708 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    423
    This exceptional 2,708-square-foot office suite, located at 1200 Brickell Ave #520 in Miami, FL 33131, is ideally suited for a law firm or similar professional organization. The space boasts ten private offices, a conference room, a reception area, dedicated workstations, and a break room, providing ample space for a team. Situated within a prestigious 20-story building (235,432 rentable square feet) in the heart of Miami's Financial District, this single-tenant office condo offers unparalleled convenience and prestige. The building features a luxurious lobby, an attractive open landscape plaza, and a convenient semi-circular drop-off driveway. The building's location at the highly visible corner of Brickell Avenue and Coral Way places it in the center of Miami's thriving commercial hub, close to Mary Brickell Village, upscale hotels, and restaurants. Excellent access to South Miami Avenue, I-95, Miami International Airport, and the Port of Miami adds to its strategic appeal. The property's zoning is 6407, and its APN is 01-41-38-142-1010. This is a rare opportunity to secure a sophisticated and well-appointed office space in one of Miami's most desirable locations.

    Property Features for 1200 Brickell Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,708 SF

    Spaces For Lease

    at 1200 Brickell Ave, Miami, FL 33131 Contact us
    Unit 520 A-D

    $52 /Mo

    Size
    2,708 SF
    Contact us

    We can help!

    Listing Contact
    Carlos Chavarro
    Carlos Chavarro

    Learn more

    Property Insight Report

    HighLights

    • 2,708 SF office suite at 1200 Brickell Ave #520, Miami, FL 33131.
    • Ten private offices, conference room, reception area, workstations, and break room.
    • Located in a prestigious 20‑story building in Miami's Financial District.
    • Single‑tenant office condo with excellent access to major roadways and Miami International Airport.
    • Highly visible corner location at Brickell Avenue and Coral Way.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Law Office of Jonathan ... Law Firm Studio Legale Internazionale Law Firm SPI Software (Bike/Boat/Book/etc) Store G&G Business Developments Real Estate Agency DocStyle LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Real Estate Agency Hair Salon Nail Salon Law Firm Food Market Grocery & Convenience 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
    -80.191954
    Latitude
    25.7619593

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    FAQs

    What type of property is this?
    Office Property / Space - 2,708 sq ft Miami Office Condo
    Where is this office property / space located?
    The property is located at 1200 Brickell Ave Miami, FL.
    What is the lease rate?
    The lease rate is $52 SF/Yr.
    What are key features of this property?
    This property features: 2,708 SF office suite at 1200 Brickell Ave #520, Miami, FL 33131.; Ten private offices, conference room, reception area, workstations, and break room.; Located in a prestigious 20-story building in Miami's Financial District.
    Request Owner's contact information
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1200 Brickell Ave Miami, FL 33131
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    Listing Contact
    Carlos Chavarro
    Carlos Chavarro
    Real Estate License ID: 3268120
    Learn more
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