For Sale
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14 NE 1st Avenue, Miami, FL 33132
Office Units
Property Size3,538 SF
Price / SF$438.10
Days on Market1219
Property Features for 14 NE 1st Avenue
General Information
Standard status
Active
Size
3,538 SF
Property subtype
Office
Building Details
Year Built
1952
Units
6
Listing Agency:
Beckett Realty Advisors, LLC
Listed By:
Steven Rodriguez · License #3309027
(954) 937-4887
Source:
Crexi
Added: Jun 14, 2023
Changed: Aug 8
Last Checked: Oct 7 at 4:48PM
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 Beckett Realty Advisors, LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Remodeled and furnished 3538 SF office space in Downtown Miami
- Enjoy panoramic skyline views
- Designed by renowned Miami architect Morris Lapidus
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,496
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,029,920
$2.0M
Cap Rate 7%
$1,449,943
$1.4M
Cap Rate 9%
$1,127,733
$1.1M
Market Conditions
NOI Build-Up for 3,538 SF
Gross rent
$159.2K $45.00/SF
− Vacancy
−$23.9K −$6.75/SF
EGI
$135.3K $38.25/SF
− OpEx
−$33.8K −$9.56/SF
NOI
$101.5K $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%
$2,029,920
Cap Rate 7%
$1,449,943
Cap Rate 9%
$1,127,733
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.69M
NOI $101,496 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.39M
$2.09M – $2.79M
NOI $167,172 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
13,542
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
Where is this office units located?
The property is located at 14 NE 1st Avenue Miami, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Remodeled and furnished 3538 SF office space in Downtown Miami; Enjoy panoramic skyline views; Designed by renowned Miami architect Morris Lapidus
