Downtown Miami Office
For Sale
Contact for pricing
14 NE 1st Ave # 700D, Miami, FL 33132
Modern 705 SqFt office in iconic One Flagler building.
Property Size705 SF
Price / SF$361.56
Days on Market612
Property Features for 14 NE 1st Ave # 700D
General Information
Standard status
Active
Size
705 SF
Property subtype
Office
Building Details
Year Built
1952
Listing Agency:
SF Realty Advisors, LLC.
(786) 227-2794
Listed By:
Alejo M. Aguirre Saravia · License #3428691
Source:
Crexi
Added: Dec 9, 2024
Changed: Aug 8
Last Checked: Aug 11 at 12:13PM
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 SF Realty Advisors, LLC.
Investment Insights
Based on property information with market context.
This modern and bright office space, encompassing 705 square feet, is located in the iconic One Flagler building in Downtown Miami. Designed by renowned architect Morris Lapidus, the office features floor-to-ceiling windows, wood-style flooring, and abundant natural light. The building provides 24/7 security, a front desk, valet parking, and onsite management. Tenants have access to conference rooms and a recently renovated lobby with state-of-the-art connectivity. The location is one block from the courthouse and within walking distance of Biscayne Blvd, Whole Foods, and Metro Mover stations. This space is suitable for entrepreneurs and small businesses.
Key Highlights
- Prime Downtown Miami location in the iconic One Flagler building.
- Modern, bright office space with floor‑to‑ceiling windows and abundant natural light.
- Enjoy 24/7 security, front desk, valet parking, and onsite management.
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
$20,225
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
7.93%
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%
$404,500
$404.5K
Cap Rate 7%
$288,929
$288.9K
Cap Rate 9%
$224,722
$224.7K
Market Conditions
NOI Build-Up for 705 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
$31.7K $45.00/SF
− Vacancy
−$4.8K −$6.75/SF
EGI
$27.0K $38.25/SF
− OpEx
−$6.7K −$9.56/SF
NOI
$20.2K $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%
$404,500
Cap Rate 7%
$288,929
Cap Rate 9%
$224,722
Alternative Uses
Best Use
Office B
$288.9K
$252.8K – $337.1K
NOI $20,225 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$475.9K
$416.4K – $555.2K
NOI $33,312 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - Modern 705 SqFt office in iconic One Flagler building.
Where is this office units located?
The property is located at 14 NE 1st Ave # 700D Miami, FL.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Prime Downtown Miami location in the iconic One Flagler building.; Modern, bright office space with floor‑to‑ceiling windows and abundant natural light.; Enjoy 24/7 security, front desk, valet parking, and onsite management.
