Prime Office Condo in
For Sale
Contact for pricing
1200 Brickell Ave #350, Miami, FL 33131
2,432 SF office condo with views in Miami's Financial District.
Property Size2,432 SF
Price / SF$513.98
Days on Market813
Property Features for 1200 Brickell Ave #350
General Information
Standard status
Active
Size
2,432 SF
Class
A
Property subtype
Office
Investment Type
Value Add
Site & Location
Neighborhood
Brickell Village
Listing Agency:
FA Commercial
Listed By:
Fabio Faerman, CCIM · License #FL BK3045634
(786) 262-9966
Source:
Crexi
Added: Aug 5, 2024
Changed: Oct 25
Last Checked: Oct 24 at 2:35PM
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 FA Commercial
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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.
Located in Miami's Financial District, Unit 350 at 1200 Brickell offers a 2,432 square foot office condo for sale. This space features 5 private offices, 1 conference room, and floor-to-ceiling windows providing views of Brickell Avenue. The property is situated within the 20-story office building at 1200 Brickell Avenue, which includes a luxury lobby, on-site management, and 24-hour security.
Key Highlights
- Prime office condo in Miami's Financial District.
- Boasting 2,432 SF with 5 private offices and 1 conference room.
- Spectacular views of Brickell Ave.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,768
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,395,360
$1.4M
Cap Rate 7%
$996,686
$996.7K
Cap Rate 9%
$775,200
$775.2K
Market Conditions
NOI Build-Up for 2,432 SF
Gross rent
$109.4K $45.00/SF
− Vacancy
−$16.4K −$6.75/SF
EGI
$93.0K $38.25/SF
− OpEx
−$23.3K −$9.56/SF
NOI
$69.8K $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%
$1,395,360
Cap Rate 7%
$996,686
Cap Rate 9%
$775,200
Alternative Uses
Best Use
Office B
$996.7K
$872.1K – $1.16M
NOI $69,768 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.64M
$1.44M – $1.92M
NOI $114,913 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
13,007
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - 2,432 SF office condo with views in Miami's Financial District.
Where is this office unit located?
The property is located at 1200 Brickell Ave #350 Miami, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime office condo in Miami's Financial District.; Boasting 2,432 SF with 5 private offices and 1 conference room.; Spectacular views of Brickell Ave.
