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    14 1St Ave Miami, FL 33132

    Sponsored
    For Sale
    $495,000

    Prime Downtown Miami Office, High NOI

    Property size:
    1,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office condo, Unit 1209 at One Flagler, offers 1,100 square feet of meticulously maintained space in Miami's Central Business District. Located at 14 NE 1st Ave, Miami, FL 33132, this single-tenant property boasts a strong net operating income (NOI) of $32,450, with a current occupancy rate of 100%. The asking price is $495,000, translating to $450 per square foot. The property features a modified lease with a 5-year term and 4% annual rent increases. Annual real estate taxes are $5,689, and the monthly HOA fee is $850. Expenses total $15,925 annually. This investment opportunity is ideally situated near premium restaurants and leisure destinations in Downtown Miami and Brickell, surrounded by significant developments such as Miami World Center, Waldorf Astoria, and Aston Martin Residences. The property's mid-century modern design adds to its appeal. This is a turnkey investment ready for immediate income generation. The property is in Miami-Dade County.

    Property Features for 14 1St Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,100 SF
    Class
    A

    Building Details

    Units
    1

    HighLights

    • Class A office condo, 1,100 SF, in Miami's Central Business District.
    • 5‑year lease with 4% annual rent increases.
    • Annual property taxes: $5,689; HOA: $850/month; Net Operating Income (NOI): $32,450; Annual Expenses: $15,925.
    • Prime location near Downtown Miami and Brickell's restaurants and entertainment, close to major developments.
    • Asking price: $495,000 ($450/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Vid Music Group Music Management And Promotion Credit Glory Credit ... Credit Counseling Service Puerto Viejo Wines, ... Importer Psyche Inspirational, LLC Psychologist Dr. Ivette J. ... Psychologist

    Suggested Use

    Restaurant Dental Office Spa & Massage Hair Salon Realty agency 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
    -80.1921706
    Latitude
    25.7744312

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Downtown Miami Office, High NOI
    Where is this office property / space located?
    The property is located at 14 1St Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Class A office condo, 1,100 SF, in Miami's Central Business District.; 5-year lease with 4% annual rent increases.; Annual property taxes: $5,689; HOA: $850/month; Net Operating Income (NOI): $32,450; Annual Expenses: $15,925.
    Request Owner's contact information
    14 1St Ave Miami, FL 33132
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    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
    14 1St Ave Miami, FL 33132
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