Office Suite With Glass
New
For Sale
$795,000
9a-1000 Brickell Ave, Miami, FL 33131
Four private offices, a conference room, and a reception area provide a defined workplace layout.
Property Size1,309 SF
Price / SF$607.33
Days on Market5
Property Features for 9a-1000 Brickell Ave
General Information
Standard status
Active
Size
1,309 SF
Total Parking Spaces
3
Additional Details
HOA Fee
$1,622
Office Units
1
Taxes and HOA fees
Annual Taxes
$9,590
Listing Agency:
GP Real Estate Advisors
(786) 999-8458
Listed By:
Mario Alberto Ruiz · License #3544584
(305) 877-7304
Source:
Exprealty
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 26 at 7:41AM
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 GP Real Estate Advisors
Investment Insights
Based on property information with market context.
This 1,309-square-foot office suite at 1000 Brickell Avenue, Suite 925, is arranged with four private offices, a conference room, and a reception area. Floor-to-ceiling glass partitions divide the interior, and the suite includes three assigned parking spaces.
The property is at the corner of Brickell Avenue and 10th Street in Miami. Its address is 9a-1000 Brickell Ave, Miami, FL.
The property is at the corner of Brickell Avenue and 10th Street in Miami. Its address is 9a-1000 Brickell Ave, Miami, FL.
Key Highlights
- 1,309 SF office suite at 1000 Brickell Avenue, Suite 925
- Four private offices with floor‑to‑ceiling glass partitions
- Conference room and reception area
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
$37,552
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
4.72%
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%
$751,040
$751.0K
Cap Rate 7%
$536,457
$536.5K
Cap Rate 9%
$417,244
$417.2K
Market Conditions
NOI Build-Up for 1,309 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
$58.9K $45.00/SF
− Vacancy
−$8.8K −$6.75/SF
EGI
$50.1K $38.25/SF
− OpEx
−$12.5K −$9.56/SF
NOI
$37.6K $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%
$751,040
Cap Rate 7%
$536,457
Cap Rate 9%
$417,244
Alternative Uses
Best Use
Office B
$536.5K
$469.4K – $625.9K
NOI $37,552 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$883.6K
$773.1K – $1.03M
NOI $61,851 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
17,616
Businesses Nearby
Explore this area
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
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 - Four private offices, a conference room, and a reception area provide a defined workplace layout.
Where is this office units located?
The property is located at 9a-1000 Brickell Ave Miami, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 1,309 SF office suite at 1000 Brickell Avenue, Suite 925; Four private offices with floor‑to‑ceiling glass partitions; Conference room and reception area
