Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    600 Brickell Ave Miami, FL 33131-3067
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    600 Brickell Ave Miami, FL 33131-3067

    View on Map
    • Office buildings
    • 1,345,970 SF
    • 1.89 lot acres
    Off-Market
    Property ID
    US18-6032448
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Raines International Inc. / Employment Agency / Business Service Center
    • Jonathan H Kaskel / Law Firm
    • Yext / (Bike/Boat/Book/etc) Store / Corporate Office
    • ZEDRA Miami / Financial Advisor
    • Leslie Jose Zigel- Greenspoon Marder / Law Firm

    Property Details for 600 Brickell Ave

    Year built
    2011
    Construction
    METAL FRAME
    Lot size
    1.89 lot acres
    Property size
    1,345,970 SF
    Zone code
    6408:RAPID TRANS-HI DENS
    Property type
    Office buildings
    APN
    01-0210-030-1330
    APU
    102100301330

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,825,291,000
      Market price range: $1.62G - $7.96G
      AI Estimate
      $2,508,206,000
      Market price range: $908M - $7.78G

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1909
    Latitude
    25.7676
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,670,839
    $51,601,300
    $230,398,700
    $282,000,000
    -
    $51,601,300
    $230,398,700
    $282,000,000

    Comparable in this City

    • Value Estimation
      $5,370,000
      2,640 SF

      168 1st St Ste, Unit 801

      OFFICE BUILDING (MULTI-STORY) • 2,640 SF
      168 1st St Ste, Miami, FL 33131-1406
      View Details
    • Value Estimation
      $1,715,000
      525 SF

      1200 Brickell Ave Ste, Unit 1410

      OFFICE BUILDING (MULTI-STORY) • 525 SF
      1200 Brickell Ave Ste, Miami, FL 33131-3286
      View Details
    • Value Estimation
      $2,795,000
      856 SF

      1200 Brickell Ave Ste, Unit 1410

      OFFICE BUILDING (MULTI-STORY) • 856 SF
      1200 Brickell Ave Ste, Miami, FL 33131-3286
      View Details
    • Value Estimation
      $1,715,000
      526 SF

      1200 Brickell Ave Ste, Unit 1500

      OFFICE BUILDING (MULTI-STORY) • 526 SF
      1200 Brickell Ave Ste, Miami, FL 33131-3221
      View Details
    • Value Estimation
      $2,420,000
      742 SF

      1200 Brickell Ave Ste, Unit 1500

      OFFICE BUILDING (MULTI-STORY) • 742 SF
      1200 Brickell Ave Ste, Miami, FL 33131-3221
      View Details
    • Value Estimation
      $1,715,000
      526 SF

      1200 Brickell Ave Ste, Unit 1500

      OFFICE BUILDING (MULTI-STORY) • 526 SF
      1200 Brickell Ave Ste, Miami, FL 33131-3221
      View Details

    Similar Nearby for Sale

    • $8,000,000

      Brickell Ave Office Condo Investment

      Luxury Office Condo, Prime Brickell Location
      1110 Brickell Ave, Miami, FL 33131
      View Details
    • $883,200

      Brickell Office with Practical Layout

      Spacious office in Brickell with enclosed offices, conference room, kitchen.
      1200 Brickell Ave, Miami, FL 33131
      View Details
    • $690,000
      885 SF

      Brickell Office Suite - $690K

      Prime Brickell location, 885 sq ft, vacant.
      1110 Brickell Ave, Miami, FL 33131
      View Details
    • $690,000
      885 SF

      Brickell Office Suite: $690K

      Prime Brickell office, 885 sq ft, vacant.
      1110 Brickell Ave, Miami, FL 33131
      View Details

    Similar Nearby for Lease

    • $85 SF/Yr
      138,958 SF

      Premium Office Space in Miami

      Exclusive office property in Brickell Key, sophisticated and attentive.
      501 Brickell Key Dr, Miami, FL 33131
      View Details
    • Contact for pricing
      12,199 SF

      Prestigious Office Space on Brickell

      Prime office space with unobstructed water views and unparalleled amenities.
      801 Brickell Ave, Miami, FL 33131
      View Details
    • Contact for pricing
      1,803 SF

      Boutique Office in Financial District

      Five-story office building in the heart of Miami's Financial District.
      1390 Brickell Ave, Miami, FL 33131
      View Details
    • Contact for pricing
      728 SF

      Office Building on Miami River

      Ten-story office building with amenities located on the Miami River.
      444 Brickell Ave, Miami, FL 33131
      View Details
    • Contact for pricing

      Premium Office Space Available

      High-end office space for rent in Miami's Brickell Plaza.
      830 Brickell Plz, Miami, FL 33131
      View Details
    • Contact for pricing

      Renovated Office Space in Brickell

      Smart building with flexible office suites in Miami's financial district.
      1101 Brickell Ave, Miami, FL 33131
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    600 Brickell Ave
    Miami, FL 33131-3067
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!