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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    848 Brickell Ave Miami, FL 33131

    • Office buildings
    • 228,546 SF
    • 1.24 lot acres
    For Lease
    View listing
    $0.01 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4306335
    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.

    Current Use by Public Records

    • LAING EXOTIC IMPORTS LLC / Auto Repair Shop / Auto Body Shop
    • Azadi Law P.A. / Attorney / Immigration Attorney
    • Lovable Home Health / Home Health Care Service
    • The Tech Direct Inc. / Wholesaler
    • Felipe Law / Legal Services

    Property Details for 848 Brickell Ave

    Year built
    1981
    Construction
    CONCRETE
    Lot size
    1.24 lot acres
    Property size
    228,546 SF
    Zone code
    6407:HIGH DENS MIX USE
    Property type
    Office buildings
    APN
    01-0209-090-1560
    APU
    102090901560

    Description

    This exceptional Class A office building, situated at 848 Brickell Avenue, presents a unique single-tenant occupancy opportunity encompassing 101,000 square feet. Ideally located in the vibrant heart of Brickell Avenue and the Financial District, this property offers unparalleled access to the area's bustling commercial activity. Its strategic position provides convenient walking distance to both Brickell City Center and Mary Brickell Village, ensuring employees and clients enjoy seamless connectivity to a wealth of amenities, including upscale dining, retail options, and entertainment venues. The building's zoning classification is SD-5, reflecting its suitability for a variety of commercial uses. The property features a single suite across the entire building, providing a cohesive and efficient workspace. The Assessor's Parcel Number (APN) is 01-02-09-090-1560. This presents a rare chance to acquire a substantial, high-profile office space in one of Miami's most sought-after business districts. The building's size and prime location make it an ideal headquarters or flagship office for a large corporation seeking a prominent presence in the heart of Brickell. The single-tenant configuration offers significant operational advantages and control. This is a truly exceptional opportunity for a discerning buyer seeking a prestigious and strategically located office property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $326,241,000
      Market price range: $275M - $1.35G
      AI Estimate
      $289,626,000
      Market price range: $154M - $1.32G

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1914
    Latitude
    25.7651
    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
    $657,162
    $32,463,000
    $100,000
    $32,563,000
    -
    $32,463,000
    $100,000
    $32,563,000

    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
      $1,155,000
      326 SF

      150 2nd Ave Ste, Unit 1006

      PROFESSIONAL BUILDING • 326 SF
      150 2nd Ave Ste, Miami, FL 33131-1577
      View Details
    • Value Estimation
      $17,760,000
      3,913 SF

      150 2nd Ave Ste, Unit 101

      PROFESSIONAL BUILDING • 3,913 SF
      150 2nd Ave Ste, Miami, FL 33131-1515
      View Details
    • Value Estimation
      $1,930,000
      551 SF

      150 2nd Ave Ste, Unit 307

      PROFESSIONAL BUILDING • 551 SF
      150 2nd Ave Ste, Miami, FL 33131-1507
      View Details
    • Value Estimation
      $1,930,000
      551 SF

      150 2nd Ave Ste, Unit 309

      PROFESSIONAL BUILDING • 551 SF
      150 2nd Ave Ste, Miami, FL 33131-1507
      View Details
    • Value Estimation
      $2,875,000
      868 SF

      150 2nd Ave Ste, Unit 810

      PROFESSIONAL BUILDING • 868 SF
      150 2nd Ave Ste, Miami, FL 33131-1574
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Class A Office Building Brickell

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      Brickell Ave Office Condo Investment

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      Prime Miami Office Building

      Profitable Miami Office, Turnkey Ready
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      Brickell Office with Practical Layout

      Spacious office in Brickell with enclosed offices, conference room, kitchen.
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      Brickell Office with Practical Layout

      Spacious office unit in the heart of Brickell with tenant.
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    Similar Nearby for Lease

    • 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
      12,199 SF

      Prestigious Office Space on Brickell

      Prime office space with unobstructed water views and unparalleled amenities.
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      View Details
    • $38 SF/Yr
      1,602 SF

      Office Building on Miami River

      Ten-story office building with amenities located on the Miami River.
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      View Details
    • Contact for pricing

      Downtown Miami Office Suite

      Prime Furnished Office, Move-In Ready
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      View Details
    • Contact for pricing
      250,000 SF

      Brickell Avenue Premier Office Space

      Stunning 6,396 sq ft, Bay Views
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    • $22 SF/Yr
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      Brickell Key Office Suites

      Prestigious waterfront office space in Miami.
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      View Details
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    848 Brickell Ave
    Miami, FL 33131
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    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
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