First-Floor Office
1000 5th St # 103, Miami Beach, FL 33139
For Sale
Contact for pricing
Shell space beside the building lobby allows for a tenant-designed interior configuration.
Property Size106,363 SF
Price / SF$0.00
Days on Market360
Property Features for 1000 5th St # 103
General Information
Standard status
Size
Property subtype
Space & Availability
Floor
Condition
Site & Location
Neighborhood
Highway Access
Amenities
secured access
contemporary lobby
fiber-optic connectivity
Building Details
Building Size
Year Built
Parking Ratio
Listing Agency:
BHHS EWM Realty
Listed By:
Carlos Olivares · License FL #3051724
(305) 894-6637
Source:
Emporiore
Added: Nov 20, 2025
Changed: Nov 9
Last Checked: Nov 13 at 7:56PM
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 BHHS EWM Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 103 is a 1,360-square-foot office unit on the first floor of a building completed in 2004. Delivered as shell space, it can be configured through a custom build-out. Interior windows bring natural light into the suite, which sits near the lobby and secured building entry.
The property at 1000 5th St in Miami Beach offers covered garage parking at a 4/1,000 ratio and fiber-optic connectivity. Its location provides immediate access to the MacArthur Causeway, with connections to Downtown and Brickell; dining and services are also nearby.
The property at 1000 5th St in Miami Beach offers covered garage parking at a 4/1,000 ratio and fiber-optic connectivity. Its location provides immediate access to the MacArthur Causeway, with connections to Downtown and Brickell; dining and services are also nearby.
Key Highlights
- 1,360 square feet of first‑floor shell office space
- Suite 103 is positioned beside the building lobby
- Secured building access and covered garage parking at a 4/1,000 ratio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,968,102
Suggested Prices Based on Cap Rates
Cap Rate 5%
$59,362,040
$59.4M
Cap Rate 7%
$42,401,457
$42.4M
Cap Rate 9%
$32,978,911
$33.0M
Market Conditions
NOI Build-Up for 106,363 SF
Gross rent
$4.72M $44.40/SF
− Vacancy
−$765.0K −$7.19/SF
EGI
$3.96M $37.21/SF
− OpEx
−$989.4K −$9.30/SF
NOI
$2.97M $27.91/SF
Area
Miami-Dade County, FL
Vacancy
16.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$59,362,040
Cap Rate 7%
$42,401,457
Cap Rate 9%
$32,978,911
Alternative Uses
Best Use
Office B
$42.40M
$37.10M – $49.47M
NOI $2,968,102 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$58.08M
$50.82M – $67.76M
NOI $4,065,755 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8,611
Businesses Nearby
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
Market
Average Price Trend$/SF for Office Units in Miami Beach, FL
Properties on Market for Office Units in Miami Beach
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Shell space beside the building lobby allows for a tenant-designed interior configuration.
Where is this office unit located?
The property is located at 1000 5th St # 103 Miami Beach, FL.
What are key features of this property?
This property features: 1,360 square feet of first‑floor shell office space; Suite 103 is positioned beside the building lobby; Secured building access and covered garage parking at a 4/1,000 ratio
