Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1674-1688 Meridian Ave Miami Beach, FL 33139

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime location office space near world-famous shopping and dining.

    Property size:
    780 SF
    Lot size:
    1.15 Acres

    Property Features for 1674-1688 Meridian Ave

    General Information

    Size
    780 SF
    Lot size
    1.15 Acres

    We can help!

    Listing Contact
    Steven Hurwitz
    Steven Hurwitz
    Source: Moodyscre

    Listing Agent: Steven Hurwitz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Office Space Near Lincoln

    This property is undergoing a transformative renovation, including exterior enhancements, a new lobby, common areas, and an elevator. Full floors are available, providing a unique branding opportunity. There is potential for signage and naming rights with exposure to Meridian Avenue and Lincoln Road. Valet parking is available, with an abundance of public and private parking adjacent to the building. The location is easily accessible by car and public transportation, and is located within minutes of downtown Miami and the financial district. The master plan looks to expand and enhance the economic and social vibrancy of the Lincoln Road District through design in the public realm, to make for a truly exceptional urban experience. The Lincoln Road master plan aims to create a world-class, 21st-century shopping, dining, and cultural district inspired by the unique history and character of Lincoln Road. As a significant social and civic spine for the city, the new Lincoln Road District will foster community, connectivity, and social exchange, and thrive as both a revitalized centerpiece of the community as well as a must-see destination for visitors from around the world. The property is just steps away from Lincoln Road, a world-famous shopping district with shopping, dining, and entertainment options. The property offers 780 square feet of office space.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.136904
    Latitude
    25.791576

    Nearby Similar for Lease

    • $14,000 /Mo

      Turnkey Restaurant Space in Miami Beach

      Equipped restaurant space for lease in high-traffic Miami Beach.
      1216 Washington Ave, Miami Beach, FL 33139
      View Details
    • $50 SF/Yr

      Class A Office Space Available

      Spacious, efficient office suite in prime Miami Beach location.
      1000 5Th St, Miami Beach, FL 33139
      View Details
    • $5,000 /Mo

      Landmark Miami Beach Office Space

      Prime office and retail spaces in iconic, highly visible building.
      4100 Pine Tree Dr, Miami Beach, FL 33140
      View Details
    • $12,000 /Mo

      Miami Beach Retail Space Available

      Retail space in high-traffic Miami Beach location, ideal for boutiques.
      1218 Washington Ave, Miami Beach, FL 33139
      View Details
    • $37,000

      Miami Beach Office with Terrace

      Sophisticated office space with high ceilings and outdoor terrace.
      6930 Collins Ave, Miami Beach, FL 33141
      View Details
    • $8,000 /Mo

      Miami Beach Office Space For Lease

      Office spaces available in North Beach with flexible configurations.
      6930 Collins Ave, Miami Beach, FL 33141
      View Details
    • $65 SF/Yr

      Miami Beach Office For Lease

      Office space for lease in a premier South Beach location.
      1355 Alton Rd, Miami Beach, FL 33139
      View Details
    • $67 SF/Yr

      Miami Beach Commercial Space Available

      Prime commercial space suitable for restaurant, retail, or office.
      555 Jefferson Ave, Miami Beach, FL 33139
      View Details
    • $2,859 /Mo

      Miami Beach Office Space For Lease

      Office spaces available in North Beach with flexible lease terms.
      6936 Collins Ave, Miami Beach, FL 33141
      View Details
    • $80 SF/Yr
      80,546 SF

      Lincoln Road Modern Office Space

      Premier office space for lease in the heart of Miami Beach.
      605 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • $1,500 /Mo

      North Beach Shared Office Solution

      Short-term shared office spaces in North Beach, available for lease.
      6930 Collins Ave, Miami Beach, FL 33141
      View Details
    • $65 SF/Yr

      Miami Beach Class A Office

      Well-designed office space in a Class A building.
      1000 5Th St, Miami Beach, FL 33139
      View Details

    FAQs

    What type of property is this?
    Office space - Prime location office space near world-famous shopping and dining.
    Where is this office space located?
    The property is located at 1674-1688 Meridian Ave Miami Beach, FL.
    What are key features of this property?
    This property features: - Prime location steps from Lincoln Road's world-famous shopping, dining, and entertainment.; - Potential building signage and naming rights with exposure to Meridian Avenue and Lincoln Road.; - Full floors available, offering unique branding opportunities and occupancy perks.
    (305) 704-1403 Call to check price and availability
    Request Owner's contact information
    1674-1688 Meridian Ave Miami Beach, FL 33139
    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.
    1674-1688 Meridian Ave
    Miami Beach, FL 33139
    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
    1674-1688 Meridian Ave Miami Beach, FL 33139
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steven Hurwitz
    Steven Hurwitz
    Real Estate License ID: SL706981
    (305) 704-1403 (305) 960-8441
    Learn more
    Google sign-in failed. Please try again or use another login method.