Commercial Condo Near Beach
For Sale
$398,500
5601 Collins Ave CU-9, Miami Beach, FL 33140
Commercial condo with beach, gym, and pool access.
Property Size1,100 SF
Price / SF$362.27
Days on Market100
Property Features for 5601 Collins Ave CU-9
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Commercial
Listing Agency:
(305) 523-9801
Listed By:
Jenifer Caplan
(305) 523-9801
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 31 at 6:57AM
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 Jenifer Caplan
Investment Insights
Based on property information with market context.
This 1,100-square-foot commercial condominium is located on the second floor of a renovated building and offers potential for various business uses. The unit includes a kitchen and access to the beach, gym, and pool for tenants and their guests. The property is suitable for an office, AI computer farm, podcast studio, yoga studio, wellness center, law firm, or high-end storage. The location has a walk score of 91, indicating it is a walker's paradise, a bike score of 70, indicating it is very bikeable, and a transit score of 54, indicating good transit options. Seller financing is available.
Key Highlights
- Walker's Paradise: Walk Score of 91.
- Seller financing available.
- Access to beach, gym, and pool for tenants and guests.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.2k | $45.60 |
| − Vacancy | −$11.3k | −$10.26 |
| EGI | $38.9k | $35.34 |
| − OpEx | −$9.7k | −$8.84 |
| NOI | $29.2k | $26.51 |
1,100 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$416.5K
$364.5K – $485.9K
NOI $29,156 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$558.1K
$488.3K – $651.1K
NOI $39,065 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Explore this area
Business Placement
Demographics for 33140, FL
19,315
Population
16,000
Households
1.2
Avg Household Size
46
Median Age
62%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,231
Density / Sq Mi
$103,898
Median Household Income
$65,708
Median Earnings
$2,020
Median Rent
$863,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Commercial condo with beach, gym, and pool access.
Where is this office units located?
The property is located at 5601 Collins Ave CU-9 Miami Beach, FL.
What is the asking price?
The asking price for this property is $398,500.
What are key features of this property?
This property features: Walker's Paradise: Walk Score of 91.; Seller financing available.; Access to beach, gym, and pool for tenants and guests.
