Class A Office Building With
1680 MICHIGAN AV Unit 730A-H Miami Beach, FL 33139
For Sale
$1,700,000
Pending
Class A office building offering concierge services, exposed high ceilings, concrete floors, and an on-site parking garage.
Property Size4,724 SF
Days on Market5375
Property Features for 1680 MICHIGAN AV Unit 730A-H
General Information
Standard status
Pending
Size
4,724 SF
Property subtype
General Commercial
Building Details
Year Built
1974
Listing Agency:
Streamline Properties, Inc.
(305) 535-2900
Listed By:
Saul Gross
(305) 535-2900
Source:
Xome
Added: Nov 10, 2011
Changed: Jul 28
Last Checked: Jul 28 at 8:51AM
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 Streamline Properties, Inc.
Investment Insights
Based on property information with market context.
1680 MICHIGAN AV Unit 730A-H is a Class A office building with concierge in the lobby and exposed high ceilings with concrete floors. The property includes an on-site parking garage, with parking sold separately.
The building offers nice views of Lincoln Road. The available space can be divided for sale, including suite 733 (1,577 SF) with a lease expiring in 2013, and suite 730 (3,147 SF) which is vacant.
For buyers or tenants evaluating an office conversion or an end-to-end suite setup, the combination of concierge access, contemporary interior finishes, and flexible suite configuration supports multiple occupancy options within the same building.
The building offers nice views of Lincoln Road. The available space can be divided for sale, including suite 733 (1,577 SF) with a lease expiring in 2013, and suite 730 (3,147 SF) which is vacant.
For buyers or tenants evaluating an office conversion or an end-to-end suite setup, the combination of concierge access, contemporary interior finishes, and flexible suite configuration supports multiple occupancy options within the same building.
Key Highlights
- Class A office building with concierge in the lobby and exposed high ceilings
- Concrete floors throughout and on‑site parking garage
- 7 parking spaces available; parking sold separately for $25,000 per space
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 | $215.4k | $45.60 |
| − Vacancy | −$48.5k | −$10.26 |
| EGI | $166.9k | $35.34 |
| − OpEx | −$41.7k | −$8.84 |
| NOI | $125.2k | $26.51 |
4,724 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.79M
$1.57M – $2.09M
NOI $125,210 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,768 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Class A office building offering concierge services, exposed high ceilings, concrete floors, and an on-site parking garage.
Where is this office units located?
The property is located at 1680 MICHIGAN AV Unit 730A-H Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Class A office building with concierge in the lobby and exposed high ceilings; Concrete floors throughout and on‑site parking garage; 7 parking spaces available; parking sold separately for $25,000 per space
