Renovated Office
New
For Sale
$2,250,000
1680 Michigan Avenue #817 K-P, Miami Beach, FL 33139
The suite pairs private offices with open work space, a kitchen and a separate lounge area.
Property Size2,560 SF
Price / SF$878.91
Days on Market2
Property Features for 1680 Michigan Avenue #817 K-P
General Information
Standard status
Active
Size
2,560 SF
Total Parking Spaces
6
Zoning
6600
Taxes and HOA fees
Annual Taxes
$30,616
Amenities
24/7 access
concierge lobby
occupant-controlled AC
Building Details
Building Size
2,560 SF
Year Built
1974
Stories
11
Listing Agency:
Las Olas R E Professionals
Listed By:
Shawn M Villarroel · License #3268115
(407) 733-6730
Source:
Laerrealty
Added: Oct 19
Last Checked: Oct 20 at 5:58PM
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 Las Olas R E Professionals
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Renovated in a 1974 building, this 2,560-square-foot office suite has six private offices and an open work area sized for eight people. A kitchen and lounge/break room support day-to-day use, while natural light reaches the workspace. The suite has occupant-controlled air conditioning during business hours, 24-hour access and six parking spaces. A concierge lobby serves the building.
At 1680 Michigan Avenue in Miami Beach, the office is steps from Lincoln Road. The suite is tenant-occupied through January 2027.
At 1680 Michigan Avenue in Miami Beach, the office is steps from Lincoln Road. The suite is tenant-occupied through January 2027.
Key Highlights
- 2,560 SF renovated office suite
- Six private offices and an open work area for eight
- Kitchen, lounge/break room and abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,853
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,357,060
$1.4M
Cap Rate 7%
$969,329
$969.3K
Cap Rate 9%
$753,922
$753.9K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$116.7K $45.60/SF
− Vacancy
−$26.3K −$10.26/SF
EGI
$90.5K $35.34/SF
− OpEx
−$22.6K −$8.84/SF
NOI
$67.9K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,357,060
Cap Rate 7%
$969,329
Cap Rate 9%
$753,922
Alternative Uses
Best Use
Office B
$969.3K
$848.2K – $1.13M
NOI $67,853 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,916 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The suite pairs private offices with open work space, a kitchen and a separate lounge area.
Where is this office unit located?
The property is located at 1680 Michigan Avenue #817 K-P Miami Beach, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 2,560 SF renovated office suite; Six private offices and an open work area for eight; Kitchen, lounge/break room and abundant natural light
