Office Suite with Private
For Sale
Contact for pricing
1680 Michigan Ave # 914, Miami Beach, FL 33139
A furnished-feeling professional layout includes enclosed workrooms, meeting space, and a kitchenette in a managed building.
Property Size991 SF
Price / SF$6
Days on Market36
Property Features for 1680 Michigan Ave # 914
General Information
Standard status
Active
Size
991 SF
Total Parking Spaces
2
Property subtype
Office
Site & Location
Neighborhood
South Miami Beach
Additional Details
Condition
Turnkey
Office Units
1
Property Use
Office
Amenities
on-site concierge and management
conference room
kitchenette
Building Details
Building Size
991 SF
Year Built
1974
Buildings
1
Listing Agency:
Douglas Elliman
Listed By:
Vanesa Carpignano · License #3261456
(305) 790-1249
Source:
Emporiore
Added: Sep 23
Changed: Oct 27
Last Checked: Oct 27 at 3:37AM
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 Douglas Elliman
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Investment Insights
Based on property information with market context.
This 991-square-foot office suite at 1680 Michigan Ave # 914 contains five glass-enclosed, sound-insulated offices, a conference room, and a kitchenette. The workspace also has an open area, recessed lighting, and large windows with a view of the Apple Store. The building, constructed in 1974 and renovated, offers on-site concierge and management services.
The property is in Miami Beach, half a block from Lincoln Road. Two assigned parking spaces are included. The layout combines private offices with shared meeting and open work areas.
The property is in Miami Beach, half a block from Lincoln Road. Two assigned parking spaces are included. The layout combines private offices with shared meeting and open work areas.
Key Highlights
- 991 SF office suite with five private, sound‑insulated offices
- Conference room, kitchenette, and open work area
- Two assigned parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,266
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,320
$525.3K
Cap Rate 7%
$375,229
$375.2K
Cap Rate 9%
$291,844
$291.8K
Market Conditions
NOI Build-Up for 991 SF
Gross rent
$45.2K $45.60/SF
− Vacancy
−$10.2K −$10.26/SF
EGI
$35.0K $35.34/SF
− OpEx
−$8.8K −$8.84/SF
NOI
$26.3K $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%
$525,320
Cap Rate 7%
$375,229
Cap Rate 9%
$291,844
Alternative Uses
Best Use
Office B
$375.2K
$328.3K – $437.8K
NOI $26,266 @ 7.0% cap · market cap 441.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$502.8K
$439.9K – $586.6K
NOI $35,194 @ 7.0% cap · market cap 591.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
7,628
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A furnished-feeling professional layout includes enclosed workrooms, meeting space, and a kitchenette in a managed building.
Where is this office unit located?
The property is located at 1680 Michigan Ave # 914 Miami Beach, FL.
What are key features of this property?
This property features: 991 SF office suite with five private, sound‑insulated offices; Conference room, kitchenette, and open work area; Two assigned parking spaces
