Lincoln Road Office with
1680 Michigan Ave # 918, Miami Beach, FL 33139
For Sale
Contact for pricing
Renovated office space on Lincoln Road with city views.
Property Size1,250 SF
Price / SF$760
Days on Market1554
Property Features for 1680 Michigan Ave # 918
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Ocean First Realty
Listed By:
Eddy Chabli · License FL #0508289
(305) 992-7575
Source:
Crexi
Added: Aug 15, 2022
Changed: Nov 8
Last Checked: Nov 14 at 5:33AM
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 Ocean First Realty
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Investment Insights
Based on property information with market context.
Located on Lincoln Road, this office space offers an expansive view. The property has been newly renovated and includes a private bathroom suite. Situated on the 9th floor, the office provides views of the City of Miami Beach. Office units 916 and 918 are integrated into this listing. The property has a size of 1250 square feet.
Key Highlights
- Prime location directly on Lincoln Road, across from the Apple store.
- Newly renovated office space.
- Expansive views of the City of Miami Beach from the 9th floor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,882
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,640
$697.6K
Cap Rate 7%
$498,314
$498.3K
Cap Rate 9%
$387,578
$387.6K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$55.5K $44.40/SF
− Vacancy
−$9.0K −$7.19/SF
EGI
$46.5K $37.21/SF
− OpEx
−$11.6K −$9.30/SF
NOI
$34.9K $27.91/SF
Area
Miami-Dade County, FL
Vacancy
16.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,640
Cap Rate 7%
$498,314
Cap Rate 9%
$387,578
Alternative Uses
Best Use
Office B
$498.3K
$436.0K – $581.4K
NOI $34,882 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$682.6K
$597.3K – $796.4K
NOI $47,782 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,628
Businesses Nearby
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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
$480,500
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Miami Beach, FL
Properties on Market for Office Units in Miami Beach
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Renovated office space on Lincoln Road with city views.
Where is this office unit located?
The property is located at 1680 Michigan Ave # 918 Miami Beach, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime location directly on Lincoln Road, across from the Apple store.; Newly renovated office space.; Expansive views of the City of Miami Beach from the 9th floor.
