Renovated Three-Office
New
For Sale
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1680 Michigan Ave # 919, Miami Beach, FL 33139
A private office suite combines enclosed rooms, open work space, and windows facing Lincoln Road.
Property Size44,000 SF
Price / SF$0.11
Days on Market4
Property Features for 1680 Michigan Ave # 919
General Information
Standard status
Active
Size
44,000 SF
Net Rentable
980 SF
Total Parking Spaces
1
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$8,635
Amenities
concierge
property management
Building Details
Building Size
44,000 SF
Year Built
1974
Listing Agency:
AquaBlue Realty
Listed By:
Philippe Harari · License #0681784
Source:
Batrare
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 16 at 1:33PM
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 AquaBlue Realty
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Investment Insights
Based on property information with market context.
This renovated office suite offers 980 rentable square feet, with an entrance foyer, three private offices, an open work area, and a sink area. Oak hardwood floors, frameless glass enclosures, recessed lighting, and 10-foot ceilings define the interior. Large windows face Lincoln Road, and one assigned parking space is included.
The suite is at 1680 Michigan Ave in Miami Beach, steps from Lincoln Road and overlooking the Apple and Nike stores. The building was constructed in 1974 and has on-site concierge and property management. Rent includes air conditioning, electricity, and light office cleaning. An additional parking space may be rented, subject to availability.
The suite is at 1680 Michigan Ave in Miami Beach, steps from Lincoln Road and overlooking the Apple and Nike stores. The building was constructed in 1974 and has on-site concierge and property management. Rent includes air conditioning, electricity, and light office cleaning. An additional parking space may be rented, subject to availability.
Key Highlights
- 980 rentable square feet with three private offices and an open work area
- Renovated interior with oak hardwood floors, frameless glass enclosures, and recessed lighting
- 10‑foot ceilings and large windows facing Lincoln Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,166,220
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,324,400
$23.3M
Cap Rate 7%
$16,660,286
$16.7M
Cap Rate 9%
$12,958,000
$13.0M
Market Conditions
NOI Build-Up for 44,000 SF
Gross rent
$2.01M $45.60/SF
− Vacancy
−$451.4K −$10.26/SF
EGI
$1.55M $35.34/SF
− OpEx
−$388.7K −$8.84/SF
NOI
$1.17M $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%
$23,324,400
Cap Rate 7%
$16,660,286
Cap Rate 9%
$12,958,000
Alternative Uses
Best Use
Office B
$16.66M
$14.58M – $19.44M
NOI $1,166,220 @ 7.0% cap · market cap 23,418.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.32M
$19.53M – $26.04M
NOI $1,562,614 @ 7.0% cap · market cap 31,377.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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 units - A private office suite combines enclosed rooms, open work space, and windows facing Lincoln Road.
Where is this office units located?
The property is located at 1680 Michigan Ave # 919 Miami Beach, FL.
What are key features of this property?
This property features: 980 rentable square feet with three private offices and an open work area; Renovated interior with oak hardwood floors, frameless glass enclosures, and recessed lighting; 10‑foot ceilings and large windows facing Lincoln Road
