Multi-Suite Office
For Sale
Contact for pricing
235 Lincoln Rd, Miami Beach, FL 33139
Second- and third-floor offices can be combined to accommodate larger space requirements.
Property Size13,000 SF
Price / SF$0.00
Days on Market19
Property Features for 235 Lincoln Rd
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Office
Site & Location
Neighborhood
South Miami Beach
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$213,798
Building Details
Building Size
13,000 SF
Year Built
1947
Listing Agency:
Miami Matrix Realty, LLC.
Listed By:
Oksana Ivanenko · License #3324011
(786) 483-6648
Source:
Batrare
Added: Oct 12
Changed: Oct 28
Last Checked: Oct 28 at 4:20PM
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 Miami Matrix Realty, LLC.
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Investment Insights
Based on property information with market context.
Office units occupy the second and third floors at 235 Lincoln Rd in Miami Beach. Individual spaces range from approximately 475 to 1,650 square feet, with the option to combine multiple offices. The building dates to 1947.
Key Highlights
- Second‑floor office area totals 6,518 SF
- Third‑floor office area totals 6,585 SF
- Individual spaces range from approximately 475 to 1,650 SF and can be combined
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$344,565
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,891,300
$6.9M
Cap Rate 7%
$4,922,357
$4.9M
Cap Rate 9%
$3,828,500
$3.8M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$592.8K $45.60/SF
− Vacancy
−$133.4K −$10.26/SF
EGI
$459.4K $35.34/SF
− OpEx
−$114.9K −$8.84/SF
NOI
$344.6K $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%
$6,891,300
Cap Rate 7%
$4,922,357
Cap Rate 9%
$3,828,500
Alternative Uses
Best Use
Office B
$4.92M
$4.31M – $5.74M
NOI $344,565 @ 7.0% cap · market cap 984,471.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.60M
$5.77M – $7.69M
NOI $461,681 @ 7.0% cap · market cap 1,319,088.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
7,032
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Second- and third-floor offices can be combined to accommodate larger space requirements.
Where is this office unit located?
The property is located at 235 Lincoln Rd Miami Beach, FL.
What are key features of this property?
This property features: Second‑floor office area totals 6,518 SF; Third‑floor office area totals 6,585 SF; Individual spaces range from approximately 475 to 1,650 SF and can be combined
