Open-Plan Office
303-605 Lincoln Rd, Miami Beach, FL 33139
For Sale
Contact for pricing
Third-floor workspace pairs an open team area with fiber connectivity and room for two private offices.
Property Size1,562 SF
Price / SF$8.90
Days on Market18
Property Features for 303-605 Lincoln Rd
General Information
Standard status
Size
Space & Availability
Floor
Condition
Site & Location
Neighborhood
Additional Details
Property Use
Listing Agency:
BRG International , LLC
(305) 397-8788
Listed By:
Matias Alem · License FL #0698661
(786) 427-9115
Source:
Exprealty
Added: Oct 28
Changed: Nov 12
Last Checked: Nov 12 at 9:35AM
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 BRG International , LLC
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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.
Suite 303 is a 1,562-square-foot office on the third floor at 605 Lincoln Road. Its open layout supports shared work, with the option to configure two private offices. Modern wiring and fiber-optic internet are installed, and the suite is set up for immediate use. The lease term is negotiable.
The office fronts Lincoln Road’s pedestrian promenade, with restaurants and cafés nearby. A public parking garage is next door, and the Miami Beach Convention Center is a short walk away. The boardwalk and beach are also within walking distance.
The office fronts Lincoln Road’s pedestrian promenade, with restaurants and cafés nearby. A public parking garage is next door, and the Miami Beach Convention Center is a short walk away. The boardwalk and beach are also within walking distance.
Key Highlights
- 1,562‑square‑foot office suite on the third floor
- Open‑plan layout can accommodate two private offices
- Modern wiring and fiber‑optic internet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,588
Suggested Prices Based on Cap Rates
Cap Rate 5%
$871,760
$871.8K
Cap Rate 7%
$622,686
$622.7K
Cap Rate 9%
$484,311
$484.3K
Market Conditions
NOI Build-Up for 1,562 SF
Gross rent
$69.4K $44.40/SF
− Vacancy
−$11.2K −$7.19/SF
EGI
$58.1K $37.21/SF
− OpEx
−$14.5K −$9.30/SF
NOI
$43.6K $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%
$871,760
Cap Rate 7%
$622,686
Cap Rate 9%
$484,311
Alternative Uses
Best Use
Office B
$622.7K
$544.9K – $726.5K
NOI $43,588 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$853.0K
$746.4K – $995.1K
NOI $59,708 @ 7.0% cap
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
7,032
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
$480,500
Median Home Value
Market
Average Price Trend$/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 - Third-floor workspace pairs an open team area with fiber connectivity and room for two private offices.
Where is this office unit located?
The property is located at 303-605 Lincoln Rd Miami Beach, FL.
What are key features of this property?
This property features: 1,562‑square‑foot office suite on the third floor; Open‑plan layout can accommodate two private offices; Modern wiring and fiber‑optic internet
