Fifth-Floor Office
500-605 Lincoln Rd Miami Beach, FL 33139
500-605 Lincoln Rd, Miami Beach, FL, 33139
$5,000,000
For Sale
$5,000,000
Fully renovated 2025 fifth-floor office condo features 18 private offices, conference room, and secure elevator reception.
Property Size9,800 SF
Price / SF$510.20
Days on Market199
Property Features for 500-605 Lincoln Rd
General Information
- Standard status
- Active
- Size
- 9,800 SF
Listing agency
Compass Florida, LLC
(786) 221-7700
Listed by
Menachem Fellig · License #A12025400
(786) 221-7700
Source
Exprealty
Added: Jan 5 Updated: Jul 22 at 1:12PM Checked: Jul 22 at 1:12PM
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 Compass Florida, LLC
Investment Insights
Based on property information with market context.
This offering includes the entire fifth floor office condominium at 605 Lincoln Road. The space was fully renovated in 2025 and includes new porcelain flooring, upgraded bathrooms, a brand new modern kitchen, custom millwork, and updated lighting. The layout provides 18 private offices, including two executive suites, along with a conference room, and a secure elevator that opens directly into a private reception area.
Parking is available through the City of Miami Beach in an adjacent public parking garage. The building is positioned steps from the approved convention center hotel site currently under construction for an approximately 800-room hotel.
The property is currently configured as a single tenant office floor, with flexibility noted for potential reconfiguration to multi-tenant use if desired.
Parking is available through the City of Miami Beach in an adjacent public parking garage. The building is positioned steps from the approved convention center hotel site currently under construction for an approximately 800-room hotel.
The property is currently configured as a single tenant office floor, with flexibility noted for potential reconfiguration to multi-tenant use if desired.
Key Highlights
- Entire 5th‑floor office condominium offered for sale, totaling approximately 9,800 SF
- Fully renovated in 2025 with new porcelain flooring, upgraded bathrooms, and a brand‑new modern kitchen
- Layout includes 18 private offices (including two executive suites) plus a conference room
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $446.9k | $45.60 |
| − Vacancy | −$100.5k | −$10.26 |
| EGI | $346.3k | $35.34 |
| − OpEx | −$86.6k | −$8.84 |
| NOI | $259.7k | $26.51 |
9,800 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.71M
$3.25M – $4.33M
NOI $259,749 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.97M
$4.35M – $5.80M
NOI $348,037 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Fully renovated 2025 fifth-floor office condo features 18 private offices, conference room, and secure elevator reception.
Where is this office units located?
The property is located at 500-605 Lincoln Rd Miami Beach, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Entire 5th‑floor office condominium offered for sale, totaling approximately 9,800 SF; Fully renovated in 2025 with new porcelain flooring, upgraded bathrooms, and a brand‑new modern kitchen; Layout includes 18 private offices (including two executive suites) plus a conference room
