Oceanfront Retail-Office
For Sale
$399,000
5005 Collins Ave # C2, Miami Beach, FL 33140
Versatile suite currently used as a real estate office with one assigned parking space and building amenity access.
Property Size455 SF
Price / SF$876.92
Days on Market97
Property Features for 5005 Collins Ave # C2
General Information
Standard status
Active
Size
455 SF
Total Parking Spaces
1
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$5,169
Building Details
Building Size
455 SF
Year Built
1964
Owner Occupied
Yes
Listing Agency:
Avant International Realty, LLC
Listed By:
Stephen Ortiz · License #3266633
(786) 285-2070
Source:
Miamibrokersgroup
Added: Jul 26
Changed: Oct 28
Last Checked: Oct 28 at 2:53PM
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 Avant International Realty, LLC
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Investment Insights
Based on property information with market context.
This oceanfront commercial suite is currently operated as a real estate office and offers flexibility for approved alternative uses, including retail, professional office, personal service, or café. The space includes access to building amenities and comes with one assigned parking space, with additional parking available for rent through management.
The seller indicates maintenance covers A/C bills/maintenance and all utilities except interior FPL electric, estimated at approximately $45 per month. The owner is currently occupied, and the listing notes that it is easy to show, with sellers flexible on closing time.
For buyers, the seller is also open to considering seller financing depending on terms. The seller will pay the assessment at closing.
The seller indicates maintenance covers A/C bills/maintenance and all utilities except interior FPL electric, estimated at approximately $45 per month. The owner is currently occupied, and the listing notes that it is easy to show, with sellers flexible on closing time.
For buyers, the seller is also open to considering seller financing depending on terms. The seller will pay the assessment at closing.
Key Highlights
- Versatile commercial suite (455 SF) currently used as a real estate office
- Leaseholder can seek approval for retail, professional office, personal service, or cafe use
- 1 assigned parking space included; additional parking available for rent through management
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,060
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,200
$241.2K
Cap Rate 7%
$172,286
$172.3K
Cap Rate 9%
$134,000
$134.0K
Market Conditions
NOI Build-Up for 455 SF
Gross rent
$20.7K $45.60/SF
− Vacancy
−$4.7K −$10.26/SF
EGI
$16.1K $35.34/SF
− OpEx
−$4.0K −$8.84/SF
NOI
$12.1K $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%
$241,200
Cap Rate 7%
$172,286
Cap Rate 9%
$134,000
Alternative Uses
Best Use
Office B
$172.3K
$150.8K – $201.0K
NOI $12,060 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$230.8K
$202.0K – $269.3K
NOI $16,159 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
Explore this area
Business Placement
Demographics for 33140, FL
19,315
Population
16,000
Households
1.2
Avg Household Size
46
Median Age
62%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,231
Density / Sq Mi
$103,898
Median Household Income
$65,708
Median Earnings
$2,020
Median Rent
$863,600
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 - Versatile suite currently used as a real estate office with one assigned parking space and building amenity access.
Where is this office unit located?
The property is located at 5005 Collins Ave # C2 Miami Beach, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Versatile commercial suite (455 SF) currently used as a real estate office; Leaseholder can seek approval for retail, professional office, personal service, or cafe use; 1 assigned parking space included; additional parking available for rent through management
