Iconic South Beach Office
For Sale
Contact for pricing
530 11th St, Miami Beach, FL 33139
Two-story, 6,800+ SF office building in prime South Beach location.
Property Size6,894 SF
Price / SF$848.56
Days on Market3205
Property Features for 530 11th St
General Information
Standard status
Active
Size
6,894 SF
Property subtype
Office
Building Details
Year Built
1934
Listing Agency:
Sotheby's International Realty Miami Beach
(305) 538-9711
Listed By:
Susan Gale · License #0394993
Source:
Crexi
Added: Oct 25, 2017
Changed: Jul 10
Last Checked: Aug 3 at 12:29PM
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 Sotheby's International Realty Miami Beach
Investment Insights
Based on property information with market context.
This iconic two-story office building offers over 6,800 square feet of flexible space in a prime corner location in South Beach, across from the Miami Beach Police & Court Facility. The Regal Executive Center features a renovated lobby by Edge of Architecture. Adjacent to the 180-room Sonder The Deco Hotel with its tropical garden setting along Washington Avenue, this property has residential office zoning. It is located two blocks from Ocean Drive. The property is suited for legal offices near the Court, or for an architect or creative professional. The space could also be used as a live/work space.
Key Highlights
- Prime corner location in South Beach, across from the Miami Beach Police & Court Facility.
- Boasting over 6,800 SF of flexible office space.
- Beautifully renovated with a lobby designed by award‑winning Edge of Architecture.
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 | $314.4k | $45.60 |
| − Vacancy | −$70.7k | −$10.26 |
| EGI | $243.6k | $35.34 |
| − OpEx | −$60.9k | −$8.84 |
| NOI | $182.7k | $26.51 |
6,894 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.61M
$2.28M – $3.05M
NOI $182,725 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.50M
$3.06M – $4.08M
NOI $244,833 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,840
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two-story, 6,800+ SF office building in prime South Beach location.
Where is this office building located?
The property is located at 530 11th St Miami Beach, FL.
What is the asking price?
The asking price for this property is $5,850,000.
What are key features of this property?
This property features: Prime corner location in South Beach, across from the Miami Beach Police & Court Facility.; Boasting over 6,800 SF of flexible office space.; Beautifully renovated with a lobby designed by award‑winning Edge of Architecture.
