5601 Collins Avenue, Miami Beach, FL 33140
Mezzanine office suite in an oceanfront condominium with complimentary access to beach, gym, and pool amenities.
- Added:
- Jul 25, 2025
- Days on Market:
- 340
- Last Refresh:
- Jun 20 at 2:26 am
Property Features for 5601 Collins Avenue
General Information
- Standard status
- Active
- Size
- 1,130 SF
- Property subtype
- Office
Building Details
- Year Built
- 1968
Listing office Galiano Realty Group (305) 975-5270
Listing date Jul 25, 2025
Source Xome
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 Galiano Realty Group
HighLights
- Mezzanine office suite in an oceanfront condominium (The Pavilion Condominium) on Miami Beach
- Approx. 1,130 SF office space
- Central air conditioning
- Assigned parking space
- Unit includes access to building amenities: beach, gym, and pool
- Currently partially rented, with immediate monthly rental income available
Overview
The property is located at 5601 Collins Avenue in Miami Beach, Florida. It is identified as being within an oceanfront building setting, with tenant and owner access tied to the condominium’s amenities.
For buyers seeking a professional office environment with onsite amenity access, this suite offers flexibility between partial investment income and full occupancy depending on tenancy status. It may also appeal to office users who want a turnkey setup for professional services in a condominium building. Please note the listing cannot be shown from June 22 through June 26, 2026.
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 | $51.5k | $45.60 |
| − Vacancy | −$11.6k | −$10.26 |
| EGI | $39.9k | $35.34 |
| − OpEx | −$10.0k | −$8.84 |
| NOI | $30.0k | $26.51 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.120259
- Latitude
- 25.836814
