Office Unit in Art Deco
For Sale
Contact for pricing
605 Lincoln Rd # 460, Miami Beach, FL 33139
Private offices, open workspace, and conference areas support varied office configurations.
Property Size80,546 SF
Price / SF$0.04
Days on Market167
Property Features for 605 Lincoln Rd # 460
General Information
Standard status
Active
Size
80,546 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$6,891
Amenities
24-hour access
on-site property management
Building Details
Building Size
80,546 SF
Year Built
1932
Construction
Art Deco Streamline Modern
Listing Agency:
Condoideas Realty Group LLC
Listed By:
Daniela Pellicciotti · License #3126890
(305) 491-5583
Source:
Casacollectiongroup
Added: May 5
Changed: Oct 14
Last Checked: Oct 16 at 6:34PM
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 Condoideas Realty Group LLC
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Investment Insights
Based on property information with market context.
This office unit is located within a 1932 Art Deco Streamline Modern building and offers a mix of private offices, open workspace, and conference areas. The property size is 80,546 square feet, with on-site property management and access to a 24-hour work building.
The property is located at 605 Lincoln Rd # 460 in Miami Beach, near the Miami Beach Convention Center, New World Symphony, City Hall, major hotels, and popular restaurants. Three parking garages are located within a one-block radius. The building also includes electric, water, trash removal, cleaning, and janitorial services.
The property is located at 605 Lincoln Rd # 460 in Miami Beach, near the Miami Beach Convention Center, New World Symphony, City Hall, major hotels, and popular restaurants. Three parking garages are located within a one-block radius. The building also includes electric, water, trash removal, cleaning, and janitorial services.
Key Highlights
- Office unit with private offices, open workspace, and conference areas
- Located in a 1932 Art Deco Streamline Modern building
- Property size: 80,546 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,134,872
Suggested Prices Based on Cap Rates
Cap Rate 5%
$42,697,440
$42.7M
Cap Rate 7%
$30,498,171
$30.5M
Cap Rate 9%
$23,720,800
$23.7M
Market Conditions
NOI Build-Up for 80,546 SF
Gross rent
$3.67M $45.60/SF
− Vacancy
−$826.4K −$10.26/SF
EGI
$2.85M $35.34/SF
− OpEx
−$711.6K −$8.84/SF
NOI
$2.13M $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%
$42,697,440
Cap Rate 7%
$30,498,171
Cap Rate 9%
$23,720,800
Alternative Uses
Best Use
Office B
$30.50M
$26.69M – $35.58M
NOI $2,134,872 @ 7.0% cap · market cap 71,162.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$40.86M
$35.76M – $47.68M
NOI $2,860,507 @ 7.0% cap · market cap 95,350.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,652
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Private offices, open workspace, and conference areas support varied office configurations.
Where is this office units located?
The property is located at 605 Lincoln Rd # 460 Miami Beach, FL.
What are key features of this property?
This property features: Office unit with private offices, open workspace, and conference areas; Located in a 1932 Art Deco Streamline Modern building; Property size: 80,546 square feet
