Renovated Office
For Sale
$5,000,000
605 Lincoln Rd 500, Miami Beach, FL 33139
The fifth-floor workspace includes private offices, executive suites, a conference room, and a secured elevator entry.
Property Size9,800 SF
Price / SF$510.20
Days on Market12
Property Features for 605 Lincoln Rd 500
General Information
Standard status
Active
Size
9,800 SF
Elevators
Yes
Property subtype
CommercialSale
Zoning
6600
Space & Availability
Floor
5
Condition
Newly Renovated
Site & Location
Neighborhood
South Miami Beach
Additional Details
Property Use
Office
Amenities
PorcelainTile
FloodZone
Public
false
9800
Building Details
Building Size
9,800 SF
Year Built
1932
Year Renovated
2025
Listing Agency:
(954) 633-8136
Listed By:
Flor K. Rosario
Source:
Integrityfloridarealty
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 30 at 1:34AM
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 Flor K. Rosario
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Investment Insights
Based on property information with market context.
The fifth-floor office condominium at 605 Lincoln Road spans 9,800 square feet and was renovated in 2025. Its layout has 18 private offices, including two executive suites, along with a conference room. A secured elevator opens into a private reception area. Renovations include porcelain flooring, updated bathrooms, a modern kitchen, custom millwork, and updated lighting. The building was constructed in 1932.
Lincoln Road is the property’s setting, with shopping, dining, and entertainment nearby. Parking is available in the adjacent public garage through the City of Miami Beach.
Lincoln Road is the property’s setting, with shopping, dining, and entertainment nearby. Parking is available in the adjacent public garage through the City of Miami Beach.
Key Highlights
- 9,800‑square‑foot office condominium occupying the building’s entire fifth floor
- Renovated in 2025 with porcelain flooring, updated bathrooms, a modern kitchen, custom millwork, and upgraded lighting
- 18 private offices, including two executive suites, plus a conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$259,749
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,194,980
$5.2M
Cap Rate 7%
$3,710,700
$3.7M
Cap Rate 9%
$2,886,100
$2.9M
Market Conditions
NOI Build-Up for 9,800 SF
Gross rent
$446.9K $45.60/SF
− Vacancy
−$100.5K −$10.26/SF
EGI
$346.3K $35.34/SF
− OpEx
−$86.6K −$8.84/SF
NOI
$259.7K $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%
$5,194,980
Cap Rate 7%
$3,710,700
Cap Rate 9%
$2,886,100
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
7,652
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The fifth-floor workspace includes private offices, executive suites, a conference room, and a secured elevator entry.
Where is this office unit located?
The property is located at 605 Lincoln Rd 500 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: 9,800‑square‑foot office condominium occupying the building’s entire fifth floor; Renovated in 2025 with porcelain flooring, updated bathrooms, a modern kitchen, custom millwork, and upgraded lighting; 18 private offices, including two executive suites, plus a conference room
