Renovated Office
New
For Sale
$5,000,000
605 Lincoln Rd 500, Miami Beach, FL 33139
Fifth-floor office condominium with private offices, executive suites, and a conference room in a renovated professional setting.
Property Size9,800 SF
Price / SF$510.20
Days on Market3
Property Features for 605 Lincoln Rd 500
General Information
Standard status
Active
Size
9,800 SF
Elevators
Yes
Additional Details
Floor
5
Office Units
1
Building Details
Year Built
1932
Year Renovated
2025
Buildings
1
Listing Agency:
Compass Florida, LLC
(305) 632-8803
Listed By:
Menachem Fellig · License #A12025400
Source:
Mymiahomes
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 3:52AM
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 Compass Florida, LLC
Investment Insights
Based on property information with market context.
The entire fifth floor at 605 Lincoln Rd 500 comprises a 9,800 SF office condominium within a building constructed in 1932. Completed in 2025, the interior includes porcelain flooring, updated bathrooms, a modern kitchen, custom millwork, refreshed lighting, and other improvements. The layout contains 18 private offices, including two executive suites, along with a conference room and reception area. A secure elevator provides direct access to the suite, while natural light reaches the workspace throughout.
Located on Lincoln Road in Miami Beach, the property is surrounded by outdoor shopping, dining, and entertainment. Parking is available through the City of Miami Beach in the adjacent public parking garage. The single-tenant configuration can be adapted for multi-tenant use, and an approximately 800-room convention center hotel is under construction at an approved nearby site.
Located on Lincoln Road in Miami Beach, the property is surrounded by outdoor shopping, dining, and entertainment. Parking is available through the City of Miami Beach in the adjacent public parking garage. The single-tenant configuration can be adapted for multi-tenant use, and an approximately 800-room convention center hotel is under construction at an approved nearby site.
Key Highlights
- 9,800 SF fifth‑floor office condominium at 605 Lincoln Rd 500
- Interior fully renovated in 2025 with new flooring, bathrooms, kitchen, millwork, and lighting
- 18 private offices, including two executive suites, plus a conference room
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 | $446.9k | $45.60 |
| − Vacancy | −$100.5k | −$10.26 |
| EGI | $346.3k | $35.34 |
| − OpEx | −$86.6k | −$8.84 |
| NOI | $259.7k | $26.51 |
9,800 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
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.
Property Analytics
Current Use
Lease Details
1
Office units
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Fifth-floor office condominium with private offices, executive suites, and a conference room in a renovated professional setting.
Where is this office units 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 SF fifth‑floor office condominium at 605 Lincoln Rd 500; Interior fully renovated in 2025 with new flooring, bathrooms, kitchen, millwork, and lighting; 18 private offices, including two executive suites, plus a conference room
