Renovated Fifth-Floor Office
New
For Sale
$5,000,000
605 Lincoln Rd, Miami Beach, FL 33139
Commercial Sale, Miami Beach, FL
Property Size9,800 SF
Price / SF$510.20
Days on Market6
Property Features for 605 Lincoln Rd
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
6600
Lot features
Flood Zone
Subdivision
32
Standard status
Active
APN
02-32-34-168-0260
Taxes and HOA fees
Tax Description
605 LINCOLN ROAD OFFICE CONDO UNIT 500 UNDIV 1.05% INT IN COMMON ELEMENTS OFF REC 23213-0721 COC 23261-4613 04 2005 2
Legal Description
605 LINCOLN ROAD OFFICE CONDO UNIT 500 UNDIV 1.05% INT IN COMMON ELEMENTS OFF REC 23213-0721 COC 23261-4613 04 2005 2
Utilities
Water source
Public
Building Details
Year built
1932
Flooring type
Tile - Porcelian
Building materials
CBSConcreteBlockStructure, Block
Listing Agency:
Compass Florida, LLC
(305) 851-2820
Listed By:
Menachem Fellig · License #3291623
(786) 221-7700
Added: Oct 7
Changed: Oct 8
Last Checked: Oct 12 at 7:06AM
MLS# A12102058
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The fifth-floor office condominium at 605 Lincoln Road contains approximately 9,800 SF and was renovated in 2025. Its plan includes 18 private offices, including two executive suites, plus a conference room and a private reception area reached directly from a secure elevator. Improvements include porcelain flooring, updated bathrooms, a modern kitchen, custom millwork and updated lighting. Natural light reaches the office floor, and the existing single-tenant arrangement can be adapted for multi-tenant occupancy.
Lincoln Road’s shopping, dining and entertainment destinations are nearby. An approximately 800-room convention center hotel is under construction at an approved site in the area. Parking is available through the City of Miami Beach in the adjacent public garage.
Lincoln Road’s shopping, dining and entertainment destinations are nearby. An approximately 800-room convention center hotel is under construction at an approved site in the area. Parking is available through the City of Miami Beach in the adjacent public garage.
Key Highlights
- Approximately 9,800 SF office condominium on the fifth floor
- Renovated in 2025 with porcelain flooring, updated bathrooms, kitchen, millwork and 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.
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - A secure elevator opens to a private reception area, with a layout that can accommodate one or multiple tenants.
Where is this office units located?
The property is located at 605 Lincoln Rd 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: Approximately 9,800 SF office condominium on the fifth floor; Renovated in 2025 with porcelain flooring, updated bathrooms, kitchen, millwork and lighting; 18 private offices, including two executive suites, plus a conference room
