Office Suite with Reception
605 Lincoln Rd # 250, Miami Beach, FL 33139
For Sale
Contact for pricing
Furnished workspace includes private offices, dedicated workstations, a conference area, and shared restrooms beside the suite.
Property Size20,000 SF
Price / SF$0.31
Days on Market27
Property Features for 605 Lincoln Rd # 250
General Information
Standard status
Size
Property subtype
Space & Availability
Condition
Furnished
Site & Location
Neighborhood
Road Access
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
JMK Real Estate Agents LLC
Listed By:
Mehdi Khachani · License FL #3352090
(305) 403-9540
Source:
Batrare
Added: Oct 20
Changed: Nov 14
Last Checked: Nov 14 at 1:40PM
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 JMK Real Estate Agents LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 250 is a furnished office unit at 605 Lincoln Road in Miami Beach. Its layout includes two private offices, six workstations, a conference area with a large table, and a separate reception and waiting area. Perimeter windows bring natural light into the workspace, and shared building restrooms are adjacent to the suite. The building dates to 1932.
The property is on Lincoln Road, with access to South Beach, Downtown Miami, and major Miami Beach roads.
The property is on Lincoln Road, with access to South Beach, Downtown Miami, and major Miami Beach roads.
Key Highlights
- Two private offices and six dedicated workstations
- Conference area with an oversized table
- Separate reception and waiting space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$558,108
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,162,160
$11.2M
Cap Rate 7%
$7,972,971
$8.0M
Cap Rate 9%
$6,201,200
$6.2M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$888.0K $44.40/SF
− Vacancy
−$143.9K −$7.19/SF
EGI
$744.1K $37.21/SF
− OpEx
−$186.0K −$9.30/SF
NOI
$558.1K $27.91/SF
Area
Miami-Dade County, FL
Vacancy
16.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,162,160
Cap Rate 7%
$7,972,971
Cap Rate 9%
$6,201,200
Alternative Uses
Best Use
Office B
$7.97M
$6.98M – $9.30M
NOI $558,108 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.92M
$9.56M – $12.74M
NOI $764,506 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Paved road access
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
$480,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Miami Beach, FL
Properties on Market for Office Units in Miami Beach
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Furnished workspace includes private offices, dedicated workstations, a conference area, and shared restrooms beside the suite.
Where is this office unit located?
The property is located at 605 Lincoln Rd # 250 Miami Beach, FL.
What are key features of this property?
This property features: Two private offices and six dedicated workstations; Conference area with an oversized table; Separate reception and waiting space
