Office Unit in Art Deco
605 Lincoln Rd # 460, Miami Beach, FL 33139
For Sale
Contact for pricing
Private offices, open workspace, and conference areas support varied office configurations.
Property Size80,546 SF
Price / SF$0.04
Days on Market195
Property Features for 605 Lincoln Rd # 460
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
24-hour access
on-site property management
Building Details
Building Size
Year Built
Construction
Listing Agency:
Condoideas Realty Group LLC
Listed By:
Daniela Pellicciotti · License FL #3126890
(305) 490-9976
Source:
Casacollectiongroup
Added: May 5
Changed: Nov 14
Last Checked: Nov 14 at 2:27PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
$2,247,668
Suggested Prices Based on Cap Rates
Cap Rate 5%
$44,953,360
$45.0M
Cap Rate 7%
$32,109,543
$32.1M
Cap Rate 9%
$24,974,089
$25.0M
Market Conditions
NOI Build-Up for 80,546 SF
Gross rent
$3.58M $44.40/SF
− Vacancy
−$579.4K −$7.19/SF
EGI
$3.00M $37.21/SF
− OpEx
−$749.2K −$9.30/SF
NOI
$2.25M $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%
$44,953,360
Cap Rate 7%
$32,109,543
Cap Rate 9%
$24,974,089
Alternative Uses
Best Use
Office B
$32.11M
$28.10M – $37.46M
NOI $2,247,668 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$43.98M
$38.49M – $51.31M
NOI $3,078,893 @ 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
Open Analytics
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
$480,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Private offices, open workspace, and conference areas support varied office configurations.
Where is this office unit 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
