605 Lincoln Road #500 Miami Beach, FL 33139
Fully renovated fifth-floor office condo with 18 private offices, conference room, secure elevator access, and modern finishes.
- Added:
- Jul 7, 2026
- Days on Market:
- 8
- Last Refresh:
- Jul 8 at 4:15 am
Property Features for 605 Lincoln Road #500
General Information
- Standard status
- Active
- Size
- 9,800 SF
Building Details
- Year Built
- 1932
Listing office Compass Florida, LLC (786) 221-7700
Listing date Jul 7, 2026
Source Laerrealty
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 office condo is laid out for efficient day-to-day operations, with 18 private offices, including two executive suites, plus a conference room. A secure elevator opens directly into a private reception area, supporting a controlled, professional arrival experience. Natural light is abundant throughout the floor.
This fifth-floor setup works well for a single-tenant organization that values privacy and dedicated reception space, while also offering the flexibility to be reconfigured for multi-tenant use if desired. The building is positioned just steps from Lincoln Road, a well-known outdoor shopping, dining, and entertainment destination, and it is near an approved convention center hotel site currently under construction. Parking is available through the City of Miami Beach in an adjacent public parking garage.
Key Highlights
- Entire 5th‑floor office condominium for sale totaling approximately 9,800 SF
- Fully renovated in 2025 with new porcelain flooring, upgraded bathrooms, brand new modern kitchen, custom millwork, and updated lighting
- Layout includes 18 private offices plus a conference room, including two executive suites
Local 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 |
