Open-Plan Office
New
For Sale
Contact for pricing
605 Lincoln Road #303, Miami Beach, FL 33139
Modern wiring and fiber-optic connectivity support day-to-day business operations.
Property Size1,562 SF
Price / SF$8.90
Days on Market3
Property Features for 605 Lincoln Road #303
General Information
Standard status
Active
Size
1,562 SF
Property subtype
Office
Space & Availability
Floor
3
Condition
Move-in Ready
Site & Location
Neighborhood
South Miami Beach
Additional Details
Property Use
Office
Amenities
modern wiring
fiber optic internet
high-speed connectivity
advanced teleconferencing
Building Details
Year Built
1932
Listing Agency:
BRG International , LLC
(305) 397-8788
Listed By:
Matias Alem · License #0698661
(786) 427-9115
Source:
Lehmannflorida
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 11:46AM
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 BRG International , 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 1,562 SF office suite occupies the third floor at 605 Lincoln Road. Its open layout can be reconfigured to add two private offices, while modern wiring and fiber-optic internet are installed throughout. The suite is presented as ready for immediate use.
The property fronts Lincoln Road’s pedestrian promenade, with restaurants and cafes nearby. A public parking garage is immediately adjacent, and the Miami Beach Convention Center is a short walk away. The boardwalk and beach are also within walking distance.
The property fronts Lincoln Road’s pedestrian promenade, with restaurants and cafes nearby. A public parking garage is immediately adjacent, and the Miami Beach Convention Center is a short walk away. The boardwalk and beach are also within walking distance.
Key Highlights
- 1,562 SF office suite on the third floor
- Open layout with flexibility to add two private offices
- Modern wiring and fiber‑optic internet throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,401
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,020
$828.0K
Cap Rate 7%
$591,443
$591.4K
Cap Rate 9%
$460,011
$460.0K
Market Conditions
NOI Build-Up for 1,562 SF
Gross rent
$71.2K $45.60/SF
− Vacancy
−$16.0K −$10.26/SF
EGI
$55.2K $35.34/SF
− OpEx
−$13.8K −$8.84/SF
NOI
$41.4K $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%
$828,020
Cap Rate 7%
$591,443
Cap Rate 9%
$460,011
Alternative Uses
Best Use
Office B
$591.4K
$517.5K – $690.0K
NOI $41,401 @ 7.0% cap · market cap 297.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$792.5K
$693.4K – $924.6K
NOI $55,473 @ 7.0% cap · market cap 399.09%
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Modern wiring and fiber-optic connectivity support day-to-day business operations.
Where is this office unit located?
The property is located at 605 Lincoln Road #303 Miami Beach, FL.
What are key features of this property?
This property features: 1,562 SF office suite on the third floor; Open layout with flexibility to add two private offices; Modern wiring and fiber‑optic internet throughout
