Turnkey Waterfront Office
90 Alton Rd, Miami Beach, FL 33139
For Sale
Contact for pricing
Turnkey office suite with an open layout, modern finishes, high ceilings, and floor-to-ceiling windows overlooking a marina.
Property Size471,107 SF
Price / SF$0.00
Days on Market132
Property Features for 90 Alton Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Amenities
marina views
valet service
Building Details
Building Size
Listing Agency:
The Corcoran Group
Listed By:
Mario Stocco · License FL #3083242
(305) 206-6231
Source:
Allyandaj
Added: Jul 6
Changed: Nov 3
Last Checked: Nov 12 at 4:01PM
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 The Corcoran Group
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Investment Insights
Based on property information with market context.
Turnkey office suite positioned within the Yacht Club at Miami Beach. The space is designed with an efficient open layout and modern finishes, with high ceilings and floor-to-ceiling windows that bring in abundant natural light and provide waterfront views of the marina.
The suite includes direct access to four (4) dedicated parking spots, with additional parking options and a valet service provided by the building. The Yacht Club is described as being in the South of 5th district, with proximity to Sunset Harbour, Lincoln Road, and dining, along with connectivity to the mainland.
As presented, the offering combines a professional workplace configuration with a prominent waterfront setting and convenient on-site parking for staff and clients.
The suite includes direct access to four (4) dedicated parking spots, with additional parking options and a valet service provided by the building. The Yacht Club is described as being in the South of 5th district, with proximity to Sunset Harbour, Lincoln Road, and dining, along with connectivity to the mainland.
As presented, the offering combines a professional workplace configuration with a prominent waterfront setting and convenient on-site parking for staff and clients.
Key Highlights
- Office suite with an open layout, modern finishes, high ceilings, and floor‑to‑ceiling windows
- Waterfront views overlooking the marina and yachts
- Turnkey office space in the Yacht Club at Miami Beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,146,429
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,928,580
$262.9M
Cap Rate 7%
$187,806,129
$187.8M
Cap Rate 9%
$146,071,433
$146.1M
Market Conditions
NOI Build-Up for 471,107 SF
Gross rent
$20.92M $44.40/SF
− Vacancy
−$3.39M −$7.19/SF
EGI
$17.53M $37.21/SF
− OpEx
−$4.38M −$9.30/SF
NOI
$13.15M $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%
$262,928,580
Cap Rate 7%
$187,806,129
Cap Rate 9%
$146,071,433
Alternative Uses
Best Use
Office B
$187.81M
$164.33M – $219.11M
NOI $13,146,429 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$257.26M
$225.10M – $300.14M
NOI $18,008,197 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,165
Businesses Nearby
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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
$480,500
Median Home Value
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Market
Average Price Trend$/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 - Turnkey office suite with an open layout, modern finishes, high ceilings, and floor-to-ceiling windows overlooking a marina.
Where is this office unit located?
The property is located at 90 Alton Rd Miami Beach, FL.
What are key features of this property?
This property features: Office suite with an open layout, modern finishes, high ceilings, and floor‑to‑ceiling windows; Waterfront views overlooking the marina and yachts; Turnkey office space in the Yacht Club at Miami Beach
