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Property profile & analytics
OFF-MARKET Estimated value $8,305,000
Retail space

605 Lincoln Rd 100 Miami Beach, FL 33139-2900

3,310 SF Built 1932
Entity Owned 13-yr Hold Free & Clear
Property ID
US18-3518451
Property summary
AI-generated overview

This exceptional 80,546-square-foot office space is available for lease, starting February 1st, 2025. Located at 605 Lincoln Road #460 in Miami Beach, Florida (zip code 33139), this single-tenant property is situated within a renowned Art Deco Streamline Modern building. The seven-story building features a total of one suite, offering a blend of private offices, open workspaces, and dedicated conference areas, perfect for a large organization or a company seeking expansive space. The property's prime location places it within easy walking distance of the newly renovated Miami Beach Convention Center, the New World Symphony, City Hall, numerous hotels, and a variety of popular restaurants. Three parking garages are conveniently located within a one-block radius, ensuring ample parking for employees and clients. The rental price includes utilities such as electricity, water, trash removal, and cleaning services, along with on-site property management. The building offers 24-hour access, providing flexibility and convenience for occupants. The property's APN is 02-32-34-168-0250 and is zoned 6600. This is a unique opportunity to secure a prominent office space in a highly desirable Miami Beach location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1932
Total area 3,310 SF
Zoning code 6600:COMMERCIAL,LIBERAL
APN 02-3234-168-0010
UPID US18-3518451
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.31M
Owner & transaction history
Thor Asb 605 Lincoln Road LLC · 13 yrs held
Thor Asb 605 Lincoln Road LLC
since 2013
7 recorded transactions
2013
$22.5M
2005
$13.5M
2005
$359,000
2005
$8.5M
2005
$1.1M
2004
$18.0M
1969
Price N/A
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $8.3M +7.6%
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