Renovated Office Suite with Glass
New
For Sale
Contact for pricing
919-1680 Michigan Ave, Miami Beach, FL 33139
A private office layout pairs three enclosed workspaces with a generous open area and one assigned parking space.
Property Size980 SF
Price / SF$5.08
Days on Market6
Property Features for 919-1680 Michigan Ave
General Information
Standard status
Active
Size
980 SF
Net Rentable
980 SF
Total Parking Spaces
1
Taxes and HOA fees
Annual Taxes
$8,635
Amenities
concierge
property management
Listing Agency:
AquaBlue Realty
(305) 672-3232
Listed By:
Philippe Harari
(305) 283-5151
Source:
Exprealty
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:29PM
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 AquaBlue Realty
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Investment Insights
Based on property information with market context.
This 980-square-foot office suite has an entrance foyer, three private offices, an open work area, and a sink area. Oak hardwood floors, 10-foot ceilings, recessed lighting, and frameless glass enclosures define the interior. Large windows face Lincoln Road, and the space has been renovated. One assigned parking space is included; a second may be rented subject to availability.
The suite is at 919-1680 Michigan Ave in Miami Beach, steps from Lincoln Road and overlooking the Apple and Nike stores. On-site concierge and property management serve the building. Air conditioning, electricity, and light office cleaning are included.
The suite is at 919-1680 Michigan Ave in Miami Beach, steps from Lincoln Road and overlooking the Apple and Nike stores. On-site concierge and property management serve the building. Air conditioning, electricity, and light office cleaning are included.
Key Highlights
- 980 rentable square feet with three private offices and an open work area
- 10‑foot ceilings, oak hardwood flooring, and recessed lighting
- Frameless glass enclosures and large windows facing Lincoln Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,975
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,500
$519.5K
Cap Rate 7%
$371,071
$371.1K
Cap Rate 9%
$288,611
$288.6K
Market Conditions
NOI Build-Up for 980 SF
Gross rent
$44.7K $45.60/SF
− Vacancy
−$10.1K −$10.26/SF
EGI
$34.6K $35.34/SF
− OpEx
−$8.7K −$8.84/SF
NOI
$26.0K $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%
$519,500
Cap Rate 7%
$371,071
Cap Rate 9%
$288,611
Alternative Uses
Best Use
Office B
$371.1K
$324.7K – $432.9K
NOI $25,975 @ 7.0% cap · market cap 521.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.2K
$435.1K – $580.1K
NOI $34,804 @ 7.0% cap · market cap 698.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,044
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A private office layout pairs three enclosed workspaces with a generous open area and one assigned parking space.
Where is this office unit located?
The property is located at 919-1680 Michigan Ave Miami Beach, FL.
What are key features of this property?
This property features: 980 rentable square feet with three private offices and an open work area; 10‑foot ceilings, oak hardwood flooring, and recessed lighting; Frameless glass enclosures and large windows facing Lincoln Road
