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    Property profile & analytics

    2555 Collins Ave, Unit C-10 Miami Beach, FL 33140-4723

    • Retail space
    • 1,558 SF
    OFF-MARKET
    Last Sale
    Jan 14, 2021
    $660,000
    Value Estimations
    $595,000
    Show details
    Cap Rate Potential
    4.2%
    Retail space
    Location Intelligence
    Property ID
    US18-1596049
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 2555 Collins Ave

    Year built
    1982
    Property size
    1,558 SF
    Zone code
    6000:COMMERCIAL,GENERAL
    Property type
    Retail space
    APN
    02-3226-021-3200
    APU
    232260213200

    Description

    This exceptional 2,869 square foot vacant office space, located at 2555 Collins Ave #7 in Miami Beach, Florida, presents a unique investment opportunity. Situated on the ground floor of a residential building, this Class B property boasts a prime corner location offering unparalleled visibility from Collins Avenue. The space features multiple access points—five separate entrances and five Florida Power & Light meters—providing flexibility and privacy. Built in 1982, the layout includes a reception area, nine private offices, a spacious open area, a conference room, a lounge, and two private restrooms. Large windows on three sides maximize natural light. Its convenient location near Collins Avenue offers easy access to local amenities, including restaurants, parks, and hotels, making it ideal for both employees and clients. The property's ground-floor access and private driveway entrance create a distinct and desirable atmosphere. This versatile space is suitable for various office uses, including creative, medical, and traditional office settings. The asking price is $1,500,000. The property is currently vacant, offering immediate occupancy. This is a rare opportunity to acquire a well-positioned commercial space in the heart of Miami Beach.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $620,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $440,000
      6.5%
      $405,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $394,000
      Market price range: $257k - $796k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1255
    Latitude
    25.8016
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,615
    $0.00
    $0.00
    $467,400
    -
    $0.00
    $0.00
    $467,400

    Comparable in this City

    • Value Estimation by Request
      701 SF

      5601 Collins Ave Ste Cu5

      RETAIL STORES (PERSONAL SERVICES) • 701 SF
      5601 Collins Ave Ste Cu5, Miami Beach, FL 33140-2415
      View Details
    • Value Estimation by Request
      1,040 SF

      5445 Collins Ave Ste Cu14

      RETAIL STORES (PERSONAL SERVICES) • 1,040 SF
      5445 Collins Ave Ste Cu14, Miami Beach, FL 33140-5523
      View Details
    • Value Estimation by Request
      960 SF

      5445 Collins Ave Ste Cu7

      RETAIL STORES (PERSONAL SERVICES) • 960 SF
      5445 Collins Ave Ste Cu7, Miami Beach, FL 33140-5522
      View Details
    • Value Estimation by Request
      140 SF

      5601 Collins Ave Ste Cu14

      RETAIL STORES (PERSONAL SERVICES) • 140 SF
      5601 Collins Ave Ste Cu14, Miami Beach, FL 33140-2465
      View Details
    • Value Estimation by Request
      140 SF

      5601 Collins Ave Ste Cu15

      RETAIL STORES (PERSONAL SERVICES) • 140 SF
      5601 Collins Ave Ste Cu15, Miami Beach, FL 33140-2465
      View Details
    • Value Estimation by Request
      250 SF

      5601 Collins Ave, Unit CU-47

      RETAIL STORES (PERSONAL SERVICES) • 250 SF
      5601 Collins Ave, Miami Beach, FL 33140-2456
      View Details

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    Miami Beach, FL 33140-4723
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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