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Property profile & analytics
OFF-MARKET Estimated value $6,210,000
Retail residential properties

309 23rd St Miami Beach, FL 33139-1721

34,964 SF 0.4 ac lot Built 1926
Individually Owned 9-yr Hold ~ Est. High Equity
Property ID
US18-4041033
Property summary
AI-generated overview

This exceptional Miami Beach office space, located in the exclusive Collins Park neighborhood, offers a unique opportunity for businesses seeking a prestigious address. The property comprises a single, three-story building with a total of 32,620 square feet, currently configured with multiple smaller suites available for lease. One available suite offers 878 square feet of well-lit space, perfect for a small team or individual professional. The entire floor, totaling 5,648 square feet, could also be leased. A short-term lease is currently in place until Summer 2025, presenting flexibility for various lease terms. The building boasts a shared outdoor patio, providing a pleasant amenity for tenants. A polished dining restaurant on the ground floor offers convenient client entertainment options. The building's prime location is just two blocks from the ocean and boardwalk, and within close proximity to the W and One Hotels, The Bass Museum, Miami City Ballet School, the public library, and the fire department headquarters. Miami Beach High School is three blocks away, and the renowned Miami Beach Golf Club is a short five-block walk. The property's zoning is 6600, and it features one parking space. The APN is 02-32-26-001-0530. This boutique office building offers a unique blend of convenience, prestige, and amenity-rich surroundings, making it an ideal location for discerning businesses. The neighboring building is a newly developed Class A office building, further enhancing the area's appeal.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1926
Construction CONCRETE
Total area 34,964 SF
Lot 0.4 ac (17,415 SF)
Zoning code 6600:COMMERCIAL,LIBERAL
APN 02-3226-001-0530
UPID US18-4041033
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
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.21M
Owner & transaction history
Palm Court At 23rd Street Ltd · 9 yrs held
Palm Court At 23rd Street Ltd
since 2016
3 recorded transactions
2016
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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