Iconic South Beach Office
For Sale
Contact for pricing
530 11th St, Miami Beach, FL 33139
Two-story, 6,800+ SF office building in prime South Beach location.
Property Size6,894 SF
Price / SF$848.56
Days on Market3299
Property Features for 530 11th St
General Information
Standard status
Active
Size
6,894 SF
Property subtype
Office
Zoning
Residential/Office
Site & Location
Neighborhood
Art Deco Historic District
Building Details
Year Built
1934
Year Renovated
2001
Stories
2
Listing Agency:
Sotheby's International Realty Miami Beach
Listed By:
Susan Gale · License #0394993
(305) 610-0404
Source:
Crexi
Added: Oct 25, 2017
Changed: Oct 26
Last Checked: Nov 4 at 12:15PM
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 Sotheby's International Realty Miami Beach
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Investment Insights
Based on property information with market context.
This iconic two-story office building offers over 6,800 square feet of flexible space in a prime corner location in South Beach, across from the Miami Beach Police & Court Facility. The Regal Executive Center features a renovated lobby by Edge of Architecture. Adjacent to the 180-room Sonder The Deco Hotel with its tropical garden setting along Washington Avenue, this property has residential office zoning. It is located two blocks from Ocean Drive. The property is suited for legal offices near the Court, or for an architect or creative professional. The space could also be used as a live/work space.
Key Highlights
- Prime corner location in South Beach, across from the Miami Beach Police & Court Facility.
- Boasting over 6,800 SF of flexible office space.
- Beautifully renovated with a lobby designed by award‑winning Edge of Architecture.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,725
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,654,500
$3.7M
Cap Rate 7%
$2,610,357
$2.6M
Cap Rate 9%
$2,030,278
$2.0M
Market Conditions
NOI Build-Up for 6,894 SF
Gross rent
$314.4K $45.60/SF
− Vacancy
−$70.7K −$10.26/SF
EGI
$243.6K $35.34/SF
− OpEx
−$60.9K −$8.84/SF
NOI
$182.7K $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%
$3,654,500
Cap Rate 7%
$2,610,357
Cap Rate 9%
$2,030,278
Alternative Uses
Best Use
Office B
$2.61M
$2.28M – $3.05M
NOI $182,725 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.50M
$3.06M – $4.08M
NOI $244,833 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
8,611
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two-story, 6,800+ SF office building in prime South Beach location.
Where is this office building located?
The property is located at 530 11th St Miami Beach, FL.
What is the asking price?
The asking price for this property is $5,850,000.
What are key features of this property?
This property features: Prime corner location in South Beach, across from the Miami Beach Police & Court Facility.; Boasting over 6,800 SF of flexible office space.; Beautifully renovated with a lobby designed by award‑winning Edge of Architecture.
