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    1659 James Ave Miami Beach, FL 33139
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    1659 James Ave, Miami Beach, FL 33139

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    • Retail properties & Spaces
    • 26,506 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1659 James Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail property, located at 1659 James Ave in Miami Beach, Florida (zip code 33139), offers multiple tenancy options within a 26,506 square foot building situated on a 0.21-acre lot. The property boasts a highly desirable location, just blocks from Lincoln Road and Washington Avenue, placing it in the heart of Miami Beach's vibrant retail scene. The building features ground floor retail spaces ranging from 991 to 5,450 square feet, each benefiting from abundant natural light and central air conditioning. Its proximity to South Beach and renowned luxury hotels, including The Ritz-Carlton, SLS South Beach, and the W Hotel, ensures high foot traffic and visibility. The property is zoned 6600 and its Miami-Dade County APN is 02-3234-019-0590. This presents a unique investment opportunity in a prime location with exceptional potential for growth and profitability. The building's strategic placement within a high-pedestrian area guarantees significant exposure to a diverse clientele. This is an unparalleled chance to establish a thriving business in one of Miami Beach's most sought-after commercial districts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1306
    Latitude
    25.7912

    Comparable in this City

    • Value Estimation by Request
      8,744 SF

      Lincoln Rd

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      1241 Washinton Ave

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    • Value Estimation by Request
      6,130 SF

      443 Lincoln Rd

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    • Value Estimation by Request
      19,672 SF

      1771 West Ave

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    • Value Estimation by Request

      110 Washington Ave, Unit CU-10

      RETAIL STORES (PERSONAL SERVICES)
      110 Washington Ave, Miami Beach, FL 33139-7221
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    • Value Estimation by Request
      371 SF

      2301 Collins Ave Ph, Unit 24

      RETAIL STORES (PERSONAL SERVICES)
      2301 Collins Ave Ph, Miami Beach, FL 33139-1603
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    Similar Nearby for Sale

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      14,900 SF

      Prime Lincoln Road Retail Building

      Two-story retail building in high-traffic Miami Beach location.
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    • $3,500,000
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      Miami Beach Retail Investment

      Prime South Beach storefront, high-growth potential.
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      5,500 SF

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      South Beach Commercial Redevelopment Opportunity

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      1558 Alton Rd, Miami Beach, FL 33139
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    • $5,000,000
      7,762 SF

      Alton Road Retail Opportunity

      Four-unit building on a high-traffic corridor with redevelopment potential.
      1558 Alton Rd, Miami Beach, FL 33139
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    Similar Nearby for Lease

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      750 SF

      Lincoln Road Retail Space Available

      750 SF retail space on Lincoln Road for lease.
      801-821 Lincoln Rd, Miami Beach, FL 33139
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      1,797 SF

      Lincoln Road Retail Space

      Prime retail space in a fully restored historic building.
      734-744 Lincoln Rd, Miami Beach, FL 33139
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      1,780 SF

      Lincoln Road Retail Space Available

      Ground floor retail space in prime Lincoln Road location.
      660-690 Lincoln Rd, Miami Beach, FL 33139
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      2,500 SF

      Retail Space on Lincoln Road

      2,500 SF retail space with floor-to-ceiling glass frontage.
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      378 SF

      Miami Beach Retail Space Available

      Retail space for rent in Miami Beach, Florida.
      1600 Collins Ave, Miami Beach, FL 33139
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      1,480 SF

      Retail Space on Purdy Avenue

      Retail space available on Purdy Avenue in Miami Beach.
      1801 Purdy Ave, Miami Beach, FL 33139
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    1659 James Ave
    Miami Beach, FL 33139
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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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