Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1751 Washington Ave Miami Beach, FL 33139

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1751 Washington Ave Miami Beach, FL 33139

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 1751 Washington Ave

    Year built
    1949
    Property type
    Specialty properties

    Description

    This exceptional 754-square-foot commercial space, located at 1751 Washington Ave #1H in Miami Beach, Florida, presents a unique investment opportunity. Situated in a building constructed in 1949, this special-purpose property is a basement unit boasting impact windows, a significant feature for Miami Beach's climate. The asking price is $290,000, reflecting a compelling value proposition for discerning buyers. Given its prime location in the vibrant Miami Beach area, with a zip code of 33139, this property offers considerable potential for a variety of commercial uses. The property's location is easily accessible, with coordinates 25.793156 latitude and -80.131625 longitude. This is an all-cash offer only, requiring a swift closing process. The property is located in Miami-Dade County. This presents a rare chance to acquire a well-positioned commercial space in a highly desirable area at an attractive price point. Serious inquiries only.

    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
    -80.1316
    Latitude
    25.7932

    Comparable in this City

    • Value Estimation
      $1,550,000
      87,854 SF

      757 Ww Ave

      CHARITABLE ORGANIZATION • 87,854 SF
      757 Ww Ave, Miami Beach, FL 33139-5572
      View Details
    • Value Estimation by Request
      7,500 SF

      1710 Jefferson Ave

      Specialty properties • 7,500 SF
      1710 Jefferson Ave, Miami Beach, FL 33139
      View Details
    • Value Estimation
      $1,110,000
      26,933 SF

      1701 Washington Ave

      CHARITABLE ORGANIZATION • 26,933 SF
      1701 Washington Ave, Miami Beach, FL 33139-7541
      View Details
    • Value Estimation by Request

      Miami Ave

      Specialty properties
      0 Miami Ave, Miami Beach, FL 33139
      View Details
    • Value Estimation by Request
      3,855 SF

      1700 Jefferson Ave

      COLLEGE, UNIVERSITY, VOC SCHOOL • 3,855 SF
      1700 Jefferson Ave, Miami Beach, FL 33139-2444
      View Details
    • Value Estimation by Request

      1311 15Th Ter

      Multifamily properties
      1311 15Th Ter, Miami Beach, FL 33139
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,650 SF

      Miami Beach Commercial Property For Sale

      Prime commercial property anchored by Via Emilia 9 Italian Restaurant.
      1100 15Th St, Miami Beach, FL 33139
      View Details
    • $3,500,000
      6,261 SF

      Miami Beach Retail Investment

      Prime South Beach storefront, high-growth potential.
      1417 Washington Ave, Miami Beach, FL 33139
      View Details
    • Contact for pricing

      Condo-Hotel Units with Beach Access

      33 Condo-Hotel units with no rental restrictions, near beach.
      763 E Pennsylvania Ave, Miami Beach, FL 33139
      View Details
    • Contact for pricing
      890 SF

      Ocean Drive Retail Investment Opportunity

      Prime retail space on Ocean Drive with high foot traffic.
      1446 Ocean Dr, Miami Beach, FL 33139
      View Details
    • Contact for pricing
      8,006 SF

      Miami Beach Redevelopment Opportunity

      Prime commercial property with income and redevelopment potential.
      1441 Alton Rd, Miami Beach, FL 33139
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      FL, Miami Beach – Spaces Lincoln Road

      Find fully flexible work and meeting space in FL, Miami Beach – Spaces Lincoln Road
      1111 Lincoln Rd Miami Bch, Miami, FL 33139
      View Details
    • Contact for pricing

      Lincoln Road Retail Opportunity

      Prime retail space available on Lincoln Road, Miami Beach.
      734 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • Contact for pricing

      Miami Beach's Sunset Harbour Property

      Property in Miami Beach's Sunset Harbour with amenities and style.
      Sunset Harbour Dr, Miami Beach, FL 33139
      View Details
    • Contact for pricing

      Meridian Center

      Discover many ways to work your way in Meridian Center
      1688 Meridian Ave, Miami Beach, FL 33139
      View Details
    • Contact for pricing

      Miami Beach Commercial Space

      Commercial space available for lease in Miami Beach, Florida.
      1201 Washington Ave, Miami Beach, FL 33139
      View Details
    • Sponsored
      Contact for pricing

      FL Miami Beach – Spaces Lenox Ave

      Workspaces, services and support to help you grow your business in FL Miami Beach – Spaces Lenox Ave
      429 Lenox Ave, Miami Beach, FL 33139
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1751 Washington Ave
    Miami Beach, FL 33139
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!