Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1349 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

    1349 Washington Ave Miami Beach, FL 33139

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1349 Washington Ave

    Year built
    1948
    Property type
    Retail properties & Spaces

    Description

    This exceptional 5,000 square foot retail space, located at 1349 Washington Avenue in Miami Beach, Florida, presents a unique investment opportunity. Built in 1948 and completely renovated from floor to ceiling, this property boasts a modern and updated interior. The space includes two air conditioning units, ensuring comfortable climate control for both tenants and customers. Newly renovated bathrooms add to the overall appeal and functionality. The strategic location on Washington Avenue in Miami Beach offers excellent street visibility and high foot traffic, maximizing exposure for any business. The property features both front and back entrances, providing convenient access and potentially allowing for separate entrances for different business operations or storage. The asking price for this turnkey retail space is $20,000. This property is situated in Miami-Dade County, Florida, with the precise address being 1349 Washington Avenue, Miami Beach, FL 33139. The geographic coordinates are latitude 25.785075 and longitude -80.1316709. This is an ideal location for a variety of retail businesses seeking a high-visibility, well-maintained space in a vibrant and desirable area. The complete renovation ensures a move-in ready condition, minimizing upfront costs and maximizing immediate return on investment.

    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
    -80.1317
    Latitude
    25.7851

    Comparable in this City

    • Value Estimation by Request
      3,100 SF

      350 Lincoln Rd

      Restaurants • 3,100 SF
      350 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • Value Estimation by Request
      5,000 SF

      231 8Th St

      Retail properties & Spaces • 5,000 SF
      231 8Th St, Miami Beach, FL 33139
      View Details
    • Value Estimation by Request
      7,406 SF

      609 5Th St

      Restaurants • 7,406 SF
      609 5Th St, Miami Beach, FL 33139
      View Details
    • Value Estimation by Request

      Bch Washington Ave

      Restaurants
      0 Bch Washington Ave, Miami Beach, FL 33139
      View Details
    • Value Estimation by Request
      1,500 SF

      540 Lincoln Rd

      Restaurants • 1,500 SF
      540 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • Value Estimation by Request
      450 SF

      1463 Drexel Ave

      Retail properties & Spaces • 450 SF
      1463 Drexel Ave, Miami Beach, FL 33139
      View Details

    Similar Nearby for Sale

    • $850,000

      Lincoln Road Retail Condo Investment

      Prime South Beach Retail Space - Vacant
      1300 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • $3,199,000

      Lincoln Road Restaurant - Miami Beach

      Iconic Art Deco Restaurant, Prime Location
      605 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • $3,500,000
      6,261 SF

      Miami Beach Retail Opportunity

      Retail property available for sale in Miami Beach, Florida.
      1417-1419 Washington Ave, Miami Beach, FL 33139
      View Details
    • $1,953,000

      Miami Beach Retail Opportunity

      Retail property for sale in Miami Beach, Florida.
      1512 Washington Ave, Miami Beach, FL 33139
      View Details
    • Contact for pricing
      5,870 SF

      Turn-Key Restaurant/Private Club Space

      Fully-equipped restaurant/club with 2,000 SF exterior courtyard in Miami Beach.
      1542 Washington Ave, Miami Beach, FL 33139
      View Details

    Similar Nearby for Lease

    • $792 /Mo
      5,461 SF

      Jefferson Ave Commercial Space

      Prime Restaurant/Retail/Office Space
      555 Jefferson Ave, Miami Beach, FL 33139
      View Details
    • $17,000 /Mo
      4,000 SF

      Restaurant/Retail Space on Washington Avenue

      Restaurant/retail space with equipment and open-air dining option.
      421-425 Washington Ave, Miami Beach, FL 33139
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease in Miami Beach, Florida.
      1080 Alton Rd, Miami Beach, FL 33139
      View Details
    • Contact for pricing
      3,000 SF

      Prime Miami Beach Retail Space

      Restaurant space, corner location, Lincoln Road proximity.
      1560 Lenox Ave, Miami Beach, FL 33139
      View Details
    • Contact for pricing

      Class A Mixed-Use Building

      Premier office and retail spaces in South of Fifth area.
      119 Washington Ave, Miami Beach, FL 33139
      View Details
    • $37,500
      5,000 SF

      South Beach Office/Retail Building

      23,000 SF building in thriving South Beach district.
      420-426 Jefferson 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.
    1349 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!