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Property profile & analytics
OFF-MARKET
Office Spaces

1688 Michigan Ave Miami Beach, FL 33139

550 SF Built 1974
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents two contiguous Class A office condos, units 916 and 918, totaling 1,370 square feet of net rentable space within a prestigious 11-story building at 1680 Michigan Avenue, Miami Beach, FL 33139. Located directly across from the Apple Store on Lincoln Road, this property boasts an unparalleled location. The units, situated on the 9th floor, offer expansive city views. Recently renovated in 2018, these creative/executive office spaces feature their own bathroom suites. Built in 1974, the building is zoned for commercial use (Com). The property is currently vacant, presenting an immediate opportunity for occupancy. This condo offers a 5% cap rate and is an ideal investment for high-profile tenants. On-site parking is available. The asking price is $950,000. This is arguably one of the best locations in the United States for a commercial office space. The listing includes two units and features a net rentable area between 550 and 750 square feet per unit.

Property profile
Verified
Property type Office Spaces
Year built 1974
Total area 550 SF
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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