Financial
Distress signals
Property profile

604 Collins Ave Miami Beach, FL 33139

FOR SALE
Outlet malls
Property ID
US18-3245594
2,996 SF 0.16 ac lot Built 1930
Last sale Feb 2022 · $6,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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604 Collins Ave, Miami Beach, FL 33139 For Sale
$13,900,000 2,996 SF
604 Collins Ave, Miami Beach, FL 33139
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Property summary

AI-generated overview

This exceptional investment opportunity presents a chance to acquire a prime retail property located at 604 Collins Avenue in the vibrant heart of South Beach, Miami Beach, Florida. The property, built in 1930, is offered at an asking price of $13,770,000. This sale includes the property at 604 Collins Ave and also includes 215 6th Street. The property boasts a highly desirable location within a bustling commercial district, offering significant potential for high returns. Its prime location

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$56k
Tax billed · 2023
Assessed value$3.67M
Assessed land$3.50M
Assessed improvement$175k
Effective rate1.53%

Value estimate

· Sep 2026
$6.50M
$5.85M – $7.15M
AI approach$6.50M
NOI build-up
Gross scheduled income$51k
Vacancy & credit loss−$4k
Operating expenses−$14k
NOI · 0.23% cap applied$32k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$2,328/SF
ZIP average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$688 – $4,555
Qualifying comparables14

Cap rate analysis

How does the asset earn?
0.23%
$32k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
6501:COMMERCIAL
JurisdictionDADE

Location intelligence

Which uses thrive at this corner?
Best fit: Kitchen & Bath
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Kitchen & Bath9.8
Nursing Home8.5
Butcher8.5

Location

604 Collins Ave Miami Beach, FL 33139
County assessor Recorded deeds · 5 transfers 14 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
740 Collins, Miami Beach, FL 33139-6216 $5,250,000 Feb 2026 6,434 SF
743 Washington, Miami Beach, FL 33139-6209 $13,000,000 Nov 2024 5,412 SF
515 Jefferson, Miami Beach, FL 33139 $8,400,000 Apr 2024 4,200 SF
1676 Alton, Miami Beach, FL 33139-2426 $39,300,000 Jun 2022 7,500 SF
1417 Washington, Miami Beach, FL 33139-4109 $925,200 Feb 2022 6,910 SF
215 6th, Miami Beach, FL 33139-6605 $6,500,000 Feb 2022 1,618 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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