Property profile

555 Washington Ave Miami Beach, FL 33139

FOR LEASE
Office buildings
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Property ID
US18-3368610
141,807 SF 0.92 ac Built 2001
Last sale Apr 2022·$52,256,800
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property is a mixed-use building with street-level retail and three stories of Class A office space, located at the corner of Washington Avenue and 5th Street in South Beach near the MacArthur Causeway, Ocean Drive, and the Atlantic Ocean. The main lobby features an approximately 80-foot open atrium with a circular design motif. The building was constructed in 2001 and underwent renovations in 2015 and 2018. It includes a direct-access parking garage with about 260 covered parking spaces…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$722k
Tax billed · 2023
Assessed value$43.20M
Assessed land$19.96M
Assessed improvement$23.24M
Effective rate1.67%

Value estimate

· Nov 2026
$60.07M
$54.06M – $66.07M
CAP approach$66.76M
Submarket $/SF estimate$80.47M
NOI build-up
Gross scheduled income$2.98M
Vacancy & credit loss−$483k
Operating expenses−$625k
NOI$1.87M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$2,504/SF
ZIP average, outlier-cleaned · 62 recorded sales of this use type
Observed band · Q1–Q3$811 – $4,249

Cap rate analysis

How does the asset earn?
$1.87M 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?
6503: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
Furniture Store8.8
Plumbing Service8.6

Location

555 Washington Ave Miami Beach, FL 33139
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file 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 · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1234 Washington, Miami Beach, FL 33139-4651 $17,500,000 Jan 2025 19,519 SF
1540 Washington, Miami Beach, FL 33139-7801 $1,500,000 Sep 2022 3,060 SF
1329 Alton, Miami Beach, FL 33139-3811 $2,100,000 Jun 2022 2,717 SF
230 1st, Miami Beach, FL 33139 $14,500,000 Jan 2022 13,210 SF
1211 Alton, Miami Beach, FL 33139-3809 $2,000,000 Apr 2021 2,669 SF
1688 Meridian, Miami Beach, FL 33139-2710 $49,500,000 Mar 2020 95,784 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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