Entity Owned Property summary
This exceptional 6,261-square-foot retail storefront, located at 1417 Washington Avenue in Miami Beach, Florida, presents a compelling investment opportunity. The property boasts a fee-simple ownership structure and is situated in a vibrant, high-traffic area of South Beach, known for its renowned beaches, nightlife, and upscale dining. Currently operating as a multi-tenant property under a NNN lease, the building offers a current NOI of $21,452, with a cap rate of 0.61% and a pro-forma cap… rate of 6.62%. The asking price is $3,500,000, translating to $559.02 per square foot. The two-story building sits on a 6,534-square-foot lot and is zoned CD-2, Commercial Medium Intensity District, allowing for a variety of commercial uses, including offices and services, with a maximum height of 50 feet. The property benefits from its proximity to major attractions such as Lincoln Road Mall, Ocean Drive, and numerous high-end hotels and restaurants, including Gianni's, Bagatelle, and Byblos. Furthermore, it is surrounded by substantial residential density, including several large apartment complexes, providing a strong customer base. Excellent access to major roadways, including MacArthur Parkway, Venetian Way, and Interstate 195, ensures easy connectivity to Downtown Miami and other key areas. The property's location is also less than 13 miles from Miami International Airport. The current month-to-month tenancy minimizes holding costs, making this an attractive proposition for developers or end-users seeking a prime South Beach location. The area's population within a three-mile radius exceeds 58,000, with an average household income over $119,000 annually. Nearby educational institutions include Miami-Dade College and FIU's College of Business, further enhancing the area's vibrancy and potential. The property's location near Mount Sinai Hospital also contributes to its strategic value. Florida's no-income-tax status adds to the overall investment appeal. The property's APN is 02-3234-008-0840.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 6 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 6,910 SF
- Lot area
- 0.15 ac
- Year built
- 1925
- Stories
- 2
- APN
- 02-3234-008-0840
- Zoning
- 6400:COMMERCIAL,CENTRAL
- Assessed value · 2023
- $3,846,600
- Annual tax · 2023
- $71,241
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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