Financial
Distress signals
Property profile

1407 Washington Ave 1401 Miami Beach, FL 33139

FOR SALE
Outlet malls
Property ID
US18-3634915
12,424 SF 0.3 ac lot Built 1935
Last sale Dec 2023 · $6,375,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a corner retail space located at 1407 Washington Ave in Miami Beach, featuring approximately 2,000 square feet of space delivered in shell condition. The interior configuration is designed around a flexible, open floor plan suitable for either customizing a tenant build-out or maintaining an open-concept retail layout. Due to its corner positioning, the unit provides direct street exposure along Washington Ave and additional prominence through adjacent storefront frontage. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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?
$127k
Tax billed · 2023
Assessed value$7.35M
Assessed land$5.20M
Assessed improvement$2.15M
Effective rate1.73%

Value estimate

· Oct 2026
$5.33M
$4.80M – $5.86M
AI approach$5.30M
NOI build-up
Gross scheduled income$53k
Vacancy & credit loss−$4k
Operating expenses−$14k
NOI · 238.73% cap applied$34k

Realmo valuation models over county records and 5 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 comparables5

Cap rate analysis

How does the asset earn?
238.73%
$34k 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?
6400:COMMERCIAL,CENTRAL
JurisdictionDADE

Location intelligence

Which uses thrive at this corner?
Best fit: Butcher
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Butcher9.0
Laundromat8.4
Chinese Restaurant7.2

Location

1407 Washington Ave, Unit 1401 Miami Beach, FL 33139
County assessor Recorded deeds · 2 transfers 5 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
720 Lincoln, Miami Beach, FL 33139-2814 $11,750,000 Feb 2026 7,800 SF
736 Collins, Miami Beach, FL 33139-6216 $6,050,000 Sep 2024 7,906 SF
624 Collins, Miami Beach, FL 33139-6214 $6,000,000 Jul 2023 8,648 SF
1656 Alton, Miami Beach, FL 33139-2426 $39,300,000 Jun 2022 7,964 SF
524 Jefferson, Miami Beach, FL 33139-6303 $9,400,000 May 2022 16,600 SF
232 12th, Miami Beach, FL 33139-4603 $5,950,000 Jan 2022 7,915 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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