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Property profile & analytics
OFF-MARKET
Estimated value
$4,335,000
Office buildings
1665 Washington Ave Miami Beach, FL 33139-3172
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0177536
Property summary
AI-generated overview
This exceptional Class A retail property, located at 1665 Washington Ave in Miami Beach, Florida (33139), offers a unique opportunity for businesses seeking high-visibility space in a vibrant location. The building, known as Metropolitan Miami, boasts a total of 800,000 square feet across six stories and features three total suites. Currently, there is 8,850 square feet of vacant space available for lease, divisible into units as small as 600 square feet, with a maximum contiguous space of 8,250 square feet. This allows for flexibility to accommodate a variety of business needs and sizes. The property's prime location in Miami-Dade County ensures high foot traffic and excellent exposure to a diverse customer base. The building's impressive size and modern design make it an ideal location for businesses seeking a prestigious address in one of Miami Beach's most sought-after areas. This is a multi-tenant building offering a range of options for businesses looking to establish or expand their presence in this dynamic market. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional retail space.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1999
Construction
CONCRETE
Total area
10,476 SF
Lot
0.1 ac (4,500 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3234-019-0770
UPID
US18-0177536
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
$3.92M
CAP Approach
CAP
$4.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.34M
Owner & transaction history
Kk 1665 Washington LLC · 4 yrs held
Kk 1665 Washington LLC
since 2022
Last sale
$4.5M
4 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Miami Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miami Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,185,000
ML approach
$3,920,000
CAP Approach
CAP Return
Estimation
6%
$4,935,000
6.5%
$4,555,000
7%
$4,230,000
Blend value · Realmo final
$4.34M
Range $3.90M – $4.77M · ±10% · vs last sale $4.50M (Mar 10 2022)
Last sale anchor
$4.50M
Mar 10 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$414 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$59,997
Tax year 2023
Assessed value
$3,700,000
Assessed 2023
Previous assessed
$3,600,000
+2.8% YoY
Effective rate
1.62%
On assessed value
Assessed land
$1,800,000
Assessed improvement
$1,900,000
Land market value
$1,800,000
Improvement market value
$1,900,000
Total market value
$3,700,000
Applied tax rate
200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
10,476 SF
Lot
0.1 ac (4,500 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3234-019-0770
UPID
US18-0177536
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Zoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Miami Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.1 ac
Current owner
From public records · entity-resolved
Kk 1665 Washington LLC
Entity
Mailing address
745 5TH AVE, NEW YORK, NY 10151-0099
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
$4,500,000
Kk 1665 Washington LLC
1665 Washington Avenue LLC
Special Warranty Deed
$3,300,000 · Maxim Credit Group LLC
Apr 18, 2003
$1,550,000
1665 Washington Avenue LLC
Ojm Group INC
Grant Deed
$1,480,000 · Mellon United National Bank
—
—
1665 Washington Avenue LLC
—
Deed Of Trust
related
$2,100,000 · Bankunited Fsb
—
—
1665 Washington Avenue LLC
—
Loan Modification
related
$1,881,555 · Bankunited Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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