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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2000 Collins Ave Miami Beach, FL 33139

    • Retail residential properties
    • 73,257 SF
    • 0.19 lot acres
    For Lease
    View listing
    $125 SF/Yr
    Last Sale
    May 18, 2021
    $34,000,000
    Value Estimations
    $34,045,000
    Cap Rate Potential
    3.2%
    Retail residential properties
    Location Intelligence
    Property ID
    US18-4946868
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail residential properties

    Property Details for 2000 Collins Ave

    Year built
    2010
    Construction
    CONCRETE
    Lot size
    0.19 lot acres
    Property size
    73,257 SF
    Zone code
    6600:COMMERCIAL,LIBERAL
    Property type
    Retail residential properties
    APN
    02-3226-001-0060
    APU
    232260010060

    Description

    This exceptional single-tenant medical office space, located at 2000 Collins Avenue in Miami Beach, Florida, offers 2,208 square feet of versatile space. Situated in Miami-Dade County, this property is ideally positioned for a variety of medical practices. The building boasts ample parking with 407 spaces available, ensuring convenient access for patients and staff. The entire 2,208 square feet is currently vacant and ready for immediate occupancy. The property is classified as both retail and office space, offering flexibility in its potential use. The address is 2000 Collins Ave, Miami Beach, FL 33139. Its prime location on Collins Avenue provides excellent visibility and accessibility. The property's single-tenant occupancy simplifies management and provides a cohesive environment. With its substantial square footage and abundant parking, this space presents a unique opportunity for a medical practice seeking a prominent location in a thriving area of Miami Beach. The property is available for lease. Geographic coordinates are 25.7954801 latitude and -80.1290434 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $39,180,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $43,606,000
      Market price range: $21.5M - $86.6M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $54,710,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1293
    Latitude
    25.7961
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $365,462
    $3,270,800
    $24,454,200
    $27,725,000
    -
    $3,270,800
    $24,454,200
    $27,725,000

    Comparable in this City

    • Value Estimation by Request
      1,620 SF

      628 6th St

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    • Value Estimation by Request
      1,182 SF

      815 4th St

      STORES & APARTMENTS • 1,182 SF
      815 4th St, Miami Beach, FL 33139-6823
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    • Value Estimation
      $1,225,000
      6,637 SF

      1051 Washington Ave

      STORES & APARTMENTS • 6,637 SF
      1051 Washington Ave, Miami Beach, FL 33139-5017
      View Details
    • Value Estimation
      $4,520,000
      17,143 SF

      437 Washington Ave

      STORES & APARTMENTS • 17,143 SF
      437 Washington Ave, Miami Beach, FL 33139-6617
      View Details
    • Value Estimation
      $5,845,000
      8,527 SF

      607 Lincoln Rd

      STORES & APARTMENTS • 8,527 SF
      607 Lincoln Rd, Miami Beach, FL 33139-2915
      View Details
    • Value Estimation
      $5,870,000
      26,891 SF

      2216 Collins Ave

      STORES & APARTMENTS • 26,891 SF
      2216 Collins Ave, Miami Beach, FL 33139-1718
      View Details

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      Retail space for lease with high visibility and foot traffic.
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      South Beach Office Space for Lease

      Prime Collins Ave location, all utilities included.
      826 Collins Ave, Miami Beach, FL 33139
      View Details
    • Contact for pricing
      14,312 SF

      Prime Miami Beach Retail Space

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      View Details
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    2000 Collins Ave
    Miami Beach, FL 33139
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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