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Property profile & analytics
FOR LEASE
Office buildings

555 Washington Ave Miami Beach, FL 33139

141,807 SF 0.92 ac lot Built 2001
Entity Owned 4-yr Hold Free & Clear
Property ID
US18-3368610
Property summary
AI-generated overview

This Class A, four-story office building, totaling 67,188 square feet, is situated on 0.83 acres in Miami Beach's vibrant South of Fifth neighborhood. Built in 2001 and renovated in 2015, the property boasts striking Arquitectonica architecture, a highly visible location at Washington Avenue and 5th Street, and a dramatic 80-foot open atrium lobby. The building offers multiple tenancy options ranging from 882 to 7,133 square feet, catering to various business needs. With 260 parking spaces and elevators, convenience is ensured. Its prime location offers unparalleled access to the MacArthur Causeway, Ocean Drive, the Atlantic Ocean, and a wealth of nearby amenities including CVS, Wells Fargo, Zara, Joe's Stone Crab, Prime 112, Chase, Verizon, and Equinox. The property is zoned cps-2 and its Miami-Dade County location, within the South Beach submarket, provides exceptional visibility and accessibility. The building's contemporary design complements the historical Art Deco District, making it a truly unique and desirable office space. The property identification number (APN) is 02-4203-002-0110.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2001
Construction CONCRETE
Total area 141,807 SF
Lot 0.92 ac (39,911 SF)
Zoning code 6503:COMMERCIAL
APN 02-4203-002-0110
UPID US18-3368610
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
by Request
CAP Approach CAP
$66.76M
Comparable Approach Comparable
$80.47M
Blend (final) Blend
$60.07M
Owner & transaction history
555 Washington Owner LLC · 4 yrs held
555 Washington Owner LLC
since 2022
Last sale
$52.3M
7 recorded transactions
2022
Price N/A
2022
$52.3M
2018
$38.0M
2016
Price N/A
2013
$9.5M
2007
$30.0M
2000
$648,000
Zoning & alternative use
6503:COMMERCIAL · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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