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Property profile & analytics
OFF-MARKET Estimated value $1,685,000
Outlet malls

635 Lincoln Rd Miami Beach, FL 33139-2915

5,398 SF 0.12 ac lot Built 1935
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-5316516
Property summary
AI-generated overview

This exceptional retail property, located at 635-639 Lincoln Road in the heart of Miami Beach's vibrant Lincoln Road submarket, presents a unique investment opportunity. The building, constructed in 1935, boasts a total of 5,332 square feet, with 1,889 square feet currently vacant, offering immediate potential for expansion or new tenancy. Situated on a 0.13-acre lot, this multi-tenant storefront enjoys a prime location within Miami-Dade County, benefiting from high foot traffic and visibility. The property's existing tenants include established businesses, creating a strong foundation for future success. The building's classic architecture complements the area's distinctive character, providing a desirable setting for a variety of retail ventures. This is an exceptional chance to acquire a well-positioned retail space in one of Miami Beach's most sought-after commercial corridors. The property's strategic location and existing infrastructure provide a solid base for immediate occupancy and long-term growth. The substantial vacant space allows for customization and adaptation to suit a diverse range of retail concepts. This is a rare opportunity to establish a presence on the iconic Lincoln Road, a destination known for its upscale shopping, dining, and entertainment. The property's historical context and prime location combine to create a truly unique and valuable asset. Further details are available upon request.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1935
Construction CONCRETE
Total area 5,398 SF
Lot 0.12 ac (5,250 SF)
Zoning code 6600:COMMERCIAL,LIBERAL
APN 02-3234-005-0010
UPID US18-5316516
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
by Request
Comparable Approach Comparable
$2.19M
Blend (final) Blend
$1.69M
Owner & transaction history
Collins Eighth LLC · 10 yrs held
Collins Eighth LLC
since 2016
4 recorded transactions
2016
Price N/A
2016
$35.0M
2006
Price N/A
1969
Price N/A
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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