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    701 Lincoln Rd Miami Beach, FL 33139
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    701 Lincoln Rd, Miami Beach, FL 33139

    View on Map
    • Outlet malls
    • 41,370 SF
    • 0.34 lot acres
    For Lease
    $11,725,000
    View Listing →
    Retail Space on Lincoln Road For Lease
    $11,725,000

    Retail Space on Lincoln Road

    Retail space available for rent on Lincoln Road.

    701 Lincoln Rd, Miami Beach, FL 33139
    View Listing
    Property ID
    US18-2563024
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 701 Lincoln Rd

    Year built
    1939
    Construction
    CONCRETE
    Lot size
    0.34 lot acres
    Zone code
    6600:COMMERCIAL,LIBERAL
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    02-3234-000-0010
    APU
    232340000010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 24, 2025 $15,000,000 Mac 741 Lr LLC Ppf Lriii Portfolio LLC Special Warranty Deed —
    Jan 19, 2021 — Comco LLC — Deed · related $12.5M · Valley Nat'l Bk
    Dec 20, 2010 $1,750,000 Comco LLC Rae Lin Realty Warranty Deed $20.4M · Citigroup Global Markets Realty Corp
    — — Comco LLC — Loan Modification · related $12.5M · Valley Nat'l Bk

    Description

    This exceptional retail property, located at 701 Lincoln Road, Miami Beach, FL 33139, presents a unique investment opportunity. Situated on Lincoln Road, next to Meridian Avenue, this prime location offers unparalleled visibility and accessibility within the vibrant heart of Miami Beach's Lincoln Road submarket cluster. The building features three individual suites, totaling up to 40,000 square feet, ideal for a variety of entertainment and immersive commercial uses. Its multiple tenancy structure provides flexibility for diverse businesses or a single, large-scale operator. The property's address is 701 Lincoln Rd, Miami Beach, Florida. Detailed brochures are available for both the flagship restaurant space and the entire building. This is a rare chance to acquire a highly sought-after commercial space in one of Miami Beach's most coveted locations. The property's coordinates are 25.790862340781 latitude and -80.136681310597 longitude. The property is classified as Commercial, Retail, and Restaurant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,176,000
      Market price range: $1.20M - $29.7M

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1357
    Latitude
    25.7909
    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
    $442,183
    $12,000,000
    $14,400,000
    $26,400,000
    -
    $12,000,000
    $14,400,000
    $26,400,000

    Comparable in this City

    • Value Estimation
      $1,590,000
      6,242 SF

      1600 Alton Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      1600 Alton Rd, Miami Beach, FL 33139-2421
      View Details
    • Value Estimation
      $1,270,000
      4,613 SF

      900 Alton Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      900 Alton Rd, Miami Beach, FL 33139-5204
      View Details
    • Value Estimation
      $2,040,000
      8,006 SF

      1441 Alton Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      1441 Alton Rd, Miami Beach, FL 33139
      View Details
    • Value Estimation
      $3,275,000
      7,174 SF

      1435 Alton Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      1435 Alton Rd, Miami Beach, FL 33139-3813
      View Details
    • Value Estimation
      $7,505,000
      18,013 SF

      1701 Alton Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      1701 Alton Rd, Miami Beach, FL 33139-2411
      View Details
    • Value Estimation
      $3,455,000
      14,436 SF

      601 5th St

      WHOLESALE OUTLET, DISCOUNT STORE
      601 5th St, Miami Beach, FL 33139-6515
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,146 SF

      Miami Beach Retail Investment Opportunity

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      Miami Beach Retail Redevelopment Opportunity

      Prime commercial property with redevelopment potential in Miami Beach.
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      Lincoln Road Restaurant - Miami Beach

      Iconic Art Deco Restaurant, Prime Location
      605 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • Contact for pricing

      Miami Beach Mixed-Use Property

      Renovated mixed-use property in Miami Beach with hotel and restaurants.
      533 Lincoln Rd, Miami, FL 33139
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      Miami Beach Commercial Space For Sale

      High-visibility commercial space suitable for restaurant, retail, or office.
      555 Jefferson Ave, Miami Beach, FL 33139
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    Similar Nearby for Lease

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      146,327 SF

      Lincoln Road Executive Office Suites

      Prestigious Office Space, Miami Beach
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      3,118 SF

      Retail Space in Landmark Location

      Highly visible retail space near South Beach with heavy traffic.
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      Alton Road Office/Retail Space

      Rental space with frontage on Alton Rd in South Beach.
      1235 Alton Rd, Miami Beach, FL 33139
      View Details
    • Contact for pricing

      Retail Space on Alton Road

      Retail space for lease with high visibility and foot traffic.
      1440 Alton Rd, Miami Beach, FL 33139
      View Details
    • Contact for pricing
      1,500 SF

      Prime Lincoln Road Retail Space

      Retail, showroom, or restaurant spaces on Miami Beach's Lincoln Road.
      643-655 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • $3,600 /Mo

      Alton Road Commercial Space

      1,642 SF space ideal for medical, retail, or office.
      1235 Alton Rd, Miami Beach, FL 33139
      View Details
    View Listing
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    701 Lincoln Rd
    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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