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Property profile & analytics
FOR LEASE
Outlet malls
701 Lincoln Rd Miami Beach, FL 33139
Entity Owned
Free & Clear
Property ID
US18-2563024
For Lease
1 / 4
$11,725,000
701 Lincoln Rd, Miami Beach, FL 33139
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1939
Construction
CONCRETE
Total area
41,370 SF
Lot
0.34 ac (15,000 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3234-000-0010
UPID
US18-2563024
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
$7.18M
Blend (final)
Blend
$11.73M
Owner & transaction history
Mac 741 Lr LLC
Mac 741 Lr LLC
since 2025
Last sale
$15.0M
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.73M
Range $10.55M – $12.90M · ±10% · vs last sale $15.00M (Nov 24 2025)
Last sale anchor
$15.00M
Nov 24 2025
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
$283 / 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
$442,183
Tax year 2023
Assessed value
$26,400,000
Assessed 2023
Previous assessed
$27,785,000
-5.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$12,000,000
Assessed improvement
$14,400,000
Land market value
$12,000,000
Improvement market value
$14,400,000
Total market value
$26,400,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1939
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
41,370 SF
Lot
0.34 ac (15,000 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
02-3234-000-0010
UPID
US18-2563024
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
1939
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.34 ac
Current owner
From public records · entity-resolved
Mac 741 Lr LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1261 20TH ST, MIAMI BEACH, FL 33139-1407
Ownership since
2025
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
Nov 24, 2025
$15,000,000
Mac 741 Lr LLC
Ppf Lriii Portfolio LLC
Special Warranty Deed
—
Jan 19, 2021
—
Comco LLC
—
Deed
related
$12,500,000 · Valley Nat'l Bk
Dec 20, 2010
$1,750,000
Comco LLC
Rae Lin Realty
Warranty Deed
$20,350,000 · Citigroup Global Markets Realty Corp
—
—
Comco LLC
—
Loan Modification
related
$12,500,000 · Valley Nat'l Bk
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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