Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    826 Collins Ave Miami Beach, FL 33139

    • Retail residential properties
    • 13,225 SF
    • 0.16 lot acres
    For Lease
    View listing
    Last Sale
    Feb 22, 2023
    $5,000,000
    Value Estimations
    $4,535,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8175378
    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 826 Collins Ave

    Year built
    1923
    Construction
    CONCRETE
    Lot size
    0.16 lot acres
    Property size
    13,225 SF
    Zone code
    6501:COMMERCIAL
    Property type
    Retail residential properties
    APN
    02-4203-004-0470
    APU
    242030040470

    Description

    This exceptional single-tenant office space is ideally situated on Collins Avenue in the heart of Miami Beach, Florida. The property, located at 826 Collins Ave, zip code 33139, boasts a convenient and desirable address. With zoning classification 6501, this property is perfect for a variety of professional uses. The building consists of a single suite, offering a private and efficient workspace. All utilities are included, simplifying operational costs and maximizing convenience. Its central South Beach location provides easy access to a vibrant array of amenities, restaurants, and transportation options. The property's APN is 02-42-03-004-0470. While the square footage is currently unlisted, this space presents a unique opportunity for a business seeking a well-located, all-inclusive office environment. The property is particularly well-suited for professionals such as acupuncturists or massage therapists seeking a dedicated workspace. This is a rare opportunity to secure a prime office location in one of Miami Beach's most sought-after areas. Inquire today to learn more about this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,880,000
      ML approach
      $3,990,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,205,000
      6.5%
      $4,805,000
      7%
      $4,465,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1324
    Latitude
    25.7787
    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
    $80,311
    $3,500,000
    $4,854,000
    $8,354,000
    -
    $3,500,000
    $4,854,000
    $8,354,000

    Comparable in this City

    • Value Estimation by Request
      1,620 SF

      628 6th St

      STORES & APARTMENTS • 1,620 SF
      628 6th St, Miami Beach, FL 33139-8602
      View Details
    • Value Estimation by Request
      1,182 SF

      815 4th St

      STORES & APARTMENTS • 1,182 SF
      815 4th St, Miami Beach, FL 33139-6823
      View Details
    • 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

    Similar Nearby for Sale

    • $14,900,000

      South Beach Mixed-Use Asset

      Two-story mixed-use property with redevelopment potential in active commercial district.
      1200 Washington Ave, Miami Beach, FL 33139
      View Details
    • $3,799,000
      0.17 Acres

      South Beach Mixed-Use Investment

      Mixed-use property with apartments and retail in prime South Beach.
      901 Pennsylvania Ave, Miami Beach, FL 33139
      View Details
    • $13,770,000

      South Beach Retail Investment Opportunity

      Prime Collins Ave Retail, Miami Beach
      604 Collins Ave, Miami Beach, FL 33139
      View Details
    • $2,900,000

      South Beach Multifamily Investment

      Fourplex near Lincoln Road & Bay
      1420 16 St, Miami Beach, FL 33139
      View Details
    • $3,800,000

      Prime Miami Beach Office Building

      Alton Road gem, $3.8M asking.
      1225 Alton Rd, Miami Beach, FL 33139
      View Details
    • $1,999,000
      890 SF

      Ocean Drive Retail Gem

      Miami Beach retail, high foot traffic
      1446 Ocean Dr, Miami Beach, FL 33139
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      21,208 SF

      South Beach Mixed-Use Building

      Luxury mixed-use building in Miami's historic South Beach district.
      1601 Washington Ave, Miami, 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
    • $0.37 SF/Yr
      80,546 SF

      Lincoln Road Office Space, Miami Beach

      Prestigious Office, 80,546 sq ft, Miami Beach
      605 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • $150 SF/Yr
      1,500 SF

      Lincoln Road Retail Gem

      Prime South Beach retail space, 1500 sq ft.
      540 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • Contact for pricing
      146,327 SF

      Lincoln Road Executive Office Suites

      Prestigious Office Space, Miami Beach
      1111 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • Contact for pricing
      16,693 SF

      Lincoln Road Retail Trio | Miami Beach | Prime Lincoln Road Mall Location

      Three-story retail building, multiple suites available. High pedestrian traffic.
      734 Lincoln Rd, Miami Beach, FL 33139
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    826 Collins Ave
    Miami Beach, FL 33139
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.