North Miami Beach Redevelopment
21 NE 168th Street North Miami Beach, FL
21 NE 168th Street, North Miami Beach, FL
$1,199,000
For Sale
$1,199,000
SINGLE_FAMILY - North Miami Beach, FL
Property Size3,500 SF
Lot Size0.31 Acres
Price / SF$342.57
Days on Market113
Property Features for 21 NE 168th Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- RO District
- Parking
- 20
- Standard status
- Active
- APN
- 0721130070900
- Size
- 3,500 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- OLETA TERRACE-A SUB PB 8-117 LOTS 45 TO 48 INC BLK 7 LOT SIZE 100.000 X 135 OR 18135-1723 0498 4
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1977
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick Veneer, CBS
- Roof type
- Shingle
Listing Agency
EXP Realty, LLC.
(954) 368-3416
5500 S Flamingo Road Suite 203, Jacksonville, FL
Listed by
Kevin Berman · License #694673
(954) 471-8120
Added: Mar 28 Checked: Jul 18 at 8:06 am
MLS# B26009599
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property presents a rare opportunity to acquire an existing house of worship in North Miami Beach. The property is located in the heart of a rapidly evolving corridor, minutes from Biscayne Blvd and I-95, and near the 163rd Street Commercial district. The site offers exceptional potential for adaptive reuse or redevelopment and is ideal for conversion to medical office or professional space, or continued use as a religious facility. The property is located on the corner of NE 168th and N. Miami Ave, surrounded by redevelopment within the Residential Office District with RO Zoning. It is located just two blocks (1/3 mile) from the Jackson North location of Jackson Memorial Hospital. The property is supported by strong residential density, presenting a compelling investment for users and developers. The lot size is 0.31 acres and the property size is 3,500 square feet.
Key Highlights
- Located on the corner of NE 168th St & N. Miami Ave in a Residential Office District (RO zoning).
- Minutes from major thoroughfares including Biscayne Blvd & I‑95.
- Near the 163rd Street Commercial district.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.6k | $45.60 |
| − Vacancy | −$35.9k | −$10.26 |
| EGI | $123.7k | $35.34 |
| − OpEx | −$30.9k | −$8.84 |
| NOI | $92.8k | $26.51 |
3,500 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $92,768 @ 7.0% cap · market cap 7.74%
Second Best
Healthcare Medical
$658.8K
$576.5K – $768.6K
NOI $46,116 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,299 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Churches & religious facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Church & religious facility - House of worship suitable for redevelopment or adaptive reuse.
Where is this church & religious facility located?
The property is located at 21 NE 168th Street North Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Located on the corner of NE 168th St & N. Miami Ave in a Residential Office District (RO zoning).; Minutes from major thoroughfares including Biscayne Blvd & I‑95.; Near the 163rd Street Commercial district.
