Freestanding Retail with Drive-Thru
For Sale
$600,000
Pending
1901 NE 168th St, North Miami Beach, FL 33162
Freestanding retail at a North Miami Beach corner with a drive-thru window, 7 parking spaces, and MU/TC zoning.
Property Size1,164 SF
Days on Market2965
Property Features for 1901 NE 168th St
General Information
Standard status
Pending
Size
1,164 SF
Property subtype
General Commercial
Zoning
MU/TC
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Amenities
3
7 Parking Spaces.
52
Building Details
Year Built
1968
Listing Agency:
TIR Prime Properties Corp.
(305) 944-5900
Listed By:
Mariano Saal · License #A11973078
(305) 944-5900
Source:
Xome
Added: Jun 18, 2018
Changed: Jul 30
Last Checked: Jul 30 at 5:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TIR Prime Properties Corp.
Investment Insights
Based on property information with market context.
Freestanding retail property at a corner location in North Miami Beach, offered for sale. The building is described as modern and includes a drive-thru window, along with guest facilities totaling 3. Exterior amenities include 7 parking spaces, and the property was built in 1968.
The site is positioned one block from City Hall in North Miami Beach and is noted as close to Aventura and Sunny Isles Beach, as well as surrounding residences, schools, and businesses. It is also described as having convenient nearby retail and service demand.
For development and tenant use planning, the remarks reference new zoning MU/TC allowing mixed-use development. The property also lists a lot dimension of 52.
The site is positioned one block from City Hall in North Miami Beach and is noted as close to Aventura and Sunny Isles Beach, as well as surrounding residences, schools, and businesses. It is also described as having convenient nearby retail and service demand.
For development and tenant use planning, the remarks reference new zoning MU/TC allowing mixed-use development. The property also lists a lot dimension of 52.
Key Highlights
- Drive‑thru window for convenient customer service
- Corner freestanding retail in North Miami Beach one block from City Hall
- 7 parking spaces on site
Financial Insights For Specialty Retail
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 | $32.1k | $27.60 |
| − Vacancy | −$2.2k | −$1.93 |
| EGI | $29.9k | $25.67 |
| − OpEx | −$7.5k | −$6.42 |
| NOI | $22.4k | $19.25 |
1,164 SF · lease $27.60/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$320.1K
$280.1K – $373.5K
NOI $22,408 @ 7.0% cap · market cap 3.73%
Second Best
Retail
$281.2K
$246.0K – $328.0K
NOI $19,682 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$590.5K
$516.7K – $689.0K
NOI $41,338 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,821
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33162, FL
45,277
Population
16,719
Households
2.7
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$55,993
Median Household Income
$31,848
Median Earnings
$1,535
Median Rent
$345,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail at a North Miami Beach corner with a drive-thru window, 7 parking spaces, and MU/TC zoning.
Where is this storefront property located?
The property is located at 1901 NE 168th St North Miami Beach, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Drive‑thru window for convenient customer service; Corner freestanding retail in North Miami Beach one block from City Hall; 7 parking spaces on site
