Retail Suite with Glass
New
For Sale
Contact for pricing
1421 NE 163rd Street #1354, North Miami Beach, FL 33162
An open floor plan, two restrooms, and on-site parking accommodate retail and service businesses.
Property Size309,113 SF
Price / SF$0.02
Days on Market6
Property Features for 1421 NE 163rd Street #1354
General Information
Standard status
Active
Size
309,113 SF
Property subtype
Retail
Site & Location
Neighborhood
Cakegrove
Additional Details
Tenant in Place
Yes
Amenities
two restrooms
powerful, well-maintained air conditioning
large glass storefront windows
Building Details
Year Built
1957
Listing Agency:
Florida Capital Realty
(786) 953-5870
Listed By:
Hannah Cain · License #3643806
(561) 679-5115
Source:
Lehmannflorida
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 24 at 6:04PM
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 Florida Capital Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail suite features an open interior, two restrooms, and well-maintained air conditioning. Large glass windows form the storefront, and on-site parking serves customers and employees. The space is suited to retail and service-oriented business uses.
Key Highlights
- Open layout with two restrooms
- Large glass storefront windows
- Well‑maintained air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,226,854
Suggested Prices Based on Cap Rates
Cap Rate 5%
$104,537,080
$104.5M
Cap Rate 7%
$74,669,343
$74.7M
Cap Rate 9%
$58,076,156
$58.1M
Market Conditions
NOI Build-Up for 309,113 SF
Gross rent
$8.16M $26.40/SF
− Vacancy
−$693.6K −$2.24/SF
EGI
$7.47M $24.16/SF
− OpEx
−$2.24M −$7.25/SF
NOI
$5.23M $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$104,537,080
Cap Rate 7%
$74,669,343
Cap Rate 9%
$58,076,156
Alternative Uses
Best Use
Retail
$74.67M
$65.34M – $87.11M
NOI $5,226,854 @ 7.0% cap · market cap 87,114.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$156.83M
$137.22M – $182.96M
NOI $10,977,824 @ 7.0% cap · market cap 182,963.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,074
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - An open floor plan, two restrooms, and on-site parking accommodate retail and service businesses.
Where is this retail space located?
The property is located at 1421 NE 163rd Street #1354 North Miami Beach, FL.
What are key features of this property?
This property features: Open layout with two restrooms; Large glass storefront windows; Well‑maintained air conditioning
