Retail Space with Glass
New
For Sale
Contact for pricing
1421 NE 163rd Street #1367, North Miami Beach, FL 33162
Two restrooms and mall parking accommodate customer and employee use.
Property Size309,113 SF
Price / SF$0.01
Days on Market2
Property Features for 1421 NE 163rd Street #1367
General Information
Standard status
Active
Size
309,113 SF
Property subtype
Retail
Amenities
two restroom facilities
well-maintained, powerful air conditioning
large glass windows
storefront exposure
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 20
Changed: Oct 21
Last Checked: Oct 21 at 2:37AM
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 space features a storefront with large glass windows and two restroom facilities. Air conditioning is installed, and the unit is situated within a mall parking lot. The available facts support a straightforward retail-space offering, without specifying a floor plan or square footage.
The property is at 1421 NE 163rd Street in North Miami Beach. Existing furnishings shown in earlier photographs have been removed, and the actual condition and features should be confirmed during a property visit.
The property is at 1421 NE 163rd Street in North Miami Beach. Existing furnishings shown in earlier photographs have been removed, and the actual condition and features should be confirmed during a property visit.
Key Highlights
- Large glass storefront windows
- Two restroom facilities
- 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 149,338.69%
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 313,652.11%
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 - Two restrooms and mall parking accommodate customer and employee use.
Where is this retail space located?
The property is located at 1421 NE 163rd Street #1367 North Miami Beach, FL.
What are key features of this property?
This property features: Large glass storefront windows; Two restroom facilities; Air conditioning
