Retail
New
For Sale
Contact for pricing
1421 NE 163rd Street #1371, North Miami Beach, FL 33162
The retail space is in a property built in 1957.
Property Size309,113 SF
Price / SF$0.03
Days on Market5
Property Features for 1421 NE 163rd Street #1371
General Information
Standard status
Active
Size
309,113 SF
Property subtype
Retail
Site & Location
Neighborhood
Cakegrove
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 22
Changed: Oct 25
Last Checked: Oct 24 at 4:49PM
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
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Investment Insights
Based on property information with market context.
Retail space is offered at 1421 NE 163rd Street, Unit 1371, in North Miami Beach, Florida. The property was built in 1957.
Key Highlights
- Property built in 1957
- Located at 1421 NE 163rd Street, Unit 1371, North Miami Beach, FL 33162
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 52,268.54%
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 109,778.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The retail space is in a property built in 1957.
Where is this retail space located?
The property is located at 1421 NE 163rd Street #1371 North Miami Beach, FL.
What are key features of this property?
This property features: Property built in 1957; Located at 1421 NE 163rd Street, Unit 1371, North Miami Beach, FL 33162
