Two-Building Office
16811 NE 6th Avenue, North Miami Beach, FL 33162
For Sale
$1,650,000
Two renovated single-story buildings offer professional and medical office layouts, with one space vacant and the other occupied under lease.
Property Size3,068 SF
Lot Size0.33 Acres
Price / SF$537.81
Days on Market124
Property Features for 16811 NE 6th Avenue
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Additional Details
Condition
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Compass Florida LLC
Listed By:
Brad Kuskin · License #3333122
(561) 232-7899
Source:
Maggirealty
Added: Jul 7
Changed: Nov 6
Last Checked: Nov 6 at 2:24PM
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 Compass Florida LLC
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Investment Insights
Based on property information with market context.
This office property combines two freestanding, renovated single-story buildings totaling approximately 3,068 square feet on contiguous parcels under common ownership. The buildings are offered together, and the interiors are suited to professional or medical office use. One building is vacant; the other is leased through June 2028, subject to a personal guarantee and a 60-day landlord termination right.
The property is at 16811 NE 6th Avenue in North Miami Beach, Florida. Both buildings were constructed in 1954.
The property is at 16811 NE 6th Avenue in North Miami Beach, Florida. Both buildings were constructed in 1954.
Key Highlights
- Two freestanding office buildings totaling approximately 3,068 SF
- Contiguous parcels held under common ownership and offered together
- Renovated single‑story layouts suited to professional or medical office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,317
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,626,340
$1.6M
Cap Rate 7%
$1,161,671
$1.2M
Cap Rate 9%
$903,522
$903.5K
Market Conditions
NOI Build-Up for 3,068 SF
Gross rent
$139.9K $45.60/SF
− Vacancy
−$31.5K −$10.26/SF
EGI
$108.4K $35.34/SF
− OpEx
−$27.1K −$8.84/SF
NOI
$81.3K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,626,340
Cap Rate 7%
$1,161,671
Cap Rate 9%
$903,522
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.36M
NOI $81,317 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,957 @ 7.0% cap · market cap 6.60%
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
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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
$345,000
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Miami-Dade County, FL
Properties on Market for Office buildings in Miami-Dade County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two renovated single-story buildings offer professional and medical office layouts, with one space vacant and the other occupied under lease.
Where is this office building located?
The property is located at 16811 NE 6th Avenue North Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Two freestanding office buildings totaling approximately 3,068 SF; Contiguous parcels held under common ownership and offered together; Renovated single‑story layouts suited to professional or medical office use
