Two-Story Office Building with
1880 NE 163rd St, North Miami Beach, FL 33162
For Sale
New
$3,500,000
Commercial Sale, North Miami Beach, FL
Property Size7,500 SF
Lot Size0.16 Acres
Price / SF$466.67
Days on Market1
Property Features for 1880 NE 163rd St
General Information
Property type
Property subtype
Zoning description
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Condition
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Buildings
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Orly Ahula · License FL #3554843
(310) 467-9724
Added: Nov 13
Last Checked: Nov 13 at 2:06PM
MLS# A12123233
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-story office building at 1880 NE 163rd St contains approximately 7,500 square feet, with about 4,400 square feet on the ground floor and 3,100 square feet upstairs. An operational elevator connects the levels. The property was built in 1960 and is expected to be delivered vacant at closing. A separate parcel used for parking is included in the sale.
Positioned on NE 163rd Street in North Miami Beach, the property is presented for office, medical, service, retail, or other commercial use, subject to zoning and required approvals. The building’s two-floor configuration allows a buyer to occupy both levels or use one floor while leasing the other. Renovation and modernization may be considered; potential city grant funding is subject to verification and approval.
Positioned on NE 163rd Street in North Miami Beach, the property is presented for office, medical, service, retail, or other commercial use, subject to zoning and required approvals. The building’s two-floor configuration allows a buyer to occupy both levels or use one floor while leasing the other. Renovation and modernization may be considered; potential city grant funding is subject to verification and approval.
Key Highlights
- Approximately 7,500 square feet across two floors: 4,400 square feet on the ground level and 3,100 square feet upstairs
- Operational elevator connects the two floors
- Sale includes a separate parking parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$209,291
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,185,820
$4.2M
Cap Rate 7%
$2,989,871
$3.0M
Cap Rate 9%
$2,325,456
$2.3M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$333.0K $44.40/SF
− Vacancy
−$53.9K −$7.19/SF
EGI
$279.1K $37.21/SF
− OpEx
−$69.8K −$9.30/SF
NOI
$209.3K $27.91/SF
Area
Miami-Dade County, FL
Vacancy
16.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,185,820
Cap Rate 7%
$2,989,871
Cap Rate 9%
$2,325,456
Alternative Uses
Best Use
Office B
$2.99M
$2.62M – $3.49M
NOI $209,291 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.10M
$3.58M – $4.78M
NOI $286,690 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
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
$345,000
Median Home Value
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Market
Average Price Trend$/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 - The vacant-at-closing property has separate floor areas that can support occupancy on one level while the other is leased.
Where is this office building located?
The property is located at 1880 NE 163rd St North Miami Beach, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Approximately 7,500 square feet across two floors: 4,400 square feet on the ground level and 3,100 square feet upstairs; Operational elevator connects the two floors; Sale includes a separate parking parcel
