Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Retail Space Available Title is generated by Realmo AI

    1949 NE 163rd St, North Miami Beach, FL 33162

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Last retail space with high visibility in North Miami Beach.

    Type:Retail, Restaurant
    Added:
    Mar 26, 2026
    Days on Market:
    70
    Last Refresh:
    May 12 at 9:46 pm

    Property Features for 1949 NE 163rd St

    General Information

    Standard status
    Active
    Property subtype
    Retail, Restaurant

    Spaces For Lease

    at 1949 NE 163rd St Contact us

    We can help!

    Listing Contact
    Celine De Paz

    Listing agent Celine De Paz License #3357526

    Listing office Augmentify Realty

    Listing date Mar 26, 2026

    Source Crexi

    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 Augmentify Realty

    HighLights

    • High Traffic Location: Approximately 48,400 vehicles passing daily.
    • Excellent Frontage: Features 53 feet of frontage on NE 163rd Street.
    • Prime Commercial Corridor: Strategically positioned in the heart of North Miami Beach.
    • Strong Tenant Mix: Join established businesses.
    • High Visibility: Outstanding visibility and exposure.
    • Accessibility: Easily accessible for pedestrians and motorists.

    Overview

    The last available retail space is located at 1949 NE 163rd Street in North Miami Beach. The property features 53 feet of frontage on NE 163rd Street, a major commercial corridor with approximately 48,400 vehicles passing daily, providing visibility and exposure to local residents and commuters. The location is accessible to pedestrians and motorists, with proximity to major thoroughfares and public transportation. The property is surrounded by established businesses, dining options, and neighborhood amenities. The space is suitable for retail, service, or specialty users. The tenant mix includes a smoke shop, kava lounge, restaurant, bank, and a kids’ indoor concept.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.178
    Latitude
    25.9282

    Nearby Similar for Lease

    • $4,750/Mo
      1,077 SF

      North Miami Beach Office Suite

      Modern office suite in North Miami Beach, 1,077 SF.
      3363 NE 163rd St, North Miami Beach, FL 33160
      View Details
    • $18 SF/Yr
      8,200 SF

      Full Floor Office Opportunity

      Full 9th floor available in Miami Square building.
      699 NE 167th St, North Miami Beach, FL 33162
      View Details
    • $30 SF/Yr
      2,400 SF

      North Miami Beach Retail Space

      2,400 sq ft retail suite on North Miami Beach Boulevard.
      901 N Miami Beach Blvd, North Miami Beach, FL 33162
      View Details
    • $1,980/Mo

      North Miami Beach Church Space

      Shared church space for lease in North Miami Beach, FL.
      15947 NE 19th Pl, North Miami Beach, FL 33162
      View Details
    • $7,500/Mo
      3,000 SF

      Retail or Restaurant Space Available

      3000 sq ft retail/restaurant space with high street visibility.
      1232 NE 163 St, North Miami Beach, FL 33162
      View Details
    • $27 SF/Yr

      North Miami Beach Office Space

      Professional office space in a well-maintained North Miami Beach building.
      101 NW 167th St, North Miami Beach, FL 33169
      View Details
    • Contact for pricing
      120 SF

      Greynolds Park Village Plaza Suite

      Private suite in established beauty business, ideal for beauty services.
      17850 W Dixie Hwy, North Miami Beach, FL 33160
      View Details
    • $2,000/Mo

      Spacious Unit in Ojus Area

      Two-bedroom unit with yard in a walkable, bikeable area.
      18416 NE 24th Ct 18418, North Miami Beach, FL 33160
      View Details
    • $2,000/Mo

      North Miami Beach Apartment Rental

      Spacious 2-bed, 1-bath apartment in North Miami Beach.
      95-97 NE 168th St 97, North Miami Beach, FL 33162
      View Details
    • $2,295/Mo

      North Miami Beach Waterfront Apartment

      Renovated 1 BR apartment with private dock and canal views.
      3626 NE 168th St 502, North Miami Beach, FL 33160
      View Details
    • $4,699/Mo

      North Miami Beach Apartment Rental

      Three-bedroom apartment with modern amenities and resort-style common areas.
      16395 Biscayne Blvd 2010, North Miami Beach, FL 33160
      View Details
    • $2,900/Mo

      Three-Bedroom Apartment in North Miami

      Comfortable three-bedroom apartment with modern amenities and convenient location.
      1324 NE 151st St 1324, North Miami Beach, FL 33162
      View Details

    FAQs

    What type of property is this?
    Retail space - Last retail space with high visibility in North Miami Beach.
    Where is this retail space located?
    The property is located at 1949 NE 163rd St North Miami Beach, FL.
    What are key features of this property?
    This property features: High Traffic Location: Approximately 48,400 vehicles passing daily.; Excellent Frontage: Features 53 feet of frontage on NE 163rd Street.; Prime Commercial Corridor: Strategically positioned in the heart of North Miami Beach.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Celine De Paz
    Real Estate License ID: 3357526
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1949 NE 163rd St, North Miami Beach, FL 33162
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!