Church with Redevelopment
21 NE 168th Street North Miami Beach, FL
For Sale
$1,199,000
Existing house of worship at a corner location in the Residential Office District under RO zoning.
Property Size3,500 SF
Price / SF$342.57
Days on Market140
Property Features for 21 NE 168th Street
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Office
Building Details
- Year Built
- 1977
Listing Agency:
EXP Realty, LLC.
(954) 471-8120
Listed By:
Kevin Berman · License #694673
(954) 471-8120
Source:
Xome
Added: Mar 5
Changed: Jul 23
Last Checked: Jul 23 at 8:37AM
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 EXP Realty, LLC.
Investment Insights
Based on property information with market context.
This property is an existing house of worship located on a corner site at NE 168th Street and N. Miami Ave. It sits within the Residential Office District with RO zoning, offering the opportunity for continued religious use or adaptive reuse for other professional purposes as described in the listing.
The property is positioned minutes from major thoroughfares including Biscayne Blvd and I-95, and it is near the 163rd Street commercial district. The listing also notes proximity to Jackson North and Jackson Memorial Hospital, approximately two blocks to 1/3 mile away.
The property is positioned minutes from major thoroughfares including Biscayne Blvd and I-95, and it is near the 163rd Street commercial district. The listing also notes proximity to Jackson North and Jackson Memorial Hospital, approximately two blocks to 1/3 mile away.
Key Highlights
- Existing house of worship on a corner lot in the Residential Office District (RO zoning)
- Corner location at NE 168th St & N Miami Ave
- 20 parking spaces available on‑site
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.6k | $45.60 |
| − Vacancy | −$35.9k | −$10.26 |
| EGI | $123.7k | $35.34 |
| − OpEx | −$30.9k | −$8.84 |
| NOI | $92.8k | $26.51 |
3,500 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $92,768 @ 7.0% cap · market cap 7.74%
Second Best
Healthcare Medical
$658.8K
$576.5K – $768.6K
NOI $46,116 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,299 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Churches & religious facilities
FAQs
What type of property is this?
Church & religious facility - Existing house of worship at a corner location in the Residential Office District under RO zoning.
Where is this church & religious facility located?
The property is located at 21 NE 168th Street North Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Existing house of worship on a corner lot in the Residential Office District (RO zoning); Corner location at NE 168th St & N Miami Ave; 20 parking spaces available on‑site
