Corner Retail
For Sale
Contact for pricing
2191 NE 163rd St # 2191, North Miami Beach, FL 33162
Street-facing windows and permitted electrical signage support storefront presentation.
Property Size22,576 SF
Price / SF$0.27
Days on Market156
Property Features for 2191 NE 163rd St # 2191
General Information
Standard status
Active
Size
22,576 SF
Property subtype
Retail
Site & Location
Neighborhood
Cakegrove
Corner Location
Yes
Building Details
Building Size
22,576 SF
Year Built
2006
Listing Agency:
BRW Miami, LLC.
Listed By:
Andru Vergara · License #3313903
(786) 970-7793
Source:
Diannalantiguarealty
Added: May 25
Changed: Oct 26
Last Checked: Oct 26 at 3:26PM
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 BRW Miami, LLC.
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Investment Insights
Based on property information with market context.
This corner retail unit at 2191 NE 163rd St in North Miami Beach was built in 2006. Windows face NE 163rd Street and Dixie Highway, and electrical signage is permitted.
The property sits along these two streets, with the corner position and window orientation providing exposure to both roadways.
The property sits along these two streets, with the corner position and window orientation providing exposure to both roadways.
Key Highlights
- Corner retail unit at 2191 NE 163rd St, North Miami Beach
- Windows face NE 163rd Street and Dixie Highway
- Electrical signage is permitted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$381,742
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,634,840
$7.6M
Cap Rate 7%
$5,453,457
$5.5M
Cap Rate 9%
$4,241,578
$4.2M
Market Conditions
NOI Build-Up for 22,576 SF
Gross rent
$596.0K $26.40/SF
− Vacancy
−$50.7K −$2.24/SF
EGI
$545.3K $24.16/SF
− OpEx
−$163.6K −$7.25/SF
NOI
$381.7K $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%
$7,634,840
Cap Rate 7%
$5,453,457
Cap Rate 9%
$4,241,578
Alternative Uses
Best Use
Retail
$5.45M
$4.77M – $6.36M
NOI $381,742 @ 7.0% cap · market cap 6,363.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.45M
$10.02M – $13.36M
NOI $801,763 @ 7.0% cap · market cap 13,364.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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 - Street-facing windows and permitted electrical signage support storefront presentation.
Where is this retail space located?
The property is located at 2191 NE 163rd St # 2191 North Miami Beach, FL.
What are key features of this property?
This property features: Corner retail unit at 2191 NE 163rd St, North Miami Beach; Windows face NE 163rd Street and Dixie Highway; Electrical signage is permitted
