Office Condominium with Private
3363 NE 163rd St 602, North Miami Beach, FL 33160
For Sale
New
$1,995,000
A sixth-floor workspace pairs enclosed offices with shared meeting and support areas, plus covered parking.
Property Size3,455 SF
Price / SF$577.42
Days on Market2
Property Features for 3363 NE 163rd St 602
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Space & Availability
Floor
Condition
Additional Details
Public Transit
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
AFFINITY INTERNATIONAL REALTY
Listed By:
Ignacio Fernandez De Cabo · License #A12023507
(305) 316-7364
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 3:47PM
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 AFFINITY INTERNATIONAL REALTY
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Investment Insights
Based on property information with market context.
Three adjoining office condominium units on the sixth floor are offered together as a 3,455-square-foot suite. The existing plan includes six private offices, a conference room, reception, storage, and a full kitchen. Large windows bring natural light into the workspace, and six assigned covered parking spaces are included. The building dates to 2006.
The property is on NE 163rd Street, across from Oleta River State Park and near shopping and dining. Bike Score is 52, Walk Score is 56, and Transit Score is 46.
The property is on NE 163rd Street, across from Oleta River State Park and near shopping and dining. Bike Score is 52, Walk Score is 56, and Transit Score is 46.
Key Highlights
- 3,455‑square‑foot suite comprising Units 602, 603 and 604
- Six oversized private offices, conference room, reception, storage room and full kitchen
- Six assigned covered parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,413
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,928,260
$1.9M
Cap Rate 7%
$1,377,329
$1.4M
Cap Rate 9%
$1,071,256
$1.1M
Market Conditions
NOI Build-Up for 3,455 SF
Gross rent
$153.4K $44.40/SF
− Vacancy
−$24.9K −$7.19/SF
EGI
$128.6K $37.21/SF
− OpEx
−$32.1K −$9.30/SF
NOI
$96.4K $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%
$1,928,260
Cap Rate 7%
$1,377,329
Cap Rate 9%
$1,071,256
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,413 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,068 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
1,721
Businesses Nearby
Explore this area
Business Placement
Demographics for 33160, FL
44,085
Population
33,749
Households
1.3
Avg Household Size
48
Median Age
49%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
10,019
Density / Sq Mi
$62,413
Median Household Income
$43,035
Median Earnings
$1,990
Median Rent
$360,200
Median Home Value
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Market
Properties on Market for Office Units in North Miami Beach
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A sixth-floor workspace pairs enclosed offices with shared meeting and support areas, plus covered parking.
Where is this office unit located?
The property is located at 3363 NE 163rd St 602 North Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 3,455‑square‑foot suite comprising Units 602, 603 and 604; Six oversized private offices, conference room, reception, storage room and full kitchen; Six assigned covered parking spaces
