Office Suite with Unobstructed
For Sale
$849,000
Pending
3363 NE 163rd St Unit 504, North Miami Beach, FL 33160
Office suite with unobstructed city and intracoastal views plus four assigned parking spaces and guest parking.
Property Size1,980 SF
Days on Market2769
Property Features for 3363 NE 163rd St Unit 504
General Information
Standard status
Pending
Size
1,980 SF
Total Parking Spaces
4
Property subtype
General Commercial
Amenities
3
4 Parking Spaces.
Building Details
Year Built
2006
Listing Agency:
Algebra Realty.com
(305) 956-5900
Listed By:
Jose Augusto Nunes · License #0591267
(305) 956-5900
Source:
Xome
Added: Jan 6, 2019
Changed: Jul 30
Last Checked: Jul 30 at 2:56PM
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 Algebra Realty.com
Investment Insights
Based on property information with market context.
This office suite offers 1,980 SF of inside space with an office-focused layout designed for day-to-day productivity. The space includes unobstructed city and intracoastal views, supporting a bright, open feel for clients and teams. The suite also includes guest facilities (3).
The suite is located at 3363 NE 163rd St Unit 504 in North Miami Beach, FL 33160. Parking is practical for both tenants and visitors, with 4 assigned parking spaces and guest parking available.
Built in 2006, this office opportunity is set up for straightforward occupancy and offers a defined suite configuration within the building, making it a good fit for office users seeking a views-forward environment and dedicated parking.
The suite is located at 3363 NE 163rd St Unit 504 in North Miami Beach, FL 33160. Parking is practical for both tenants and visitors, with 4 assigned parking spaces and guest parking available.
Built in 2006, this office opportunity is set up for straightforward occupancy and offers a defined suite configuration within the building, making it a good fit for office users seeking a views-forward environment and dedicated parking.
Key Highlights
- 1,980 SF inside office space
- Unobstructed city and intracoastal views
- Four assigned parking spaces plus guest parking available
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 | $90.3k | $45.60 |
| − Vacancy | −$20.3k | −$10.26 |
| EGI | $70.0k | $35.34 |
| − OpEx | −$17.5k | −$8.84 |
| NOI | $52.5k | $26.51 |
1,980 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$749.7K
$656.0K – $874.7K
NOI $52,480 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$879.0K – $1.17M
NOI $70,318 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite with unobstructed city and intracoastal views plus four assigned parking spaces and guest parking.
Where is this office units located?
The property is located at 3363 NE 163rd St Unit 504 North Miami Beach, FL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 1,980 SF inside office space; Unobstructed city and intracoastal views; Four assigned parking spaces plus guest parking available
