Three-Office Professional
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For Sale
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3363 NE 163rd Street #507, North Miami Beach, FL 33160
A dedicated workroom, kitchenette, and two assigned parking spaces support day-to-day office operations.
Property Size30,000 SF
Price / SF$0.16
Days on Market4
Property Features for 3363 NE 163rd Street #507
General Information
Standard status
Active
Size
30,000 SF
Total Parking Spaces
2
Property subtype
Office
Additional Details
Condition
Turnkey
Building Details
Year Built
2006
Listing Agency:
Core Realty Associates, Inc.
(786) 457-3153
Listed By:
Elvira Nelson · License #3065855
(954) 261-8077
Source:
Lehmannflorida
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 1:40PM
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 Core Realty Associates, Inc.
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Investment Insights
Based on property information with market context.
The 30,000-square-foot office suite includes three private offices, a client reception and lobby area, a dedicated workroom or file room, and additional storage. Several offices have exterior windows, while glass-front offices include built-in blinds. The kitchenette features wood-grain cabinetry, granite-look counters, and a water station.
Located at 3363 NE 163rd St #507 in North Miami Beach, the property was built in 2006. Internet, fps, and water are included in the lease, and the suite comes with two parking spaces.
Located at 3363 NE 163rd St #507 in North Miami Beach, the property was built in 2006. Internet, fps, and water are included in the lease, and the suite comes with two parking spaces.
Key Highlights
- Three private offices, including glass‑front rooms with built‑in blinds
- 30,000 square feet of office space
- Reception and lobby area with room for a waiting area or closing table
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$795,150
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,903,000
$15.9M
Cap Rate 7%
$11,359,286
$11.4M
Cap Rate 9%
$8,835,000
$8.8M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$1.37M $45.60/SF
− Vacancy
−$307.8K −$10.26/SF
EGI
$1.06M $35.34/SF
− OpEx
−$265.1K −$8.84/SF
NOI
$795.2K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,903,000
Cap Rate 7%
$11,359,286
Cap Rate 9%
$8,835,000
Alternative Uses
Best Use
Office B
$11.36M
$9.94M – $13.25M
NOI $795,150 @ 7.0% cap · market cap 16,740.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.22M
$13.32M – $17.76M
NOI $1,065,419 @ 7.0% cap · market cap 22,429.87%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,721
Businesses Nearby
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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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A dedicated workroom, kitchenette, and two assigned parking spaces support day-to-day office operations.
Where is this office unit located?
The property is located at 3363 NE 163rd Street #507 North Miami Beach, FL.
What are key features of this property?
This property features: Three private offices, including glass‑front rooms with built‑in blinds; 30,000 square feet of office space; Reception and lobby area with room for a waiting area or closing table
