3-Unit Office
3363 NE 163rd Street #602, North Miami Beach, FL 33160
For Sale
Contact for pricing
A sixth-floor workspace combines private offices with dedicated meeting and support areas.
Property Size3,455 SF
Price / SF$4.34
Days on Market9
Property Features for 3363 NE 163rd Street #602
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Floor
Office Units
Property Use
Building Details
Year Built
Listing Agency:
Affinity International Realty
(305) 376-4145
Listed By:
Ignacio Fernandez De Cabo · License FL #3470301
(305) 316-7364
Source:
Lehmannflorida
Added: Nov 5
Changed: Nov 12
Last Checked: Nov 12 at 7:45AM
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.
This office condominium combines Units 602, 603 and 604 into a 3,455-square-foot suite on the sixth floor of Office 163 Condo. The layout includes six private offices, a conference room, reception area, storage room and full kitchen. Large windows provide natural light, and six assigned covered parking spaces accompany the suite. The property was built in 2006.
The office is on NE 163rd Street, across from Oleta River State Park and near shopping and dining. The three units are offered together.
The office is on NE 163rd Street, across from Oleta River State Park and near shopping and dining. The three units are offered together.
Key Highlights
- 3,455‑square‑foot office suite assembled from Units 602, 603 and 604
- Six oversized private offices, conference room, reception area, storage room and full kitchen
- Six assigned covered parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,413
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
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,068 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 combines private offices with dedicated meeting and support areas.
Where is this office unit located?
The property is located at 3363 NE 163rd Street #602 North Miami Beach, FL.
What are key features of this property?
This property features: 3,455‑square‑foot office suite assembled from Units 602, 603 and 604; Six oversized private offices, conference room, reception area, storage room and full kitchen; Six assigned covered parking spaces
