Furnished Office Suite on 6th
For Sale
$2,525,000
Pending
3363 NE 163 ST Unit 605, North Miami Beach, FL 33160
Fully furnished office suite on the 6th floor with private window views, reception area, and multiple offices plus conference rooms.
Property Size5,873 SF
Days on Market3909
Property Features for 3363 NE 163 ST Unit 605
General Information
Standard status
Pending
Size
5,873 SF
Property subtype
General Commercial
Space & Availability
Floor
6
Furnished
Yes
Amenities
conference rooms
kitchen
break area
data room
files room
reception area
window views
3
11 Parking Spaces.
75
Building Details
Year Built
2006
Listing Agency:
Engel & Voelkers
(786) 301-1273
Listed By:
Juan Estrada
(786) 301-1273
Source:
Xome
Added: Nov 23, 2015
Changed: Jul 30
Last Checked: Jul 30 at 7:59AM
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 Engel & Voelkers
Investment Insights
Based on property information with market context.
This furnished office suite is located on the 6th floor and totals 5,873 SF. The layout includes a CEO office, seven manager offices, and six employee offices, supported by a wide reception area. There are two conference rooms, a kitchen with a break area, and dedicated rooms including a data room with wiring ready and two file rooms.
Office finishes and functionality are designed for day-to-day operations. Every office has its own window with views of the sunny Isles skyline and Oleta River Park. The suite is offered as fully furnished and described as ready for move-in.
Additional features include an interior guest facility count of 3. The property includes 11 parking spaces and was built in 2006.
Office finishes and functionality are designed for day-to-day operations. Every office has its own window with views of the sunny Isles skyline and Oleta River Park. The suite is offered as fully furnished and described as ready for move-in.
Additional features include an interior guest facility count of 3. The property includes 11 parking spaces and was built in 2006.
Key Highlights
- 5,873 SF furnished office suite on the 6th floor
- CEO office plus seven manager offices and six employee offices
- Two conference rooms and wide reception area
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 | $267.8k | $45.60 |
| − Vacancy | −$60.3k | −$10.26 |
| EGI | $207.6k | $35.34 |
| − OpEx | −$51.9k | −$8.84 |
| NOI | $155.7k | $26.51 |
5,873 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.22M
$1.95M – $2.59M
NOI $155,664 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,573 @ 7.0% cap · market cap 8.26%
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 - Fully furnished office suite on the 6th floor with private window views, reception area, and multiple offices plus conference rooms.
Where is this office units located?
The property is located at 3363 NE 163 ST Unit 605 North Miami Beach, FL.
What is the asking price?
The asking price for this property is $2,525,000.
What are key features of this property?
This property features: 5,873 SF furnished office suite on the 6th floor; CEO office plus seven manager offices and six employee offices; Two conference rooms and wide reception area
