Office Suite with Conference
For Sale
Contact for pricing
3363 NE 163rd St # 702, North Miami Beach, FL 33160
An adaptable workplace includes reception, a kitchenette, building elevator access, and assigned parking.
Property Size1,077 SF
Price / SF$4.41
Days on Market171
Property Features for 3363 NE 163rd St # 702
General Information
Standard status
Active
Size
1,077 SF
Elevators
Yes
Property subtype
Office
Additional Details
Floor
7
Property Use
Office
Amenities
professional common areas
conference room
reception area
kitchenette
Building Details
Building Size
1,077 SF
Year Built
2006
Listing Agency:
Silmar Realty
Listed By:
Phillip Tartakovsky · License #3486737
(786) 252-9495
Source:
Diannalantiguarealty
Added: May 11
Changed: Oct 26
Last Checked: Oct 26 at 3:26PM
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 Silmar Realty
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Investment Insights
Based on property information with market context.
This 1,077-square-foot office suite combines an open work area with a conference room, reception area, and kitchenette. Large windows bring natural light into the interior. The building, completed in 2006, has professional common areas and elevator access, with assigned spaces for occupants and additional parking for visitors.
The suite is at 3363 NE 163rd St in North Miami Beach, near Oleta River State Park and with access to Aventura and Sunny Isles Beach. Water and trash service are included in the rental rate; the tenant is responsible for electricity, internet, and insurance.
The suite is at 3363 NE 163rd St in North Miami Beach, near Oleta River State Park and with access to Aventura and Sunny Isles Beach. Water and trash service are included in the rental rate; the tenant is responsible for electricity, internet, and insurance.
Key Highlights
- 1,077 SF office suite with an open layout
- Conference room, reception area, and kitchenette
- Large windows throughout the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,546
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,920
$570.9K
Cap Rate 7%
$407,800
$407.8K
Cap Rate 9%
$317,178
$317.2K
Market Conditions
NOI Build-Up for 1,077 SF
Gross rent
$49.1K $45.60/SF
− Vacancy
−$11.1K −$10.26/SF
EGI
$38.1K $35.34/SF
− OpEx
−$9.5K −$8.84/SF
NOI
$28.5K $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%
$570,920
Cap Rate 7%
$407,800
Cap Rate 9%
$317,178
Alternative Uses
Best Use
Office B
$407.8K
$356.8K – $475.8K
NOI $28,546 @ 7.0% cap · market cap 600.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$546.4K
$478.1K – $637.5K
NOI $38,249 @ 7.0% cap · market cap 805.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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 - An adaptable workplace includes reception, a kitchenette, building elevator access, and assigned parking.
Where is this office unit located?
The property is located at 3363 NE 163rd St # 702 North Miami Beach, FL.
What are key features of this property?
This property features: 1,077 SF office suite with an open layout; Conference room, reception area, and kitchenette; Large windows throughout the suite
