Office Suite with Private
507-3363 Ne 163rd St, North Miami Beach, FL
For Sale
New
Contact for pricing
Built-out workspace combines client reception, private offices, a workroom, and kitchenette.
Property Size30,000 SF
Price / SF$0.16
Days on Market7
Property Features for 507-3363 Ne 163rd St
General Information
Standard status
Size
Total Parking Spaces
Additional Details
Condition
Property Use
Taxes and HOA fees
Annual Taxes
Listing Agency:
Core Realty Associates, Inc.
(786) 457-3153
Listed By:
Elvira Nelson PA · License #3065855
(954) 261-8077
Source:
Exprealty
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 5:53PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The office suite is configured with a reception and lobby area, three private offices, a dedicated work or file room, and additional storage. Several offices have exterior windows, while glass-front rooms include blinds. A kitchenette features wood-grain cabinetry, granite-look counters, and a water station. The reception area includes a slatted wood accent wall and a wall-mounted display. Internet, fps, and water are included in the lease. Two parking spaces accompany the suite.
Key Highlights
- Three private offices, including windowed rooms and glass‑front offices with blinds
- Reception and lobby with slatted wood accent wall and wall‑mounted display
- Dedicated work or file room, kitchenette, and additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$837,162
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,743,240
$16.7M
Cap Rate 7%
$11,959,457
$12.0M
Cap Rate 9%
$9,301,800
$9.3M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$1.33M $44.40/SF
− Vacancy
−$215.8K −$7.19/SF
EGI
$1.12M $37.21/SF
− OpEx
−$279.1K −$9.30/SF
NOI
$837.2K $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%
$16,743,240
Cap Rate 7%
$11,959,457
Cap Rate 9%
$9,301,800
Alternative Uses
Best Use
Office B
$11.96M
$10.46M – $13.95M
NOI $837,162 @ 7.0% cap · market cap 17,624.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.38M
$14.33M – $19.11M
NOI $1,146,758 @ 7.0% cap · market cap 24,142.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,225
Businesses Nearby
Explore this area
Business Placement
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 - Built-out workspace combines client reception, private offices, a workroom, and kitchenette.
Where is this office unit located?
The property is located at 507-3363 Ne 163rd St North Miami Beach, FL.
What are key features of this property?
This property features: Three private offices, including windowed rooms and glass‑front offices with blinds; Reception and lobby with slatted wood accent wall and wall‑mounted display; Dedicated work or file room, kitchenette, and additional storage
