Retail
For Sale
Contact for pricing
510 NE 167th St # 510, Miami, FL 33162
Retail or service space with dedicated parking at both the front and rear of the property.
Property Size6,200 SF
Price / SF$0.56
Days on Market179
Property Features for 510 NE 167th St # 510
General Information
Standard status
Active
Size
6,200 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$42,456
Building Details
Building Size
6,200 SF
Year Built
1971
Listing Agency:
FL Prime LLC
Listed By:
Tomas Furman · License #3366332
(786) 659-7644
Source:
Diannalantiguarealty
Added: May 4
Changed: Oct 26
Last Checked: Oct 26 at 3:45PM
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 FL Prime LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The retail space accommodates retail or service use and has dedicated parking at both the front and rear of the property. The building dates to 1971.
Situated on NE 167th Street, the property is near I-95, NE 6th Avenue, and public transit. The corridor carries more than 57,500 vehicles per day.
Situated on NE 167th Street, the property is near I-95, NE 6th Avenue, and public transit. The corridor carries more than 57,500 vehicles per day.
Key Highlights
- Retail or service space
- Dedicated parking at the front and rear
- NE 167th Street corridor sees 57,500+ vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$202,279
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,045,580
$4.0M
Cap Rate 7%
$2,889,700
$2.9M
Cap Rate 9%
$2,247,544
$2.2M
Market Conditions
NOI Build-Up for 6,200 SF
Gross rent
$322.2K $51.96/SF
− Vacancy
−$33.2K −$5.35/SF
EGI
$289.0K $46.61/SF
− OpEx
−$86.7K −$13.98/SF
NOI
$202.3K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,045,580
Cap Rate 7%
$2,889,700
Cap Rate 9%
$2,247,544
Alternative Uses
Best Use
Retail
$2.89M
$2.53M – $3.37M
NOI $202,279 @ 7.0% cap · market cap 5,795.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.19M
$3.66M – $4.88M
NOI $292,953 @ 7.0% cap · market cap 8,394.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,862
Businesses Nearby
Explore this area
Business Placement
Demographics for 33162, FL
45,277
Population
16,719
Households
2.7
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$55,993
Median Household Income
$31,848
Median Earnings
$1,535
Median Rent
$345,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Miami, FL
Frequently Asked Questions
What type of property is this?
Retail space - Retail or service space with dedicated parking at both the front and rear of the property.
Where is this retail space located?
The property is located at 510 NE 167th St # 510 Miami, FL.
What are key features of this property?
This property features: Retail or service space; Dedicated parking at the front and rear; NE 167th Street corridor sees 57,500+ vehicles per day
