Renovated Office
New
For Sale
Contact for pricing
600-1590 Ne 162nd St, North Miami Beach, FL
Updated office accommodation includes dedicated parking and water as part of the rent.
Property Size8,533 SF
Price / SF$0.01
Days on Market4
Property Features for 600-1590 Ne 162nd St
General Information
Standard status
Active
Size
8,533 SF
Additional Details
Condition
Move-in Ready
Property Use
Office
Taxes and HOA fees
Annual Taxes
$38,053
Listing Agency:
The Real Estate Lab, Inc.
(844) 299-3499
Listed By:
Danubia Constantinou · License #A12098010
(617) 851-9133
Source:
Exprealty
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 3:17PM
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 The Real Estate Lab, 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.
This 8,533-square-foot office property has undergone recent renovations. Dedicated parking is provided, and water is included in the rent.
Key Highlights
- 8,533‑square‑foot office property
- Recently renovated
- Dedicated parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$226,167
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,523,340
$4.5M
Cap Rate 7%
$3,230,957
$3.2M
Cap Rate 9%
$2,512,967
$2.5M
Market Conditions
NOI Build-Up for 8,533 SF
Gross rent
$389.1K $45.60/SF
− Vacancy
−$87.5K −$10.26/SF
EGI
$301.6K $35.34/SF
− OpEx
−$75.4K −$8.84/SF
NOI
$226.2K $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%
$4,523,340
Cap Rate 7%
$3,230,957
Cap Rate 9%
$2,512,967
Alternative Uses
Best Use
Office B
$3.23M
$2.83M – $3.77M
NOI $226,167 @ 7.0% cap · market cap 481,206.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.33M
$3.79M – $5.05M
NOI $303,041 @ 7.0% cap · market cap 644,768.09%
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Updated office accommodation includes dedicated parking and water as part of the rent.
Where is this office unit located?
The property is located at 600-1590 Ne 162nd St North Miami Beach, FL.
What are key features of this property?
This property features: 8,533‑square‑foot office property; Recently renovated; Dedicated parking
