Office
For Sale
Contact for pricing
650 NE 167th St, Miami, FL 33162
The property is near Biscayne Boulevard and I-95, connecting it with major area thoroughfares.
Property Size864 SF
Price / SF$4.57
Days on Market260
Property Features for 650 NE 167th St
General Information
Standard status
Active
Size
864 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Condition
Move-in Ready
Building Details
Building Size
864 SF
Year Built
1947
Listing Agency:
Miami Connections Realty LLC
Listed By:
Ruth Abeckjerr · License #0536378
(305) 542-4823
Source:
Diannalantiguarealty
Added: Feb 9
Changed: Oct 26
Last Checked: Oct 26 at 3:37PM
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 Miami Connections Realty 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.
This office property at 650 NE 167th St in Miami was built in 1947. The property information also identifies street frontage and a potential signage opportunity on the commercial block.
Biscayne Boulevard and I-95 are cited as nearby thoroughfares. The property is located in a commercial area and includes parking for customers and staff.
Biscayne Boulevard and I-95 are cited as nearby thoroughfares. The property is located in a commercial area and includes parking for customers and staff.
Key Highlights
- Built in 1947
- Located at 650 NE 167th St, Miami, FL 33162
- Biscayne Boulevard and I‑95 are nearby thoroughfares
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,786
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,720
$495.7K
Cap Rate 7%
$354,086
$354.1K
Cap Rate 9%
$275,400
$275.4K
Market Conditions
NOI Build-Up for 864 SF
Gross rent
$38.9K $45.00/SF
− Vacancy
−$5.8K −$6.75/SF
EGI
$33.0K $38.25/SF
− OpEx
−$8.3K −$9.56/SF
NOI
$24.8K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,720
Cap Rate 7%
$354,086
Cap Rate 9%
$275,400
Alternative Uses
Best Use
Office B
$354.1K
$309.8K – $413.1K
NOI $24,786 @ 7.0% cap · market cap 627.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$583.2K
$510.3K – $680.4K
NOI $40,824 @ 7.0% cap · market cap 1,033.52%
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
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,741
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 Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - The property is near Biscayne Boulevard and I-95, connecting it with major area thoroughfares.
Where is this office unit located?
The property is located at 650 NE 167th St Miami, FL.
What are key features of this property?
This property features: Built in 1947; Located at 650 NE 167th St, Miami, FL 33162; Biscayne Boulevard and I‑95 are nearby thoroughfares
