North Miami Beach Full
For Sale
Contact for pricing
699 NE 167th St 9th floor, North Miami Beach, FL 33162
Full floor office space ideal for medical or educational use.
Property Size105,200 SF
Price / SF$0.00
Days on Market188
Property Features for 699 NE 167th St 9th floor
General Information
Standard status
Active
Size
105,200 SF
Property subtype
Commercial
Lease Term
4 to 6 years
Site & Location
Neighborhood
Cakegrove
Taxes and HOA fees
Annual Taxes
$247,013
Building Details
Building Size
105,200 SF
Year Built
1965
Stories
12
Listing Agency:
EXP REALTY LLC
Listed By:
Yaakov Rosenberg · License #3540019
(845) 304-3685
Source:
Elliman
Added: Apr 24
Changed: Oct 27
Last Checked: Oct 28 at 10:09AM
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 EXP REALTY LLC
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 entire 9th floor is available in the Miami Square building, situated in North Miami Beach. This full-floor opportunity provides approximately 8,200 square feet, suitable for medical, educational, professional, or corporate purposes. Previously used by a medical school, the layout comprises a combination of classrooms and private offices, allowing flexible use and efficient build-out. The floor includes dedicated restrooms. The location is less than five minutes from I-95 and within ten minutes of the Florida Turnpike. The building fronts NE 167th Street and sits at the corner of NE 6th Avenue, ensuring visibility and easy access. The property features two newly installed elevators and over 300 on-site parking spaces. Ground-floor retail and service businesses add convenience. The location is near shops, restaurants, and major North Miami Beach amenities. The building has a bike score of 47, walk score of 48, and transit score of 39.
Key Highlights
- Full 9th‑floor availability (approx. 8,200 sq ft) in the Miami Square building.
- Excellent accessibility: less than 5 minutes from I‑95 and within 10 minutes of the Florida Turnpike.
- Over 300 on‑site parking spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,043
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,160,860
$2.2M
Cap Rate 7%
$1,543,471
$1.5M
Cap Rate 9%
$1,200,478
$1.2M
Market Conditions
NOI Build-Up for 8,200 SF
Gross rent
$196.8K $24.00/SF
− Vacancy
−$16.7K −$2.04/SF
EGI
$180.1K $21.96/SF
− OpEx
−$72.0K −$8.78/SF
NOI
$108.0K $13.18/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,160,860
Cap Rate 7%
$1,543,471
Cap Rate 9%
$1,200,478
Alternative Uses
Best Use
Office B
$3.10M
$2.72M – $3.62M
NOI $217,341 @ 7.0% cap · market cap 1,207,450.00%
Second Best
Healthcare Medical
$1.54M
$1.35M – $1.80M
NOI $108,043 @ 7.0% cap · market cap 600,238.89%
Theoretical Best
Office A
$4.16M
$3.64M – $4.85M
NOI $291,214 @ 7.0% cap · market cap 1,617,855.56%
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
Location Intelligence
Trade Area within ½ mile
2,074
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 South region
Frequently Asked Questions
What type of property is this?
Office unit - Full floor office space ideal for medical or educational use.
Where is this office unit located?
The property is located at 699 NE 167th St 9th floor North Miami Beach, FL.
What are key features of this property?
This property features: Full 9th‑floor availability (approx. 8,200 sq ft) in the Miami Square building.; Excellent accessibility: less than 5 minutes from I‑95 and within 10 minutes of the Florida Turnpike.; Over 300 on‑site parking spaces.
