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    Retail Space in Intracoastal Mall Title is generated by Realmo AI

    3881 NE 163rd St, North Miami Beach, FL 33160

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    Retail and restaurant spaces available in North Miami Beach.

    Type:Retail, Restaurant
    Added:
    Aug 9, 2023
    Days on Market:
    1027
    Last Refresh:
    May 12 at 10:26 pm

    Property Features for 3881 NE 163rd St

    General Information

    Standard status
    Active
    Property subtype
    Retail, Restaurant

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    Dror Gabay

    Listing agent Dror Gabay License #SL 3450965

    Listing office Dezer Development LLC

    Listing date Aug 9, 2023

    Source Crexi

    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 Dezer Development LLC

    HighLights

    • Prime Intracoastal Mall location featuring a diverse blend of restaurants and national retailers.
    • Anchored by Winn‑Dixie, TJ Maxx/Home Goods, and IPIC Theater.
    • Located in North Miami, a suburban city in northeast Miami‑Dade County.
    • Close proximity to Biscayne Bay and major universities (FIU and Johnson & Wales).
    • High population density, as the seventh largest city in Miami‑Dade County.
    • Easy access via NE 163rd Street, a six‑lane divided roadway.

    Overview

    Located in North Miami Beach, the Intracoastal Mall offers a mix of retail and restaurant spaces. The mall's tenants include Winn-Dixie, TJ Maxx/Home Goods, and IPIC Theater. North Miami, where the mall is located, is a suburban city in northeast Miami-Dade County, approximately 10 miles north of Miami. The city is situated on Biscayne Bay and is home to the Biscayne Bay Campus of Florida International University and the North Miami campus of Johnson & Wales University. As of 2020, the population of North Miami was 60,191, making it the seventh-largest city in Miami-Dade County. The mall is accessible via NE 163rd Street, a six-lane divided arterial roadway providing east-west access. Miami-Dade County has over 10 primary and secondary schools that serve North Miami, in addition to 6 private schools and FIU.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — Winn Dixie - South, 3805 NE 163rd Street, 3509 NE 163rd St, North Miami Beach, FL 33160, United Stat
    • RK Centers — 17100 Collins Ave, Sunny Isles Beach, FL 33160
    • ChargeItSpot — 3809 ne 163rd st, north miami beach, fl 33160
    • Intracoastal Mall — 3881 NE 163rd St, North Miami Beach, FL 33160
    • Maritime Management LLC — 3363 NE 163rd St #501, North Miami Beach, FL 33160

    Location Insight

    • Map
    • Local Demand
    City
    North Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1467
    Latitude
    25.9339

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    FAQs

    What type of property is this?
    Shopping center - Retail and restaurant spaces available in North Miami Beach.
    Where is this shopping center located?
    The property is located at 3881 NE 163rd St North Miami Beach, FL.
    What is the lease rate?
    The lease rate is $480 /Mo.
    What are key features of this property?
    This property features: Prime Intracoastal Mall location featuring a diverse blend of restaurants and national retailers.; Anchored by Winn‑Dixie, TJ Maxx/Home Goods, and IPIC Theater.; Located in North Miami, a suburban city in northeast Miami‑Dade County.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dror Gabay
    Real Estate License ID: SL 3450965
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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