1222 163Rd StNorth Miami Beach, FL 33162

Property Details for 1222 163Rd St

Year built

1957

Construction

CONCRETE

Lot size

0.19 AC

Property size (Sq ft)

12,191 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail properties

Property subtype

Outlet malls

APN

07-2217-017-0010

APU

722170170010

Description

This exceptional single-tenant office space, located at 1222 NE 163 Street in North Miami Beach, Florida (zip code 33162), offers 2nd floor convenience and high visibility from a main street location. The property is zoned 64/COMM, providing flexibility for a variety of uses, including meeting spaces, offices, or even a social club. The building features a convenient elevator for easy access. Ample parking is available both in front of and behind the building, ensuring convenient access for clients and employees. This prime location offers unparalleled convenience, situated directly across from the 163rd Street Mall, Walmart, and Home Depot, providing excellent exposure and accessibility. The lot size is not specified. The APN is 07-22-17-017-0010. This is a single-suite office building with one total building suite. This presents a unique opportunity for a business seeking a well-located, accessible, and highly visible office space in a thriving commercial area. The property's strategic placement ensures high foot traffic and easy access for clients and employees alike. This is a fantastic opportunity to establish a strong presence in a bustling North Miami Beach commercial hub.

• CAP approach

  CAP return

  Valuation

  6%

  $10,935,025

  6.5%

  $10,093,870

  7%

  $9,372,879

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,761,965

  Geo Method

  $11,761,965

• Alternative Use

  Use

  Valuation

  Residential

  $8,514,557

  Hospitality

  $7,799,288

  Educational

  $6,488,916

  Medical

  $6,712,080

  Retail

  $10,093,870

Location Insight

City

North Miami Beach

County

Miami-dade

State

Florida

Latitude

25.9252

Longitude

-80.1752

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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