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Property profile & analytics
FOR LEASE
Office buildings
101 NW 167 St North Miami Beach, FL 33169
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3536643
For Lease
1 / 32
$27 SF/Yr
101 NW 167 St, North Miami Beach, FL 33169
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1981
Construction
CONCRETE
Total area
17,419 SF
Lot
0.7 ac (30,567 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
07-2113-007-2330
UPID
US18-3536643
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.21M
Blend (final)
Blend
$5.12M
Owner & transaction history
Aids Healthcare Foundation · 3 yrs held
Aids Healthcare Foundation
since 2023
Last sale
$6.0M
4 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Official NMB Zoning Map
Top alternative use upside
Medical building
$7.7M
+76.6%
Warehouse, storage
$5.2M
+19.5%
Neighborhood: shopping center
$5.0M
+14.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Miami Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Miami Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,655,000
ML approach
$4,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,330,000
Current use
MEDICAL BUILDING
$7,650,000
Change: +77% · Conversion: Easy
WAREHOUSE, STORAGE
$5,180,000
Change: +20% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,950,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$5.12M
Range $4.61M – $5.63M · ±10% · vs last sale $6.00M (Jul 3 2023)
Last sale anchor
$6.00M
Jul 3 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$294 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$52,168
Tax year 2023
Assessed value
$2,461,119
Assessed 2023
Previous assessed
$2,455,834
+0.2% YoY
Effective rate
2.12%
On assessed value
Assessed land
$917,010
Assessed improvement
$1,544,109
Land market value
$917,010
Improvement market value
$1,544,109
Total market value
$2,461,119
Applied tax rate
700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1981
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
4
Total area
17,419 SF
Lot
0.7 ac (30,567 SF)
Zoning code
6400:COMMERCIAL,CENTRAL
APN
07-2113-007-2330
UPID
US18-3536643
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami Beach, FLZoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · North Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Official NMB Zoning Map
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$7.7M
WAREHOUSE, STORAGE
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.0M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
4
Lot
0.7 ac
Current owner
From public records · entity-resolved
Aids Healthcare Foundation
Individual
Mailing address
6255 W SUNSET BLVD FL, LOS ANGELES, CA 90028-7403
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2023
$6,000,000
Aids Healthcare Foundation
Oasis 168th INC
Warranty Deed
—
Jul 29, 2016
—
Ld Acquisition Company 10 LLC
—
Deed
related
$116,600,000 · Deutsche Bank Trust Co Americas
Jan 28, 2004
$1,750,000
Oasis 168th INC
Holtz,abel
Grant Deed
$1,100,000 · Tjn LLC
—
—
Oasis 168th INC
—
Deed Of Trust
related
$950,000 · Bankunited Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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