1313 167th St Miami Gardens, FL 33169-5739
This exceptional Miami Gardens property offers a 134,246 square foot, single-story Class B office building situated on a substantial 12.76-acre lot. Built in 1993, the property boasts a prime location with exceptional visibility from the Palmetto Expressway near the Golden Glades Interchange, providing immediate access to I-95, the Florida Turnpike, and the Palmetto Expressway. Its strategic location offers easy access to major South Florida roadways and is within 10 minutes of Downtown Miami and Aventura. The property is also conveniently located near Fort Lauderdale-Hollywood International Airport and Miami International Airport (less than 20 miles). The site benefits from aggressive mixed-use zoning (BU-2, Miami, 6500), presenting significant development potential. Surrounding the property are numerous retailers, including Ashley Furniture, City Furniture, Rooms To Go, and a Mercedes-Benz dealership, further enhancing its appeal. The property's large land footprint and high-quality existing building make it an attractive investment opportunity. The asking price is $25 million, with a land value of $25 per square foot. The occupancy date is March 20, 2023. This is a rare opportunity to acquire a substantial property with significant upside potential in a rapidly growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6500:COMMERCIAL,CLASSIF · Miami Gardens, FLCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.