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    1432 163rd St North Miami Beach, FL 33162-4633
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    Property profile & analytics

    1432 163rd St North Miami Beach, FL 33162-4633

    View on Map
    • Retail residential properties
    • 11,110 SF
    • 0.28 lot acres
    Off-Market
    Property ID
    US18-0429155
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,440,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail residential properties

    Property Details for 1432 163rd St

    Year built
    1948
    Construction
    CONCRETE
    Lot size
    0.28 lot acres
    Property size
    11,110 SF
    Zone code
    6400:COMMERCIAL,CENTRAL
    Property type
    Retail residential properties
    APN
    07-2217-005-0290
    APU
    722170050290

    Description

    This exceptional mixed-use property in North Miami Beach, Florida, presents a compelling investment opportunity. Located at 1432 NE 163rd St, this fee-simple offering boasts a prime location in Miami-Dade County, zip code 33162, with easy access to I-95 and other major expressways. The two-story, Class B building sits on a 12,071 square foot lot and comprises 7 ground-floor commercial units and 8 residential units on the upper level. Currently operating at 100% occupancy, this income-producing asset offers immediate cash flow. Its strategic location near Aventura, Miami Gardens, the Miami Design District, and Miami Beach provides excellent visibility and accessibility, attracting a diverse clientele. The property's versatile layout and high occupancy rate present significant potential for future rental increases and long-term appreciation. This is a rare chance to acquire a well-established, high-performing mixed-use building in a thriving Florida market. The asking price is $3,600,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Miami Beach
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1712
    Latitude
    25.9253
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $32,713
    $1,327,810
    $739,190
    $2,067,000
    -
    $1,327,810
    $739,190
    $2,067,000

    Comparable in this City

    • Value Estimation
      $750,000
      2,346 SF

      17001 20th Ave

      STORES & APARTMENTS • 2,346 SF
      17001 20th Ave, North Miami Beach, FL 33162-3245
      View Details
    • Value Estimation
      $2,035,000
      6,600 SF

      510 167th St

      STORES & APARTMENTS • 6,600 SF
      510 167th St, Miami, FL 33162-3910
      View Details
    • Value Estimation
      $1,070,000
      6,798 SF

      751 168th St

      STORES & APARTMENTS • 6,798 SF
      751 168th St, North Miami Beach, FL 33162-2427
      View Details
    • Value Estimation by Request
      2,300 SF

      43 167th St

      STORES & APARTMENTS • 2,300 SF
      43 167th St, North Miami Beach, FL 33162-3402
      View Details
    • Value Estimation
      $2,750,000
      11,151 SF

      1549 164th St

      STORES & APARTMENTS • 11,151 SF
      1549 164th St, North Miami Beach, FL 33162-4001
      View Details
    • Value Estimation
      $580,000
      2,610 SF

      65 168th St

      STORES & APARTMENTS • 2,610 SF
      65 168th St, North Miami Beach, FL 33162-3409
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      440,000 SF

      North Miami Beach Land Opportunity

      Land for sale in North Miami Beach CRA.
      NE 163 St, North Miami Beach, FL 33162
      View Details
    • Contact for pricing
      3,312 SF

      Freestanding Building in High-Traffic Corridor

      Small-Bay Office/Retail investment with significant upside in North Miami.
      16600 NE 3Rd Ave, Miami, FL 33162
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    • Contact for pricing
      3,576 SF

      Krispy Kreme Investment Opportunity

      Single-tenant NNN investment with long-term income and growth potential.
      530 NE 167Th St, Miami, FL 33162
      View Details

    Similar Nearby for Lease

    • $5,100 /Mo
      19,785 SF

      Mixed-Use Space in North Miami Beach

      Versatile space suitable for retail, office, or medical use.
      1801 NE 164 St, North Miami Beach, FL 33162
      View Details
    • Contact for pricing

      North Miami Beach Mixed-Use Opportunity

      Premier property with high visibility in a dynamic transit corridor.
      1641 NE 163 St, North Miami Beach, FL 33162
      View Details
    • $7,500 /Mo

      Retail or Restaurant Space Available

      3000 sq ft retail/restaurant space with high street visibility.
      1232 NE 163 St, North Miami Beach, FL 33162
      View Details
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    North Miami Beach, FL 33162-4633
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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.

    More about this property
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