Property profile

1432 163rd St North Miami Beach, FL 33162

OFF-MARKET
Retail residential properties
Property ID
US18-0429155
11,110 SF 0.28 ac lot Built 1948
Entity Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1948
Construction CONCRETE
Total area 11,110 SF
Lot 0.28 ac (12,071 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 07-2217-005-0290
UPID US18-0429155

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Health Counselor

Location

1432 163rd St North Miami Beach, FL 33162-4633
North Miami Beach metro Census 206 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$2.44M

Owner & transaction history

since 2004
6 recorded transactions
2020
Price N/A
2016
Price N/A
2004
$1.3M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

6400:COMMERCIAL,CENTRAL · North Miami Beach, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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