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Property profile & analytics
OFF-MARKET Estimated value $1,765,000
Office buildings

1595 163rd St North Miami Beach, FL 33162-4717

7,662 SF 0.12 ac lot Built 1987
Entity Owned 24-yr Hold ~ Est. High Equity
Property ID
US18-1529470
Property summary
AI-generated overview

Gotham, a Gator Investments property, presents a remarkable retail leasing opportunity in North Miami Beach, Florida, within Miami-Dade County. This two-story building offers approximately 8,000 square feet of mostly open retail space, ideal for a variety of businesses. The property enjoys a high-traffic location with frontage on NE 163rd Street, experiencing over 50,000 vehicles passing daily, ensuring significant visibility and potential customer reach. Its strategic position provides easy access to major thoroughfares, including the Palmetto Expressway, Dixie Highway, and Biscayne Boulevard, enhancing convenience for both customers and employees. The property is currently configured for multiple tenants, offering flexibility for businesses seeking various sizes of space. Established businesses such as Phoenix Auto and Tint World are already located nearby, creating a synergistic environment and attracting a diverse customer base. This exceptional retail space offers a unique chance to establish or expand a business in a vibrant and accessible location with high visibility and strong potential for success. The building's design allows for adaptable layouts to suit individual business needs. Serious inquiries are encouraged to explore this prime retail opportunity.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1987
Construction CONCRETE
Total area 7,662 SF
Lot 0.12 ac (5,366 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 07-2217-004-0010
UPID US18-1529470
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.08M
Blend (final) Blend
$1.77M
Owner & transaction history
Gotham Developers INC · 24 yrs held
Gotham Developers INC
since 2001
1 recorded transaction
2001
$900,000
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Official NMB Zoning Map
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