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Property profile & analytics
OFF-MARKET Estimated value $2,075,000
Outlet malls

1724 163rd St North Miami Beach, FL 33162-4733

6,406 SF 0.25 ac lot Built 1970
Entity Owned 12-yr Hold Free & Clear
Property ID
US18-4960166
Property summary
AI-generated overview

This exceptional Class A retail property, located at 1724 NE 163rd St in North Miami Beach, Florida, 33162, presents a unique investment opportunity. The single-story building, constructed in 1970, boasts a substantial 6,406 square feet of retail space, perfectly suited for a variety of uses. The property features ample parking with 14 spaces available for customers and employees. The zoning designation is 6400. The property's prime location on 163rd Street and 18th Avenue ensures high visibility and accessibility, making it an ideal location for businesses seeking strong foot traffic and convenient access for customers. The property is comprised of one building with a single suite, offering a cohesive and easily managed space. While elevators are not present, the single-story design ensures easy navigation for all. The APN is 07-22-17-005-0030. This is a rare opportunity to acquire a well-located, substantial retail space in a thriving North Miami Beach commercial corridor. The property's size and parking make it suitable for a wide range of retail businesses. Don't miss this chance to secure a prime location for your business or investment portfolio.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1970
Construction CONCRETE
Total area 6,406 SF
Lot 0.25 ac (11,000 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 07-2217-005-0030
UPID US18-4960166
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
by Request
Blend (final) Blend
$2.08M
Owner & transaction history
163 Group LLC · 12 yrs held
163 Group LLC
since 2014
2 recorded transactions
2014
$1.2M
2011
Price N/A
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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