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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Office buildings
3363 163rd St Ste 602 North Miami Beach, FL 33160-4423
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-1807939
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2006
Total area
1,063 SF
Zoning code
6400:COMMERCIAL,CENTRAL
APN
07-2215-026-0080
UPID
US18-1807939
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
$842k
Blend (final)
Blend
$1.10M
Owner & transaction history
Bbk Realty INC · 4 yrs held
Bbk Realty INC
since 2022
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Official NMB Zoning Map
Top alternative use upside
Commercial (general)
$785,000
+8.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Miami Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Miami Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,320,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$725,000
Current use
COMMERCIAL (GENERAL)
$785,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$695,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.42M (May 31 2022)
Last sale anchor
$1.42M
May 31 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,035 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,975
Tax year 2023
Assessed value
$419,885
Assessed 2023
Previous assessed
$419,885
+0.0% YoY
Effective rate
2.14%
On assessed value
Total market value
$419,885
Applied tax rate
700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2006
Heating
NONE
Total area
1,063 SF
Zoning code
6400:COMMERCIAL,CENTRAL
APN
07-2215-026-0080
UPID
US18-1807939
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami Beach, FLZoning 6400:COMMERCIAL,CENTRAL · permitted uses
6400:COMMERCIAL,CENTRAL · North Miami Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Official NMB Zoning Map
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$785,000
AUTO REPAIR, GARAGE
Est. value
$695,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Current owner
From public records · entity-resolved
Bbk Realty INC
Entity
Mailing address
416 N BEDFORD DR STE #210, BEVERLY HILLS, CA 90210-4317
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
$1,420,000
Bbk Realty INC
Ism Industrial Supply Management In
Warranty Deed
—
Apr 14, 2021
—
Ism Industrial Supply Management In
—
Deed
related
$767,000 · Benworth Capital Partners INC
Mar 12, 2020
—
Ism Indl Supply Mgmt INC
—
Deed
related
$500,000 · Chemtov Mtg
Mar 13, 2019
—
Ism Indl Supply Mgmt
—
Deed
related
$500,000 · Stacy Josloff
Aug 23, 2018
—
Ism Indl Supply Mgmt INC
—
Deed
related
$500,000 · Stacy Josloff
Apr 18, 2018
—
Ism Industrial Supply Mgmt INC
—
Deed
related
$500,000 · Stacy Josloff
Jul 28, 2017
—
Ism Industrial Supply Mgmt INC
—
Deed
related
$500,000 · Stacy Josloff
May 27, 2016
—
Ism Industrial Supply Mgmt INC
—
Deed
related
$500,000 · Stacy Josloff
Aug 14, 2009
$1,060,000
Ism Industrial Supply Mgmt INC
Office 163rd Ltd
Grant Deed
$235,000 · Office 13rd Ltd
—
—
Ism Industrial Supply Mgmt INC
—
Loan Modification
related
$500,000 · Stacy Josloff
—
—
Ism Industrial Supply Mgmt INC
—
Loan Modification
related
$500,000 · Stacy Josloff
—
—
Ism Indl Supply Mgmt
—
Loan Modification
related
$500,000 · Stacy Josloff
—
—
Ism Indl Supply Mgmt INC
—
Loan Modification
related
$500,000 · Chemtov Mtg
—
—
Ism Industrial Supply Mgmt INC
—
Loan Modification
related
$500,000 · Stacy Josloff
—
—
Ism Industrial Supply Mgmt INC
—
Loan Modification
related
$500,000 · Stacy Josloff
—
—
Ism Indl Supply Mgmt INC
—
Loan Modification
related
$500,000 · Stacy Josloff
—
—
Ism Industrial Supply Mgmt INC
—
Loan Modification
related
$500,000 · Stacy Josloff
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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