500 167Th St Miami, FL 33162
- Office buildings
- 4,450 SF
- 0.14 lot acres
Current Use by Public Records
- MoneyGram / Bank / Credit Union
- Coin Cloud Bitcoin ATM / Atm / Currency Exchange Service
- K & J Tax Services / Tax Preparation
- ACE Cash Express / Loan Service
- Prime Tax Services / Tax Preparation
Property Details for 500 167Th St
- Year built
- 1946
- Construction
- CONCRETE
- Lot size
- 0.14 lot acres
- Property size
- 4,450 SF
- Zone code
- 6400:COMMERCIAL,CENTRAL
- Property type
- Office buildings
- APN
- 30-2218-005-0050
- APU
- 3022180050050
Description
This exceptional 1,600 square foot flex space, located at 500 NE 167th St #2a in Miami, FL 33162, offers a unique blend of functionality and prime visibility. Situated on the second level, this newly renovated unit boasts abundant natural light from windows throughout its five distinct areas. The flexible layout is adaptable to a variety of business needs (detailed floor plans available upon request). The property includes two bathrooms and two secured entrances, enhancing both security and convenience. An outdoor space provides an added amenity. Benefit from exceptional exposure to a high-traffic corridor (approximately 45,000 vehicles daily), with excellent signage opportunities. Ample parking (four spaces total for the building) and a state-of-the-art security system ensure peace of mind. The building itself is a two-story structure, part of a single-tenant industrial property (APN 30-22-18-005-0050, zoned 6400), and enjoys a prominent street-facing position. This is a rare opportunity to lease a meticulously renovated space in a high-demand location. The property's superior location and features make it an ideal choice for businesses seeking a modern, efficient, and highly visible workspace.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,920,000
- ML approach
- $1,945,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,270,000
- 6.5%
- $2,095,000
- 7%
- $1,945,000
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,465,000 Current use
- COMMERCIAL (GENERAL)
- $3,290,000 Change: +125% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,910,000 Change: +99% Conversion: Difficult
- RETAIL STORES
- $2,075,000 Change: +42% Conversion: Moderate
- MEDICAL BUILDING
- $1,955,000 Change: +34% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,325,000 Change: -10% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1901
- Latitude
- 25.9282
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
