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Property profile & analytics
FOR LEASE
Office buildings

699 NE 167 St North Miami Beach, FL 33162

105,932 SF 2.9 ac lot Built 1965
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US19-0824968
Property summary
AI-generated overview

This exceptional 1,243 square foot office space is ideally situated in the Miami Square Building on NE 167th Street (North Miami Beach Boulevard), near the intersection of NE 6th Avenue and I-95. The property boasts a highly visible storefront location within a bustling commercial area, ensuring significant foot and vehicle traffic. Its strategic placement offers easy accessibility and high visibility, further enhanced by its proximity to popular shopping centers and the beautiful beaches of North Miami Beach. The single-tenant office building is a one-story structure (APN: 07-22-07-013-0010, Zoning: 6400) and features a spacious layout perfectly suited for various office uses. Modern infrastructure and ample parking are included, adding to the convenience and appeal of this property. The vibrant community and thriving commercial area surrounding the building present a dynamic and promising environment for any business. This is a rare opportunity to secure a prime office space in a highly desirable North Miami Beach location. The property is zoned for office use and offers a single-tenant occupancy.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1965
Construction CONCRETE
Total area 105,932 SF
Lot 2.9 ac (126,382 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 07-2207-013-0010
UPID US19-0824968
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
$12.91M
Blend (final) Blend
$17.64M
Owner & transaction history
633 Ne 167 LLC · 4 yrs held
633 Ne 167 LLC
since 2022
Last sale
$19.8M
7 recorded transactions
2023
Price N/A
2022
$19.8M
2016
$9.5M
2010
Price N/A
2009
$222,000
2007
$18.0M
2005
$8.6M
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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