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Property profile & analytics
OFF-MARKET Estimated value $3,015,000
Community centers

705 167th St North Miami Beach, FL 33162-2404

45,337 SF 2.82 ac lot Built 1956
Entity Owned 20-yr Hold ~ Est. High Equity
Property ID
US18-0090201
Property summary
AI-generated overview

This exceptional single-tenant office space, located within the vibrant 167th Street Plaza in Miami-Dade County, offers a prime opportunity for businesses seeking high visibility and accessibility. The Class A, one-story building boasts 650 to 12,000 square feet of flexible space, perfect for a variety of office configurations. Situated on 167th Street (also known as the 826 Expressway), this location benefits from excellent street visibility and exceptionally high traffic volume, both day and night, driven by the presence of a major Aldi grocery store. The strategic location provides easy access to major thoroughfares, connecting Collins Avenue (the beach) to the Golden Glades Interchange, where I-95, the Florida Turnpike, 441, and 826 converge. The plaza features a diverse tenant mix, including Rent-a-Center, Carvel Ice Cream, Advance America, Tea Plus, Jerusalem's Pizza, Access Medical Group, and more, creating a bustling and attractive environment. Ample on-site parking is a rare and valuable asset in this location. The plaza is also shadow anchored by a Walgreens, further enhancing its appeal and drawing significant foot traffic. This is an unparalleled opportunity to establish a thriving business in a high-demand, well-established commercial center. No elevators are present in this single-story building.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1956
Construction CONCRETE
Total area 45,337 SF
Lot 2.82 ac (122,839 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 07-2207-014-0010
UPID US18-0090201
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
$3.02M
Owner & transaction history
Yarkon Holding Realty LLC · 20 yrs held
Yarkon Holding Realty LLC
since 2005
5 recorded transactions
2005
$7.0M
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
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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