This exceptional single-tenant office space, located at 1222 NE 163 Street in North Miami Beach, Florida (zip code 33162), offers 2nd floor convenience and high visibility from a main street location. The property is zoned 64/COMM, providing flexibility for a variety of uses, including meeting spaces, offices, or even a social club. The building features a convenient elevator for easy access. Ample parking is available both in front of and behind the building, ensuring convenient access for clients and employees. This prime location offers unparalleled convenience, situated directly across from the 163rd Street Mall, Walmart, and Home Depot, providing excellent exposure and accessibility. The lot size is not specified. The APN is 07-22-17-017-0010. This is a single-suite office building with one total building suite. This presents a unique opportunity for a business seeking a well-located, accessible, and highly visible office space in a thriving commercial area. The property's strategic placement ensures high foot traffic and easy access for clients and employees alike. This is a fantastic opportunity to establish a strong presence in a bustling North Miami Beach commercial hub.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$10,935,025
6.5%
$10,093,870
7%
$9,372,879
Comparable approach
Method
Valuation
Relative Method
$11,761,965
Geo Method
$11,761,965
Alternative Use
Use
Valuation
Residential
$8,514,557
Hospitality
$7,799,288
Educational
$6,488,916
Medical
$6,712,080
Retail
$10,093,870
Location Insight
City
North Miami Beach
County
Miami-dade
State
Florida
Latitude
25.9252
Longitude
-80.1752
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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