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    12085 W Dixie Hwy Biscayne Park, FL 33161

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    New
    For Sale
    $1,450,000

    Multi Family - Biscayne Park, FL

    Type:Single Family Attached
    Added:
    Apr 28, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 30 at 10:06 am

    Property Features for 12085 W Dixie Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Zoning
    0100
    Standard status
    Active
    APN
    17-22-30-031-1070

    Utilities

    Water front features
    Canal Front, Waterfront
    Water front
    1

    Building Details

    Year built
    1984
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    John Salt
    John Salt

    Listing agent John Salt License #3270043

    Listing office EXP Realty LLC 10752 Deerwood Park Blvd #100, Jacksonville, FL

    Listing date Apr 28, 2026

    MLS# A11989193 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Multifamily Property Near NoMi

    This spectacular waterfront multifamily property is located just steps from Downtown North Miami. The two-story building sits directly on the canal and features high ceilings, bright light, and flowing spaces. Large balconies overlook the water. The spacious units are in incredible condition throughout, having been fully remodeled in recent years and meticulously maintained inside and out. All windows and doors are impact-resistant. The property features updated plumbing and electric systems, as well as a kayak launch. There is tons of parking with freshly treated asphalt. Strong rental income is in place, with $14,650 monthly gross income and low expenses, with proven demand in the area. Units rent quickly in this location to excellent tenants. The property is in an A++ safe and walkable location, within walking distance to North Miami Downtown and Griffin Park. It has a central location, just 6 minutes to Whole Foods, 10 minutes to Wynwood, 12 minutes to Aventura Mall and Miami International Airport, and 14 minutes to Brickell and Surfside Beach.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Biscayne Park
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1832
    Latitude
    25.8935

    Nearby Similar for Sale

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      Biscayne Park Residential Land

      Residential land in Biscayne Park, sold for land value.
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    • $950,000
      1,939 SF

      Biscayne Park Duplex Investment

      Duplex in Biscayne Park with impact windows and outdoor space.
      1015 NE 112th St, Biscayne Park, FL 33161
      View Details
    • $3,100,000
      6,700 SF

      Biscayne Park Boutique Apartment Building

      12-unit apartment building in the heart of Biscayne Park.
      11520 Northeast 6th Avenue, Biscayne Park, FL 33161
      View Details

    FAQs

    What type of property is this?
    Duplex - Canal-front multifamily property with strong rental income and recent remodeling.
    Where is this duplex located?
    The property is located at 12085 W Dixie Hwy Biscayne Park, FL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    (786) 485-0888
    We can help!
    Listing Contact
    John Salt
    John Salt
    Real Estate License ID: 3270043
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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