Turn-Key Open Space Office
12550 Biscayne Blvd North Miami, FL 33181
For Sale
$515,000
SINGLE_FAMILY - North Miami, FL
Property Size1,032 SF
Lot Size0.02 Acres
Price / SF$499.03
Days on Market52
Property Features for 12550 Biscayne Blvd
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Covered, Valet, Assigned
- Security features
- Security Lighting
- Standard status
- Active
- APN
- 06-22-29-112-0840
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Description
- 12550 BISCAYNE CONDO UNIT 902 UNDIV 1.2775% INT IN COMMON ELEMENTS OFF REC 25977-1190
- Tax Annual Amount
- 7576
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1972
- Flooring type
- Tile
Listing Agency:
Miami New Realty
(305) 485-3100
Listed By:
Ana Paula Lemes Alves · License #3262557
(305) 987-2007
Added: Jun 6
Changed: Jul 24
Last Checked: Jul 27 at 12:06AM
MLS# A11985589
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.
Investment Insights
Based on property information with market context.
This brand-new remodeled, turn-key office suite offers an open-space layout designed for immediate move-in use. The suite includes six new workstations and a dedicated meeting room, along with newly provided office furnishings such as a TV, sofas, table, eight chairs, and a kitchen area. It is described as facing north with views of the city skyline. Bathrooms are available on every floor.
The property is located at 12550 Biscayne Blvd in North Miami, within a professional office building. The listing also notes complimentary valet parking for visitors and a covered reserved parking space included with additional unassigned spaces available on a first-come, first-served basis.
For tenants or buyers looking to minimize up-front renovation and permitting work, the suite is presented as turnkey and move-in ready, supported by building maintenance that includes all utilities. The stated maintenance package is $895.00 per month and includes janitorial service five times per week, FPL, water, valet, and security. With dedicated office work areas plus a meeting room and furnished common office amenities, this configuration is well suited for professional teams that want a ready-to-operate environment.
The property is located at 12550 Biscayne Blvd in North Miami, within a professional office building. The listing also notes complimentary valet parking for visitors and a covered reserved parking space included with additional unassigned spaces available on a first-come, first-served basis.
For tenants or buyers looking to minimize up-front renovation and permitting work, the suite is presented as turnkey and move-in ready, supported by building maintenance that includes all utilities. The stated maintenance package is $895.00 per month and includes janitorial service five times per week, FPL, water, valet, and security. With dedicated office work areas plus a meeting room and furnished common office amenities, this configuration is well suited for professional teams that want a ready-to-operate environment.
Key Highlights
- 1,032 SF open space office with 6 new workstations, meeting room, TV, sofas, table, 8 chairs, and new kitchen
- Located in a professional office building with north‑facing views of the city skyline
- Covered reserved parking included plus 3 additional spots available first come, first served
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.1k | $45.60 |
| − Vacancy | −$10.6k | −$10.26 |
| EGI | $36.5k | $35.34 |
| − OpEx | −$9.1k | −$8.84 |
| NOI | $27.4k | $26.51 |
1,032 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$390.8K
$341.9K – $455.9K
NOI $27,353 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$523.6K
$458.1K – $610.8K
NOI $36,650 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
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
FAQs
What type of property is this?
Office units - Brand-new remodeled office suite with turnkey furnishings and building-maintenance support for utilities, cleaning, valet, and security.
Where is this office units located?
The property is located at 12550 Biscayne Blvd North Miami, FL.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 1,032 SF open space office with 6 new workstations, meeting room, TV, sofas, table, 8 chairs, and new kitchen; Located in a professional office building with north‑facing views of the city skyline; Covered reserved parking included plus 3 additional spots available first come, first served
