Building Details

Building Size 1,668 SF

Year Built 1948

Buildings 1

Listing Agency: LPT Realty, LLC

Listed By: Dary Camacho · License #3472745 Show Phone

Source: Casacollectiongroup

Added: Oct 3 Changed: Oct 6 Last Checked: Oct 6 at 2:32AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LPT Realty, LLC

Investment Insights

Based on property information with market context.

This 1,668-square-foot duplex was built in 1948 and contains two separate units. The configuration allows each residence to function independently.

The property is at 12000 NE 10th Ave in Biscayne Park, Florida.

Key Highlights

• Two separate residential units
• 1,668 square feet
• Built in 1948

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,805

Cap Rate

3.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$556,100 $556.1K

Cap Rate 7%

$397,214 $397.2K

Cap Rate 9%

$308,944 $308.9K

Market Conditions

NOI Build-Up for 1,668 SF

Gross rent

$42.0K $25.20/SF

− Vacancy

−$2.3K −$1.39/SF

EGI

$39.7K $23.81/SF

− OpEx

−$11.9K −$7.14/SF

NOI

$27.8K $16.67/SF

Area

Miami-Dade County, FL

Vacancy

5.50%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$556,100

Cap Rate 7%

$397,214

Cap Rate 9%

$308,944

Alternative Uses

Best Use

Multifamily LT 5

$397.2K

$347.6K – $463.4K (±1% cap)

NOI $27,805 @ 7.0% cap · market cap 3.56%

Second Best

Apartment 5plus

$366.5K

$320.7K – $427.6K (±1% cap)

NOI $25,653 @ 7.0% cap · market cap 3.29%

Theoretical Best

Office A

$846.2K

$740.5K – $987.3K (±1% cap)

NOI $59,237 @ 7.0% cap · market cap 7.59%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Veterinary Clinic Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Clothing & Fashion Store Tanning Salon Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

2,239

Businesses Nearby

Explore this area Business Placement

Demographics for 33161, FL

53,015

Population

18,912

Households

2.8

Avg Household Size

37

Median Age

21%

College-Educated

81%

High-School Grad

5.5 sq mi

ZIP Area

9,639

Density / Sq Mi

$55,265

Median Household Income

$34,311

Median Earnings

$1,494

Median Rent

$376,500

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two independent residences offer flexibility for occupancy or rental use.

Where is this duplex located?

The property is located at 12000 NE 10th Ave Biscayne Park, FL.

What is the asking price?

The asking price for this property is $780,000.

What are key features of this property?

This property features: Two separate residential units; 1,668 square feet; Built in 1948