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    Renovated Office Condo in North Miami Title is generated by Realmo AI

    12550 Biscayne Boulevard, North Miami, FL 33181

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    Claim this Listing
    For Sale
    $700,000

    COMMERCIAL - North Miami, FL

    Added:
    Dec 11, 2025
    Days on Market:
    154
    Last Refresh:
    May 14 at 5:06 pm

    Property Features for 12550 Biscayne Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    6201
    Parking features
    Guest, Covered
    Security features
    Security
    Standard status
    Active
    APN
    06-22-29-112-0640

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    12550 BISCAYNE CONDO UNIT 702 UNDIV 0.9593% INT IN COMMON ELEMENTS OFF REC 25977-1190 COC 26058-1990 11 2007 1
    Tax Annual Amount
    6125

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1972
    Flooring type
    Tile, Carpet
    Building materials
    Block

    We can help!

    Listing Contact
    Taylor Haslam

    Listing agent Taylor Haslam License #3643899

    Listing office Keller Williams Realty Profess 2419 E Commercial Blvd. Suite 101, Fort Lauderdale, FL

    Listing date Dec 11, 2025

    MLS# F10540491

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

    HighLights

    • Fully renovated office condo in a prime North Miami location.
    • All utilities are included.
    • Two parking spaces included with free guest parking.
    • 24/7 concierge and security team.
    • Roof replaced in 2024 and all special assessments paid.
    • Minutes to Aventura Mall and Bal Harbour Shops.

    Overview

    This is an exceptional opportunity to own a fully renovated office condo situated in a prime location within North Miami. The space is suitable for various professional uses, including accountants, insurance adjusters, consultants, medical spas, and medical practices. The layout features a modern reception area and four private rooms. The sale includes two parking spaces, with complimentary guest parking available for clients. All utilities are included. Each room benefits from city views and an abundance of natural light. The roof was replaced in 2024, and all special assessments have been fully paid. The property is centrally located, providing convenient access to Aventura Mall, Bal Harbour Shops, and a variety of dining options. Building amenities include a 24/7 concierge and a security team stationed at the front entrance. There is an option to purchase furniture from the seller for a turnkey setup. The property square footage reflects the interior unit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    North Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1512
    Latitude
    25.9061

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    FAQs

    What type of property is this?
    Office units - Fully renovated office condo in a prime North Miami location.
    Where is this office units located?
    The property is located at 12550 Biscayne Boulevard North Miami, FL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Fully renovated office condo in a prime North Miami location.; All utilities are included.; Two parking spaces included with free guest parking.
    (757) 409-1343
    We can help!
    Listing Contact
    Taylor Haslam
    Real Estate License ID: 3643899
    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.

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