12030 129th Ct Miami, FL 33186-4583
- Office buildings
- 25,642 SF
- 0.96 lot acres
Current Use by Public Records
- Florida Legal Accounting / Accounting Firm / Tax Preparation
- Segurosmax / Insurance Agency
- Quoteasy Insurance / Insurance Agency
- Xtra-Credit, LLC / Financial Advisor
- UCDM Services, Inc. / Social Service Agency
Property Details for 12030 129th Ct
- Year built
- 2009
- Construction
- CONCRETE
- Lot size
- 0.96 lot acres
- Property size
- 25,642 SF
- Zone code
- 7700:INDUSTRIAL,RESTRICT
- Property type
- Office buildings
- APN
- 30-5914-116-0010
- APU
- 3059141160010
Description
This exceptional 25,642-square-foot freestanding office building, constructed in 2009, presents a compelling investment opportunity in Miami's thriving Kendall market. Located at 12030 SW 129th Ct, Miami, FL 33186, this property sits on a sizable 42,000-square-foot lot, offering ample parking for tenants and visitors. The building currently houses 19 units, all leased on month-to-month agreements, providing flexibility for future occupancy strategies. This allows for easy re-tenanting or vacating to suit the new owner's needs. Currently generating an annual income of $185,000, a pro-forma analysis projects a significantly increased net operating income (NOI) of $611,000 per year, representing a nearly 10% capitalization rate at the asking price of $6,300,000. The property benefits from its location in a clean, economically vibrant area of Kendall, experiencing a surge in popularity due to the migration of families to suburban areas. This trend fuels strong and growing tenancy, promising continued positive performance. The building's modern design and convenient location make it an attractive option for both owner-users and investors seeking a high-return property in a rapidly developing market. This is a rare opportunity to acquire a well-positioned asset with substantial upside potential.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,835,000
Market price range: $5.84M - $12.7M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $8,625,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $7,290,000 Change: -16% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $6,940,000 Change: -20% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.4051
- Latitude
- 25.656
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
