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Property profile

12030 129th Ct Miami, FL 33186

Office buildings
Property ID
US18-3200884
View Sample
25,642 SF 0.96 ac lot Built 2009
Entity Owned Absentee Owner Free & Clear
No photos on file
For Sale
Contact for pricing 25,642 SF
12030 129th Ct, Miami, FL 33186-4583
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2009
Construction CONCRETE
Total area 25,642 SF
Lot 0.96 ac (42,000 SF)
Zoning code 7700:INDUSTRIAL,RESTRICT
APN 30-5914-116-0010
UPID US18-3200884

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Accounting Firm Tax Preparation
  • Insurance Agency
  • Insurance Agency
  • Financial Advisor
  • Social Service Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.84M
Blend (final) Blend
$4.50M

Owner & transaction history

since 2025
Last sale
$4.5M
6 recorded transactions
2025
$4.5M
2009
Price N/A
2007
$2.2M
2006
$2.0M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

7700:INDUSTRIAL,RESTRICT · Miami, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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