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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12122 131st Ave Miami, FL 33186-6445

    • Office buildings
    • 1,830 SF
    OFF-MARKET
    Last Sale
    Nov 07, 2023
    $950,000
    Value Estimations
    $735,000
    Show details
    Cap Rate Potential
    9.9%
    Office buildings
    Location Intelligence
    Property ID
    US18-3878394
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grandmaster Mel Steiner's Chi Tae Kwon Do / Martial Arts School / Physical Fitness Program
    • Evolution MMA Miami / Martial Arts School / Physical Fitness Program
    • Chi Tae Kwon Do / Martial Arts Supply Store

    Property Details for 12122 131st Ave

    Year built
    1990
    Property size
    1,830 SF
    Zone code
    7700:INDUSTRIAL,RESTRICT
    Property type
    Office buildings
    APN
    30-5914-061-0020
    APU
    3059140610020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $630,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,040,000
      6.5%
      $960,000
      7%
      $890,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $525,000
      Market price range: $416k - $905k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $615,000
      Current use
      AUTO REPAIR, GARAGE
      $1,195,000
      Change: +94% Conversion: Difficult
      RETAIL STORES
      $1,045,000
      Change: +70% Conversion: Moderate
      MEDICAL BUILDING
      $805,000
      Change: +31% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $520,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.4069
    Latitude
    25.6552
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,897
    $0.00
    $0.00
    $320,250
    -
    $0.00
    $0.00
    $320,250

    Comparable in this City

    • Value Estimation by Request
      950 SF

      13200 128th St Ste F3

      OFFICE BUILDING (MULTI-STORY) • 950 SF
      13200 128th St Ste F3, Miami, FL 33186-5831
      View Details
    • Value Estimation by Request
      684 SF

      12955 132nd St Ste, Unit 107

      OFFICE BUILDING (MULTI-STORY) • 684 SF
      12955 132nd St Ste, Miami, FL 33186-6224
      View Details
    • Value Estimation by Request
      1,409 SF

      12855 132nd St Ste, Unit 200

      OFFICE BUILDING (MULTI-STORY) • 1,409 SF
      12855 132nd St Ste, Miami, FL 33186-7221
      View Details
    • Value Estimation by Request
      943 SF

      8900 117th Ave Ste B205

      OFFICE BUILDING (MULTI-STORY) • 943 SF
      8900 117th Ave Ste B205, Miami, FL 33186-2184
      View Details
    • Value Estimation
      $6,395,000
      23,825 SF

      12601 125th Ave

      PROFESSIONAL BUILDING • 23,825 SF
      12601 125th Ave, Miami, FL 33186-5204
      View Details
    • Value Estimation by Request
      1,105 SF

      12900 128th St

      OFFICE BUILDING (MULTI-STORY) • 1,105 SF
      12900 128th St, Miami, FL 33186-6273
      View Details

    Similar Nearby for Sale

    • $3,700,000
      Pending

      Miami Office Building with Land

      Commercial office building with development parcel near Miami Executive Airport.
      13250 SW 135Th Ave, Miami, FL 33186
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    • $6,300,000
      42,000 SF

      Freestanding Office Building in Kendall

      25,642 SF office building with significant rental upside.
      12060 SW 129Th Ct, Miami, FL 33186
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    • $310,000

      Office/Warehouse Combination in Kendall Area

      Office and warehouse combination with A/C in great location.
      12174 SW 131St Ave, Miami, FL 33186
      View Details
    • $675,000

      Two-Story Office/Warehouse with Modern Amenities

      Two-story office/warehouse with modern amenities in the Kendall area.
      12319-12359 SW 132Nd Ct, Miami, FL 33186
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    • Contact for pricing

      Move-In Ready Furnished Office Space

      Furnished office space with natural light, utilities included, ready to use.
      12347 Sw 132Nd Ct, Miami, FL 33186
      View Details
    • $299,999

      Kendall Park Commercial Warehouse

      Tenant-occupied warehouse with office space and easy highway access.
      12163 SW 132Nd Ct, Miami, FL 33186
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    Similar Nearby for Lease

    • $24 SF/Yr
      138,464 SF

      Kendall Office Center Space Available

      Professional office spaces for lease in a three-building office park.
      9000 SW 137Th Ave, Miami, FL 33186
      View Details
    • Contact for pricing

      Miami Office Space for Lease

      Two-story office, Tamiami Executive Airport area
      13775 145Th Ct, Miami, FL 33186
      View Details
    • $5,300 /Mo

      Prime Kendall Office Space Available

      Two-story commercial property ideal for professional offices or corporate headquarters.
      13320 SW 128Th St, Miami, FL 33186
      View Details
    • $1,500 /Mo

      Office Warehouse First Floor Rental

      Office/warehouse space with private entrance and bathroom in Miami.
      13390 SW 131St St, Miami, FL 33186
      View Details
    • $9 SF/Yr
      900 SF

      Miami Office Suite for Lease

      900 sq ft Office, Kendall, FL
      12350 132Nd Ct, Miami, FL 33186
      View Details
    • $21 SF/Yr
      12,899 SF

      Miami Medical Office & Warehouse Space

      Prime Tamiami Airport location, 2,258 SF available
      14900 136Th St, Miami, FL 33186
      View Details
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    12122 131st Ave
    Miami, FL 33186-6445
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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.

    More about this property
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