Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12150 Biscayne Blvd North Miami, FL 33181-2712
    Back to Search
    Property profile & analytics

    12150 Biscayne Blvd, North Miami, FL 33181-2712

    View on Map
    • Grocery and convenience stores
    • 42,785 SF
    • 2.97 lot acres
    Off-Market
    Property ID
    US18-4074490
    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.
    Value Estimations
    $9,335,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 12150 Biscayne Blvd

    Year built
    2013
    Construction
    CONCRETE
    Lot size
    2.97 lot acres
    Zone code
    6201:COMMERCIAL
    Property type
    Grocery and convenience stores
    APN
    06-2229-056-0010
    APU
    622290560010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 9, 2013 $19,800,000 12150 Biscayne Blvd LLC Biscayne Partners LLC Grant Deed —
    Jul 29, 2011 $7,100,000 Biscayne Partners LLC Westway INC Warranty Deed $7.1M · Us Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,738,000
      Market price range: $6.93M - $18.7M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $13,865,000
      Current use
      WAREHOUSE, STORAGE
      $12,720,000
      Change: -8% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $12,160,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    North Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1653
    Latitude
    25.888
    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
    $262,113
    $9,690,975
    $2,082,025
    $11,773,000
    -
    $9,690,975
    $2,082,025
    $11,773,000

    Comparable in this City

    • Value Estimation by Request
      270 SF

      13499 Biscayne Blvd, Unit CUM6

      RETAIL STORES (PERSONAL SERVICES)
      13499 Biscayne Blvd, North Miami, FL 33181-2043
      View Details
    • Value Estimation by Request
      459 SF

      1697 123rd St

      RETAIL STORES (PERSONAL SERVICES)
      1697 123rd St, North Miami, FL 33181
      View Details
    • Value Estimation by Request
      462 SF

      1691 123rd St

      RETAIL STORES (PERSONAL SERVICES)
      1691 123rd St, North Miami, FL 33181-2702
      View Details
    • Value Estimation by Request
      220 SF

      13499 Biscayne Blvd, Unit CU217

      RETAIL STORES (PERSONAL SERVICES)
      13499 Biscayne Blvd, North Miami, FL 33181-2043
      View Details
    • Value Estimation by Request
      300 SF

      13499 Biscayne Blvd, Unit CU215

      RETAIL STORES (PERSONAL SERVICES)
      13499 Biscayne Blvd, North Miami, FL 33181-2043
      View Details
    • Value Estimation
      $1,095,000
      2,964 SF

      2100 123rd St

      RETAIL STORES (PERSONAL SERVICES)
      2100 123rd St, North Miami, FL 33181-2902
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,164 SF

      North Miami Farm Store Investment

      Farm store in North Miami with lease until 2030.
      1920 NE 123Rd St, North Miami, FL 33181
      View Details
    • $150,000

      Established Lighting Store Business Opportunity

      Profitable lighting and electrical store with loyal customer base.
      2178 NE 123Rd St, North Miami, FL 33181
      View Details
    • Contact for pricing
      64,000 SF

      North Miami Retail Opportunity

      64,000 SF retail property in North Miami available for sale.
      13130-13300 Biscayne Blvd, North Miami, FL 33181
      View Details
    • $599,000
      1,850 SF

      Turnkey Restaurant Opportunity, North Miami

      Established restaurant with fully equipped kitchen in prime North Miami.
      Biscayne Blvd, North Miami, FL 33181
      View Details
    • $150,000
      2,000 SF

      Turnkey Restaurant Business Opportunity

      Established restaurant for sale in North Miami, ready for operation.
      Restaurant For Sale Prime Business Opportunity Next To Bayshore Park, North Miami, FL 33181
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      615 SF

      Retail Space on NE 123rd

      Retail space available on a major East-West thoroughfare.
      2160-2208 NE 123Rd St, North Miami, FL 33181
      View Details
    • Contact for pricing

      Prime Retail Space, NE 148th St

      930 sqft Retail, High Visibility, Ample Parking
      1620 148 Dr, Miami, FL 33181
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for rent in a strip center.
      1620 NE 148 Dr, North Miami, FL 33181
      View Details
    • Contact for pricing

      Prime Retail Land Lease Opportunity

      3.5-acre ground lease in a high-traffic Miami location.
      11707-11755 Biscayne Blvd, Miami, FL 33181
      View Details
    • $12 SF/Yr

      Remodeled Unit Near Biscayne Blvd

      Remodeled 2-bedroom unit with backyard and included appliances.
      1762 NE 145Th St, Miami, FL 33181
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12150 Biscayne Blvd
    North Miami, FL 33181-2712
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12150 Biscayne Blvd, North Miami, FL, 33181
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!