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12201 129th Ct 1 Miami, FL 33186-6440

OFF-MARKET Manufacturing properties Google Maps
2,140 SF Built 1990
Entity Owned 4-yr Hold Free & Clear
Estimated value (blended)
$360k
Range $324k – $396k (±10%)
Property ID US18-9309921

Property summary

AI-generated overview

This exceptional commercial condo presents a fantastic investment opportunity in the desirable Kendall Wood area. Located at 12201 SW 129th Ct, this single-tenant office space boasts 1,100 square feet of well-maintained interior. The property's convenient location offers easy access to Tamiami Airport and 137th Avenue, ensuring excellent visibility and accessibility for businesses and employees. The zoning designation is 7700, providing flexibility for a range of commercial uses. The property features a single tenancy, offering a streamlined ownership experience and potential for long-term lease stability. The building itself is a condo, providing the benefits of ownership without the responsibilities of managing a larger multi-tenant property. The property's APN is 30-59-14-043-0010. This is an ideal opportunity for owner-occupiers seeking a functional and strategically located office space, or for investors looking for a stable, single-tenant income stream in a thriving commercial area. The property's size and location make it suitable for a variety of businesses, offering a compelling investment proposition in a high-growth market. This turnkey opportunity is ready for immediate occupancy or lease. Don't miss out on this chance to acquire a prime commercial property in a highly sought-after location.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1990
Total area 2,140 SF
Zoning code 7700:INDUSTRIAL,RESTRICT
APN 30-5914-043-0010
UPID US18-9309921

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
  • Dental Office
  • Importer
  • Restaurant
  • Gym & Fitness Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$561k
Blend (final) Blend
$360k

Owner & transaction history

since 2021
5 recorded transactions
2021
Price N/A
2016
$210,000
2011
$110,000
2010
$100
2003
$60,750

Zoning & alternative use

7700:INDUSTRIAL,RESTRICT · Miami, FL
Top alternative use upside
Office building $720,000 +24.3%
Neighborhood: shopping center $610,000 +5.0%

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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