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Property profile & analytics
OFF-MARKET
Estimated value
$4,360,000
Warehouses
12210 13th Ct North Miami, FL 33161-6518
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3316239
Property summary
AI-generated overview
This exceptional industrial property, located at 12210 NE 13th Ct in North Miami, Florida, offers 22,100 square feet of versatile space ideal for a variety of uses. Currently zoned 7100, this single-building property (APN 06-22-29-012-0040) in Miami-Dade County is perfect for businesses seeking flexible layouts. The property features multiple tenancies, with a minimum divisible space of 2,200 square feet and a maximum contiguous space of 22,100 square feet. Units boast high ceilings, convenient street-facing loading doors, and ample heavy power, making them suitable for a range of businesses, including creative offices, showrooms, retail operations, and flex-use enterprises. The property also provides secure parking for tenants and their clients. Its location in North Miami (zip code 33161) offers easy accessibility and a strategic position within the Miami-Dade County market. This is a rare opportunity to secure a well-located, adaptable industrial space in a thriving area. The property is ready for immediate occupancy. Contact us today to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Construction
CONCRETE
Total area
12,698 SF
Lot
0.57 ac (25,046 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
06-2229-012-0040
UPID
US18-3316239
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.94M
CAP Approach
CAP
$3.19M
Comparable Approach
Comparable
$4.76M
Blend (final)
Blend
$4.36M
Owner & transaction history
Nomi Rail Properties LLC · 4 yrs held
Nomi Rail Properties LLC
since 2022
Last sale
$4.1M
3 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · North Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.6M
+47.7%
Office building
$4.1M
+9.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Miami submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,080,000
ML approach
$4,935,000
CAP Approach
CAP Return
Estimation
6%
$3,450,000
6.5%
$3,185,000
7%
$2,960,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,775,000
Current use
MEDICAL BUILDING
$5,575,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$4,140,000
Change: +10% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,610,000
Change: -4% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,405,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$4.36M
Range $3.92M – $4.80M · ±10% · vs last sale $4.10M (Apr 5 2022)
Last sale anchor
$4.10M
Apr 5 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$343 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$63,185
Tax year 2023
Assessed value
$2,838,000
Assessed 2023
Previous assessed
$1,969,000
+44.1% YoY
Effective rate
2.23%
On assessed value
Assessed land
$1,252,300
Assessed improvement
$1,585,700
Land market value
$1,252,300
Improvement market value
$1,585,700
Total market value
$2,838,000
Applied tax rate
600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1966
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
12,698 SF
Lot
0.57 ac (25,046 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
06-2229-012-0040
UPID
US18-3316239
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · North Miami, FL
Zoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · North Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Miami. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$5.6M
OFFICE BUILDING
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Nomi Rail Properties LLC
Entity
Mailing address
PO BOX 531, MIAMI, FL 33153
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2022
$4,100,000
Nomi Rail Properties LLC
Phantom 4 LLC
Warranty Deed
$4,545,000 · Phantom 4 LLC
Mar 13, 2020
—
Phantom 4 LLC
Pro Sound INC
Warranty Deed
—
Sep 11, 2018
$2,100,000
Pro Sound INC
Stage Equipment & Lighting INC
Warranty Deed
$1,785,000 · Branch Banking And Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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