Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12250 13th Ct North Miami, FL 33161-6518

    • Manufacturing properties
    • 5,512 SF
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Apr 05, 2022
    $4,100,000
    Value Estimations
    $4,200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3893040
    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

    • Stage Equipment & Lighting / Stage Lighting Equipment Supplier / Lighting Store

    Property Details for 12250 13th Ct

    Year built
    1938
    Construction
    CONCRETE
    Lot size
    0.15 lot acres
    Property size
    5,512 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Manufacturing properties
    APN
    06-2229-012-0030
    APU
    622290120030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,340,000
      ML approach
      $4,265,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,090,000
      COMMERCIAL (GENERAL)
      $4,075,000
      AUTO REPAIR, GARAGE
      $3,605,000

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

    Location Insight

    • Map
    • Local Demand
    City
    North Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1713
    Latitude
    25.8886
    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
    $27,429
    $317,900
    $914,100
    $1,232,000
    -
    $317,900
    $914,100
    $1,232,000

    Comparable in this City

    • Value Estimation
      $1,265,000
      8,208 SF

      12425 13th Ave

      MANUFACTURING (LIGHT) • 8,208 SF
      12425 13th Ave, North Miami, FL 33161-5990
      View Details
    • Value Estimation
      $535,000
      3,200 SF

      1470 130th St

      MANUFACTURING (LIGHT) • 3,200 SF
      1470 130th St, North Miami, FL 33161-4411
      View Details
    • Value Estimation
      $2,175,000
      15,400 SF

      1407 129th St

      MANUFACTURING (LIGHT) • 15,400 SF
      1407 129th St, Miami, FL 33161
      View Details
    • Value Estimation
      $1,305,000
      6,375 SF

      1501 130th St

      MANUFACTURING (LIGHT) • 6,375 SF
      1501 130th St, North Miami, FL 33161-4481
      View Details
    • Value Estimation
      $625,000
      3,625 SF

      1580 131st St

      MANUFACTURING (LIGHT) • 3,625 SF
      1580 131st St, North Miami, FL 33161-4426
      View Details
    • Value Estimation
      $950,000
      6,180 SF

      680 127th St

      FOOD PROCESSING • 6,180 SF
      680 127th St, North Miami, FL 33161-4879
      View Details

    Similar Nearby for Sale

    • $3,295,000
      2,000 SF

      North Miami Warehouse - $3.295M

      Established Automotive Business, High Potential
      1430 131St Rd, North Miami, FL 33161
      View Details
    • $1,000,000

      Miami Warehouse - $1M Asking Price

      Prime Miami location, expansive warehouse, high visibility.
      11999 Dixie Hwy, Miami, FL 33161
      View Details
    • $5,000,000

      Self-Storage Facility and Land

      Two-story building with land in high-traffic North Miami location.
      14444 W Dixie Hwy, Miami, FL 33161
      View Details
    • $1,300,000

      North Miami Warehouse - $1.3M

      Prime North Miami warehouse, ideal for redevelopment.
      1420 131St Rd, North Miami, FL 33161
      View Details
    • $1,000,000

      Miami Warehouse - $1M Asking Price

      Prime Miami-Dade industrial warehouse, high visibility.
      11999 Dixie Hwy, Miami, FL 33161
      View Details
    • $750,000

      Bay Ridge Duplex: Miami Investment

      High-Income Potential, Newly Renovated Duplex
      1250 109Th St, Miami, FL 33161
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      2,160 SF

      North Miami Office Warehouse Gem

      Modern, renovated office space; prime location.
      12575 7 Ave, North Miami, FL 33161
      View Details
    • $4 SF/Yr
      5,400 SF

      Prime Flex Space, NE 125th St

      Newly renovated, 5400 sq ft office space.
      777 125Th Ter, North Miami, FL 33161
      View Details
    • $16 SF/Yr
      2,300 SF

      North Miami Warehouse For Sale

      2300 sq ft Industrial Space, High Ceilings
      12875 14 Ave, North Miami, FL 33161
      View Details
    • $27 SF/Yr
      22,100 SF

      North Miami Flex Warehouse Space

      Prime North Miami industrial space, flexible layouts.
      12210 13 Ct, North Miami, FL 33161
      View Details
    • $7 SF/Yr
      8,341 SF

      Prime Bakery Space - 810 NE 125th St

      Turn-key bakery; immediate occupancy. 8,341 sq ft.
      810 125Th Ter, North Miami, FL 33161
      View Details
    • $0.01 SF/Yr
      23,348 SF

      Biscayne Blvd Office Building

      Prime Biscayne Blvd Office Space, 23,348 SF
      11077 Biscayne Blvd, Miami, FL 33161
      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.
    12250 13th Ct
    North Miami, FL 33161-6518
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.