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Property profile & analytics
OFF-MARKET Estimated value $2,145,000
Banks

12255 16th Ave North Miami, FL 33161-6509

4,268 SF 0.43 ac lot Built 1975
Entity Owned Free & Clear
Property ID
US18-1960234
Property summary
AI-generated overview

This freestanding 3,099 square foot retail building in North Miami, Florida, presents a unique investment opportunity. Previously a bank, the property boasts a double-lane drive-thru and ATM, situated on a highly visible 0.43-acre corner lot. The C-2 zoning allows for a variety of uses. The building enjoys excellent access from NE 16th Avenue, offering significant visibility and convenience. This strategic location at the intersection of two major thoroughfares, Biscayne Boulevard and NE 123rd Street, benefits from a combined daily traffic count of 80,856 vehicles. The property is surrounded by a strong concentration of national retailers, including The Home Depot, Whole Foods, Publix, Ross, T.J. Maxx, LA Fitness, Pet Supermarket, Starbucks, Wendy's, and McDonald's, ensuring high foot traffic and brand recognition. The entire 3,099 square feet is currently vacant and ready for immediate occupancy. Located in Miami-Dade County, with a 33161 zip code, this property offers exceptional potential for a variety of businesses seeking a high-traffic, easily accessible location in a thriving retail environment.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1975
Construction CONCRETE
Total area 4,268 SF
Lot 0.43 ac (18,781 SF)
Zoning code 6201:COMMERCIAL
APN 06-2229-086-0010
UPID US18-1960234
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
$1.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.71M
Blend (final) Blend
$2.15M
Owner & transaction history
1590 Ne Holding LLC
1590 Ne Holding LLC
since 2026
Last sale
$2.5M
4 recorded transactions
2026
Price N/A
2025
$2.5M
2024
$1.5M
2010
$770,000
Zoning & alternative use
6201:COMMERCIAL · North Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Ordinances | North Miami, FL
Top alternative use upside
Commercial (general) $3.2M +12.3%
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