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Property profile & analytics
OFF-MARKET
Estimated value
$12,390,000
Office buildings
12350 Biscayne Blvd, North Miami, FL 33181-2744
Entity Owned
Free & Clear
Property ID
US18-1681096
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1986
Construction
CONCRETE
Total area
11,734 SF
Lot
2.25 ac (98,142 SF)
Zoning code
6201:COMMERCIAL
APN
06-2229-007-0810
UPID
US18-1681096
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
$10.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.04M
Blend (final)
Blend
$12.39M
Owner & transaction history
Biscayne Property Owner 123rd LLC
Biscayne Property Owner 123rd LLC
since 2026
Last sale
$12.3M
4 recorded transactions
Zoning & alternative use
6201:COMMERCIAL · North Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$14,120,000
ML approach
$10,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,230,000
Current use
RESTAURANT
$8,700,000
Change: -6% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,675,000
Change: -6% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,670,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$12.39M
Range $11.15M – $13.63M · ±10% · vs last sale $12.25M (Jul 27 2021)
Last sale anchor
$12.25M
Jul 27 2021
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
$1,056 / 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
$223,290
Tax year 2023
Assessed value
$13,148,274
Assessed 2023
Previous assessed
$13,148,274
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$9,814,200
Assessed improvement
$3,334,074
Land market value
$9,814,200
Improvement market value
$3,334,074
Total market value
$13,148,274
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Bathrooms
104
Total area
11,734 SF
Lot
2.25 ac (98,142 SF)
Zoning code
6201:COMMERCIAL
APN
06-2229-007-0810
UPID
US18-1681096
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6201:COMMERCIAL · North Miami, FL
Zoning 6201:COMMERCIAL · permitted uses
6201:COMMERCIAL · 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
OFFICE BUILDING Current
Est. value
$9.2M
RESTAURANT
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$7.7M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1986
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
104
Lot
2.25 ac
Current owner
From public records · entity-resolved
Biscayne Property Owner 123rd LLC
Entity
Free & Clear · 0 yrs held
Mailing address
696 NE 125TH ST, NORTH MIAMI, FL 33161-5546
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2026
—
Biscayne Property Owner 123rd LLC
Biscayne Apts Development LLC
Special Warranty Deed
—
Aug 12, 2021
—
Biscayne 13 LLC
—
Deed
related
$8,500,000 · Israel Discount Bank Of New York
Jul 27, 2021
$12,251,200
Biscayne Apts Development LLC
Johnson & Wales University
Special Warranty Deed
$6,560,000 · Israel Discount Bank Of New York
Jun 28, 2001
$2,950,000
Johnson & Wales University
Beal Bank Ssb
Grant Deed
—
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.
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