Property profile

12355 13th Ave North Miami, FL 33161

OFF-MARKET
Manufacturing properties
Property ID
US18-5185844
28,290 SF 1.11 ac lot Built 1961
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2021-built North Miami property, located at 12355 NE 13 Ave, 33161, offers a unique blend of retail and industrial space, ideal for a thriving business. Currently configured as a fully operational brewery and taproom, this turnkey opportunity boasts high-end fixtures and furniture. The spacious layout includes comfortable interior seating for 46 and ample exterior seating for an additional 62 patrons. The property benefits from a highly desirable location, just steps from the new North Miami commuter rail station, providing convenient access for both employees and customers. With 8 dedicated parking spaces included in the lease, plus access to a shared parking lot and concrete pad, parking is readily available. The lease has 8 years remaining. The property is situated on the east-facing bay and exterior space of the building, west of the railroad tracks, and approximately 150 meters south of the new 123rd Street Station on the Northeast Corridor commuter rail line. This strategic location is further enhanced by the construction of over 400 residential units within a 1km radius, ensuring a strong and growing customer base. The asking price for this remarkable property is $250,000.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1961
Construction CONCRETE
Total area 28,290 SF
Lot 1.11 ac (48,306 SF)
Zoning code 7100:INDUSTRIAL,LIGHT MFG
APN 06-2229-042-0250
UPID US18-5185844

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
  • Carpet & Flooring Store Hardware & Home Improvement
  • (Bike/Boat/Book/etc) Store
  • Marine Engineer
  • General Contractor
  • Factory Chemical Plant

Location

12355 13th Ave North Miami, FL 33161-5972
North Miami metro Census 219 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.34M

Owner & transaction history

since 2016
4 recorded transactions
2016
$2.1M
2004
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

7100:INDUSTRIAL,LIGHT MFG · North Miami, FL

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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