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Property profile & analytics
OFF-MARKET
Estimated value
$3,600,000
Manufacturing properties
12415 13th Ave North Miami, FL 33161-5962
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0312756
Property summary
AI-generated overview
This exceptional industrial property, located at 12415 NE 13th Ave in North Miami, Florida (zip code 33161), offers a substantial warehouse space ideal for various business needs. The property is zoned 7100 and features a single building with multiple suites, totaling 12,792 square feet. Currently, one suite is available for lease. This particular suite boasts approximately 4,000 square feet of warehouse space, complemented by 109 square feet of office space, providing a practical blend of operational and administrative areas. The warehouse features a generous 16-foot ceiling height, offering ample vertical storage capacity. The electrical service for this bay is 200 amps, ensuring sufficient power for most industrial applications. The property's APN is 06-22-29-042-0223. Its prime location in North Miami offers easy access to major transportation routes, making it a strategic choice for businesses requiring efficient logistics and distribution capabilities. This is a fantastic opportunity to secure a well-appointed warehouse space in a thriving Florida market. Interested parties should inquire for further details and lease terms.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1956
Construction
CONCRETE
Total area
12,792 SF
Lot
0.35 ac (15,408 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
06-2229-042-0223
UPID
US18-0312756
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
$3.75M
CAP Approach
CAP
$2.65M
Comparable Approach
Comparable
$3.56M
Blend (final)
Blend
$3.60M
Owner & transaction history
12415 Ne 13th Ave LLC · 4 yrs held
12415 Ne 13th Ave LLC
since 2022
Last sale
$3.5M
6 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
+63.9%
Office building
$4.2M
+21.6%
Warehouse, storage
$3.8M
+11.0%
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
$3,705,000
ML approach
$3,745,000
CAP Approach
CAP Return
Estimation
6%
$2,865,000
6.5%
$2,645,000
7%
$2,455,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,430,000
Current use
MEDICAL BUILDING
$5,620,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$4,170,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,805,000
Change: +11% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,635,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$3.60M
Range $3.24M – $3.96M · ±10% · vs last sale $3.50M (Jul 8 2022)
Last sale anchor
$3.50M
Jul 8 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
$281 / 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
$63,652
Tax year 2023
Assessed value
$2,859,000
Assessed 2023
Previous assessed
$1,983,000
+44.2% YoY
Effective rate
2.23%
On assessed value
Assessed land
$770,400
Assessed improvement
$2,088,600
Land market value
$770,400
Improvement market value
$2,088,600
Total market value
$2,859,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1956
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
12,792 SF
Lot
0.35 ac (15,408 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
06-2229-042-0223
UPID
US18-0312756
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$5.6M
OFFICE BUILDING
Est. value
$4.2M
WAREHOUSE, STORAGE
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1956
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
12415 Ne 13th Ave LLC
Entity
Mailing address
17555 COLLINS AVE APT #3901, SUNNY ISLES BEACH, FL 33160-2751
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2022
$3,500,000
12415 Ne 13th Ave LLC
C & M Craftmans II INC
Warranty Deed
—
Oct 2, 2012
$670,000
C & M Craftmans II INC
Ziva Ents LLC
Warranty Deed
—
May 1, 2012
$1,100
Ziva Ents LLC
Aquafina Inv Ltd Co Coc
Trustees Deed
related
—
Apr 27, 2012
$1,100
Wells Fargo Bank NA
Aquafina Inv Ltd Co Coc
Trustees Deed
related
—
Jun 1, 2005
$1,232,700
Aquafina Investment Ltd Co
Craftsman Mall LP
Special Warranty Deed
$987,000 · Wachovia Bank NA
—
—
Ziva Ents LLC
—
Deed Of Trust
related
$400,000 · Ct Capital Ltd
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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