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Property profile

12495 NE 2Nd Ave North Miami, FL 33161

FOR SALE
Specialty properties
Property ID
US18-3114736
10,885 SF Built 1955
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Property summary

AI-generated overview

This exceptional 10,885-square-foot property, located at 12495 NE 2nd Ave in North Miami, Florida, presents a unique investment opportunity. Situated on approximately 1.28 acres of land, this 1955-built structure currently functions as a church but offers significant potential for repurposing. The building is largely in shell condition and requires substantial build-out and updating. The zoning allows for alternative uses, including a school, making it an attractive option for educational institutions seeking a new location. Alternatively, the expansive lot size presents a viable opportunity for redevelopment into single-family homes, capitalizing on the desirable North Miami location. The asking price for this versatile property is $4,950,000. The property's address is 12495 NE 2nd Ave, North Miami, FL 33161, within Miami-Dade County. This presents a rare chance to acquire a substantial property with diverse development possibilities in a thriving Florida market. Serious inquiries are encouraged to explore the full potential of this unique offering.

Property profile

Verified
Property type Specialty properties
Year built 1955
Total area 10,885 SF
UPID US18-3114736

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
  • Church

Location

12495 NE 2Nd Ave North Miami, FL 33161
North Miami metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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