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Property profile & analytics
FOR SALE
Parking lots & garages
12550 Biscayne Blvd North Miami, FL 33181
Entity Owned
~
Est. High Equity
Property ID
US18-0216097
For Sale
1 / 18
$515,000
12550 Biscayne Blvd, North Miami, FL 33181
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1972
Construction
CONCRETE
Total area
82,080 SF
Lot
1.18 ac (51,556 SF)
Zoning code
6201:COMMERCIAL
APN
06-2229-054-0010
UPID
US18-0216097
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
Mm 12550 Biscayne 500 LLC
Mm 12550 Biscayne 500 LLC
since 2026
Last sale
$1.0M
7 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
$930,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10% · vs last sale $1.00M (Jun 15 2022)
Last sale anchor
$1.00M
Jun 15 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
$15 / 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
$27,315
Tax year 2023
Assessed value
$1,226,882
Assessed 2023
Previous assessed
$814,434
+50.6% YoY
Effective rate
2.23%
On assessed value
Assessed land
$876,452
Assessed improvement
$350,430
Land market value
$876,452
Improvement market value
$350,430
Total market value
$1,226,882
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
Parking lots & garages
Use group
PARKING LOT
Status
For Sale
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
82,080 SF
Lot
1.18 ac (51,556 SF)
Zoning code
6201:COMMERCIAL
APN
06-2229-054-0010
UPID
US18-0216097
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.
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Mm 12550 Biscayne 500 LLC
Entity
Mailing address
8888 COLLINS AVE, SURFSIDE, FL 33154-3539
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
94 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2026
—
Mm 12550 Biscayne 500 LLC
—
Deed
related
$1,650,000
Apr 6, 2026
$2,050,000
Mm 12550 Biscayne 500 LLC
Long Island Apartments LLC
Warranty Deed
$1,650,000
Jan 9, 2026
—
Infinity Design 2 INC
—
Deed
related
$69,432 · First American Bank
Dec 23, 2025
$300,000
Biscayne Property Group LLC
Marvi Enterprises LLC
Warranty Deed
—
Nov 21, 2025
—
Serenity Fmc LLC
Fonseca & Escobar LLC
Quitclaim Deed
related
$95,000 · Rbi Private Lending LLC
Oct 10, 2025
—
12550506 Florida Land Trust
12550 Biscayne Blvd 506 Fl Land Tru
Quitclaim Deed
related
—
Sep 10, 2025
—
Pensky & Kim Pa
Nrd Investments LLC
Deed
related
—
Mar 24, 2025
$285,000
Biscayne Enterprise Group LLC
Flamne LLC
Warranty Deed
—
Feb 4, 2025
—
Zumelo Group Limited Liability Comp
—
Deed
related
$600,000 · Alitom LLC
Jan 2, 2025
$100,000
Infinity Design 2 INC
La Veljla Group 2 LLC
Warranty Deed
$75,000 · First American Bank
Oct 11, 2024
—
Bgpl USA INC
Barton & Guestier USA INC
Warranty Deed
—
Jul 17, 2024
—
Novo Sunny LLC
Ignacio Rodriguez
Quitclaim Deed
related
—
Jun 20, 2024
$141,000
Mare Dolce LLC
Dream Do Share LLC
Warranty Deed
—
Jun 20, 2024
—
Wireless Propco LLC
—
Deed
related
$200,000,000 · Wilmington Trust NA
May 28, 2024
$340,000
Health Connected LLC
G&b Family LLC
Warranty Deed
—
May 22, 2024
$275,000
Lbcmb LLC
Us Bank National Association
Warranty Deed
—
May 15, 2024
$100,000
Wonderful Counselor LLC
Chal 3 LLC
Warranty Deed
$75,000 · Valley Bank
Apr 23, 2024
$215,000
Fonseca & Escobar LLC
Dudly S Professional Services LLC
Warranty Deed
$145,000 · Interface Lending Corporation
Dec 29, 2023
$75,000
12550 Biscayne Investments LLC
Antonio Galic
Quitclaim Deed
related
$150,000 · Bank Of The Ozarks
Dec 13, 2023
$270,000
Moleiros Corp
Travel Care Property Investments Ll
Warranty Deed
—
Oct 26, 2023
$11,000,000
Miami Metro Medical LLC
12550 Biscayne LLC
Special Warranty Deed
—
Aug 14, 2023
$121,250
Fsstern Investment LLC
Magic Cruises LLC
Warranty Deed
—
Apr 28, 2023
—
Dream Come True USA LLC
Laura Vanessa Ramos Salazar
Quitclaim Deed
related
—
Mar 29, 2023
$800,000
Cardiology Of North Miami LLC
Moise Lamour
Warranty Deed
—
Mar 22, 2023
$1,545,000
Sky Office Associates LLC
Sky Office Land LLC
Warranty Deed
$2,000,000 · Us Century Bank
Mar 16, 2023
$127,500
Hardingstone LLC
Moise Lamour
Warranty Deed
—
Jan 12, 2023
$368,000
Zumelo Group Limited
Galt Investments LLC
Warranty Deed
—
Aug 23, 2022
—
Moise Lamour
Moise Lamour
Deed
related
—
Aug 1, 2022
—
Manuel Antonio Suarez Barcelo
—
Deed
related
$100,000 · Grove Bank & Trust
Jul 28, 2022
—
Manuel Antonio Suarez Barcelo
—
Deed
related
$400,000 · Grove Bank & Trust
Jul 7, 2022
—
La Vella Group 2 LLC
Investment Homes By God Acpn LLC
Quitclaim Deed
related
—
Jun 15, 2022
$1,000,000
12550 Biscayne Condominium Assn INC
Nrd Investments LLC
Warranty Deed
$1,000,000 · Nrd Investments LLC
Apr 23, 2022
$128,000
General Resources Company LLC
Best Real Estate Group LLC
Warranty Deed
—
Mar 22, 2022
$129,500
Tas Fre Protection INC
Galt Investments LLC
Warranty Deed
—
Sep 17, 2021
$185,000
Dudlys Professional Services LLC
Biscayne218 LLC
Warranty Deed
$148,000 · Bankunited NA
Sep 1, 2021
—
Chal 3 LLC
Moises Enrique Chaijub
Quitclaim Deed
related
—
Jul 15, 2021
—
Cihendi INC
—
Deed
related
$132,000 · Velocity Commercial Capital LLC
Jun 16, 2021
—
Medical Onventory Management INC
—
Deed
related
$195,000 · Amerant Bank NA
Mar 3, 2021
$185,000
Claudia P Botty
Folding Office LLC
Special Warranty Deed
$108,000 · Truist Bank
Feb 24, 2021
—
Flamne LLC
Milhua LLC
Quitclaim Deed
related
—
Jan 11, 2021
$550,000
Salt Hill Holdings LLC
C Squared Real Estate LLC
Warranty Deed
—
Sep 4, 2020
—
Antonio Galic
—
Deed
related
$150,000 · Bank Of The Ozarks
Aug 24, 2020
—
Antonio Galic
—
Deed
related
$150,000 · Bank Of The Ozarks
Aug 19, 2020
$130,000
Laura V R Salazar
Lauge Realty Group INC
Warranty Deed
$105,000 · Lauge Realty Group INC
Jul 16, 2020
$98,000
Dream Do Share LLC
Alces & Asociados LLC
Warranty Deed
—
Oct 10, 2019
$112,000
Magic Cruises LLC
Bd Consulting USA LLC
Warranty Deed
—
Jul 29, 2019
$409,400
Jinora LLC
6080 Collins LLC
Grant Deed
—
Apr 30, 2019
$103,000
Kega Commerce LLC
Ofisi LLC
Warranty Deed
—
Mar 13, 2019
—
Limco LLC
—
Deed
related
$285,000 · Wells Fargo Bank NA
Oct 15, 2018
$117,500
Mariana P Ruiz
Dolce Vitas LLC
Warranty Deed
—
Aug 14, 2018
$69,000
God Choice Trust
Garrtech Group LLC
Warranty Deed
—
Jun 30, 2018
$95,000
Aices & Asociados LLC
Miar Investments LLC
Warranty Deed
—
Feb 28, 2018
—
God Choice Trust
Lamour,moise
Quitclaim Deed
related
—
Feb 26, 2018
—
Holding Office LLC
—
Deed
related
$97,582 · Regions Bk/tn
Feb 7, 2018
$1,300,000
Sky Office Land LLC
Nrd Investments LLC
Trust Deed
$1,105,000 · Gibraltar Private Bk&tr Fsb
Jan 18, 2018
$362,000
Moise Lamour
12550 Biscayne 704 LLC
Warranty Deed
—
Dec 22, 2017
$2,170,000
Long Island Apartments LLC
Nrd Investments LLC
Warranty Deed
—
Dec 11, 2017
—
Galt Investments LLC
Nrd Investments LLC
Grant Deed
related
—
Dec 5, 2017
$125,000
Antonio Galic
Nrd Investments LLC
Warranty Deed
—
Nov 27, 2017
$418,400
Galt Investments LLC
Nrd Investments LLC
Warranty Deed
—
Oct 3, 2017
$229,000
Galt Investments LLC
Nrd Investments LLC
Warranty Deed
—
Aug 31, 2017
—
Pensky & Kim Pa
Nrd Investments LLC
Grant Deed
related
—
Jul 28, 2017
$1,102,900
Santos Trust
Ob/gyn Advanced Care Corp
Quitclaim Deed
related
—
Jul 19, 2017
$670,000
12550 Biscayne LLC
Nrd Investments LLC
Warranty Deed
—
Jul 13, 2017
$223,000
Pensky & Kim Pa
Nrd Investments LLC
Special Warranty Deed
$200,700 · Td Bank NA
Jun 20, 2017
$90,000
Dolce Vitas LLC
Cos Venture INC
Warranty Deed
—
May 25, 2017
$2,500,000
12550 Biscayne LLC
12550 Biscayne Props L Trust
Warranty Deed
—
Apr 20, 2017
$127,000
Lauge Realty Group INC
Guru Pramukh Swami Krupa INC
Warranty Deed
—
Feb 2, 2017
$315,000
Law Regojo
Nrd Investments LLC
Warranty Deed
$267,750 · Branch Bk&tr
Dec 22, 2016
$1,000
Nr Investments 2 INC
Nrd Investments LLC
Grant Deed
—
Dec 7, 2016
—
Michael Lyamport Limco LLC
—
Deed
related
$50,000 · Us Speciality Insurance Co
Dec 2, 2016
$564,600
Ob & Gyn Advanced Care Corp
Nrd Investments LLC
Warranty Deed
—
Dec 2, 2016
—
Ob & Gyn Advanced Care Corp
—
Deed
related
$1,123,513 · Totalbank
Nov 16, 2016
—
Marvi Ents LLC
—
Deed
related
$150,000 · Pacific Nat'l Bk
Oct 31, 2016
$150,000
Biscayne218 LLC
11-1376 Land Trust
Warranty Deed
—
Oct 27, 2016
—
12550 Biscayne 403 LLC
—
Deed
related
$236,250 · Jp Morgan Chase Bk
Oct 26, 2016
$74,000
Mariana P Ruiz
Nrd Investments LLC
Grant Deed
—
Oct 24, 2016
$475,000
12550 Biscayne 403 LLC
Nrd Investments LLC
Warranty Deed
$236,250 · Jpmorgan Chase Bank NA
Oct 12, 2016
—
11-1376 Land Trust
12550 Biscayne Condo Assn INC
Quitclaim Deed
related
—
Sep 15, 2016
—
Zmcc LLC
Cedre,luis L
Quitclaim Deed
related
—
Aug 11, 2016
$303,500
Seven Properties Corp
Nrd Investments LLC
Warranty Deed
—
Jul 18, 2016
$946,500
Barton & Guestier USA INC
Nrd Investments LLC
Warranty Deed
—
Jun 24, 2016
—
Cos Venture INC
12550 Biscayne Condo Assn INC
Quitclaim Deed
related
—
Jun 6, 2016
$302,400
Medical Inventory Mgmt INC
Nrd Investments LLC
Warranty Deed
$241,920 · Bankunited Fsb
May 31, 2016
$657,800
Galt Investments LLC
Nrd Investments LLC
Warranty Deed
—
May 12, 2016
$130,000
Guru Pramukh Swami Krupa INC
Acrc International LLC
Warranty Deed
—
Mar 10, 2008
$734,600
Limco LLC
Nrd Investments LLC
Grant Deed
$514,139 · Coast Investors Management LLC
Dec 13, 2007
$215,000
Steven Strumwasser Phd Pa
Nrd Investments LLC
Special Warranty Deed
$172,000 · City National Bank Of Florida
Nov 6, 2007
$215,000
Oceanside Props & Invs INC
Nrd Investments LLC
Grant Deed
—
Oct 23, 2007
$156,796
Elena Paley
Nrd Investments LLC
Grant Deed
$133,276 · Interbay Funding LLC
Oct 18, 2007
$520,000
Manuel Antonio Suarez Barcelo
Nrd Investments LLC
Special Warranty Deed
$467,953 · Wachovia Bank NA
Nov 20, 2006
$12,500,000
Nrd Investments LLC
Johnson & Wales University
Special Warranty Deed
—
Oct 19, 2005
$8,700,000
Johnson & Wales University
12550 Lc
Grant Deed
—
—
—
Nrd Investments LLC
—
Deed Of Trust
related
$226,067 · Totalbank
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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