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Property profile & analytics
OFF-MARKET
Office buildings
12550 Biscayne Blvd Ste 218, North Miami, FL 33181-2501
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-1692912
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1972
Total area
654 SF
Zoning code
6201:COMMERCIAL
APN
06-2229-112-0220
UPID
US18-1692912
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fonseca & Escobar LLC · 2 yrs held
Fonseca & Escobar LLC
since 2024
Last sale
$215,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,257
Tax year 2023
Assessed value
$209,280
Assessed 2023
Previous assessed
$209,280
+0.0% YoY
Effective rate
2.03%
On assessed value
Total market value
$209,280
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1972
Heating
NONE
Total area
654 SF
Zoning code
6201:COMMERCIAL
APN
06-2229-112-0220
UPID
US18-1692912
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
Heating
NONE
Current owner
From public records · entity-resolved
Fonseca & Escobar LLC
Entity
Mailing address
3111 N UNIVERSITY DR STE #105, CORAL SPRINGS, FL 33065-5049
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2024
$215,000
Fonseca & Escobar LLC
Dudly S Professional Services LLC
Warranty Deed
$145,000 · Interface Lending Corporation
Sep 17, 2021
$185,000
Dudlys Professional Services LLC
Biscayne218 LLC
Warranty Deed
$148,000 · Bankunited NA
Oct 31, 2016
$150,000
Biscayne218 LLC
11-1376 Land Trust
Warranty Deed
—
Oct 12, 2016
—
11-1376 Land Trust
12550 Biscayne Condo Assn INC
Quit Claim Deed
related
—
Jun 21, 2012
$47,000
11-1376 Land Trust
Deputy Clerk Of Miami Dade Cnty
Tax Deed
—
Apr 24, 2012
$1,100
12550 Biscayne Condo Assn INC
Padilla,luis Coc
Trustees Deed
related
—
Apr 18, 2008
—
Padilla,luis & Deborah
Oceanside Props & Invs INC
Quit Claim Deed
related
$155,008 · Cos Venture INC
Nov 6, 2007
$215,000
Oceanside Props & Invs INC
Nrd Investments LLC
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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