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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Office buildings
12550 Biscayne Blvd Ste 704, North Miami, FL 33181-2545
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-1471655
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1972
Total area
1,439 SF
Zoning code
6201:COMMERCIAL
APN
06-2229-112-0660
UPID
US18-1471655
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
$675k
Comparable Approach
Comparable
$715k
Blend (final)
Blend
$795k
Owner & transaction history
Cardiology Of North Miami LLC · 3 yrs held
Cardiology Of North Miami LLC
since 2023
Last sale
$800,000
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
Method
Estimation
Statistic approach
$980,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$675,000
7%
$630,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,130,000
Current use
COMMERCIAL (GENERAL)
$1,065,000
Change: -6% · Conversion: Easy
AUTO REPAIR, GARAGE
$940,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $800k (Mar 29 2023)
Last sale anchor
$800k
Mar 29 2023
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
$552 / 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
$10,252
Tax year 2023
Assessed value
$460,480
Assessed 2023
Previous assessed
$352,555
+30.6% YoY
Effective rate
2.23%
On assessed value
Total market value
$460,480
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
1,439 SF
Zoning code
6201:COMMERCIAL
APN
06-2229-112-0660
UPID
US18-1471655
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$940,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1972
Heating
NONE
Current owner
From public records · entity-resolved
Cardiology Of North Miami LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3201 NE 183RD ST APT #2108, AVENTURA, FL 33160-2896
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2023
$800,000
Cardiology Of North Miami LLC
Moise Lamour
Warranty Deed
—
Aug 23, 2022
—
Moise Lamour
Moise Lamour
Intrafamily Transfer
related
—
Feb 28, 2018
—
God Choice Trust
Lamour,moise
Quit Claim Deed
related
—
Jan 18, 2018
$362,000
Moise Lamour
12550 Biscayne 704 LLC
Warranty Deed
—
Jan 31, 2011
$180,000
12550 Biscayne 704 LLC
Ocean Bk
Grant Deed
—
May 28, 2010
$2,400
Bk Ocean
Capital Brokers LLC Coc
Trustees Deed
related
—
Nov 13, 2007
$548,800
Capital Brokers LLC
Nrd Investments LLC
Grant Deed
related
$466,412 · Ocean Bank
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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