New search
Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office buildings
12575 7th Ave, North Miami, FL 33161-4811
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-8905627
Property summary
AI-generated overview
This completely renovated 2,160 square foot single-tenant warehouse office space is located in the heart of North Miami, offering a blend of modern amenities and prime accessibility. The property features three private offices, a spacious lobby area, a newly updated kitchen, and a contemporary bathroom. Every aspect of the space has undergone a complete upgrade, boasting sleek new flooring and fixtures throughout. Its location on 7th Avenue places it steps away from the bustling 125th Street, providing excellent visibility and convenience for clients. The vibrant area offers a diverse mix of restaurants, boutiques, and yoga studios, creating a dynamic and desirable environment. Free parking is conveniently located at 734 NE 126th Street, a short distance from the property. This exceptional property offers unparalleled convenience, with easy access to Surfside Beach (10 minutes), Wynwood (12 minutes), Brickell (14 minutes), and Miami International Airport (14 minutes). The property is zoned 6000 and has a single story building with one suite. The APN is 06-22-30-007-0901. This is a rare opportunity to secure a turn-key office space in a highly sought-after North Miami location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Construction
CONCRETE
Total area
2,160 SF
Lot
0.08 ac (3,306 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
06-2230-007-0901
UPID
US18-8905627
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
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$566k
Blend (final)
Blend
$625k
Owner & transaction history
Abbie R Salt · 2 yrs held
Abbie R Salt
since 2023
Last sale
$632,000
6 recorded transactions
Zoning & alternative use
6000:COMMERCIAL,GENERAL · North Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$950,000
+34.8%
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
$805,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$705,000
Current use
MEDICAL BUILDING
$950,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$640,000
Change: -9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$615,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$565,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $632k (Dec 29 2023)
Last sale anchor
$632k
Dec 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
$289 / 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
$6,554
Tax year 2023
Assessed value
$354,818
Assessed 2023
Previous assessed
$262,250
+35.3% YoY
Effective rate
1.85%
On assessed value
Assessed land
$231,420
Assessed improvement
$123,398
Land market value
$231,420
Improvement market value
$123,398
Total market value
$354,818
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
OFFICE BUILDING
Status
Off-Market
Year built
1959
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
2,160 SF
Lot
0.08 ac (3,306 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
06-2230-007-0901
UPID
US18-8905627
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6000:COMMERCIAL,GENERAL · North Miami, FL
Zoning 6000:COMMERCIAL,GENERAL · permitted uses
6000:COMMERCIAL,GENERAL · 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
$705,000
MEDICAL BUILDING
Est. value
$950,000
WAREHOUSE, STORAGE
Est. value
$640,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$615,000
RETAIL STORES
Est. value
$565,000
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1959
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Abbie R Salt
Individual
Mailing address
710 NE 126TH ST, NORTH MIAMI, FL 33161-4823
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
$632,000
Abbie R Salt
12575 Ne 7th Ave LLC
Warranty Deed
—
Jul 16, 2019
—
12575 Ne 7th Ave LLC
—
Deed
related
$292,500 · Velocity Com'l Cap
Nov 2, 2018
$270,000
12575 Ne 7th Ave LLC
Mmo Properties LLC
Warranty Deed
$220,000 · Principal Lenders Group INC
Dec 13, 2004
$200,000
Mimo Properties LLC
Lakeman,william O
Warranty Deed
$150,000 · William O Lakeman
Aug 27, 2001
$110,000
William O Lakeman
Franz,yana
Grant Deed
—
—
—
12575 Ne 7th Ave LLC
—
Deed Of Trust
related
$292,500 · Velocity Com'l Cap
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 12575 7th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
