12699 6 Ave North Miami, FL 33161
Property profile & analytics
12699 6 Ave, North Miami, FL 33161
- Turn key restaurants
- 2,400 SF
- 0.20 lot acres
Property ID
US18-1470001
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 12699 6 Ave
- Year built
- 1979
- Construction
- CONCRETE
- Lot size
- 0.20 lot acres
- Zone code
- 6600:COMMERCIAL,LIBERAL
- Property type
- Turn key restaurants
- APN
- 06-2230-007-0430
- APU
- 622300070430
Description
This exceptional investment opportunity presents a 2,400 square foot Pizza Hut restaurant located at 12699 NE 6th Ave, North Miami, FL 33161, on a 0.2-acre lot. The property boasts a highly visible, hard corner location in a high-traffic area with over 66,000 cars passing daily. Currently operating under a single-tenant, absolute NNN lease with Pizza Hut, the lease commenced October 20, 2000, and expires October 20, 2030, with 5.9 years remaining. The lease includes a five-year option with a 10% rent increase in October 2025. The current rent is well below market value at $16.98 per square foot. Built in 1979 and renovated in 2021, the property features 2,104 net rentable square feet and 6 parking spaces. The C-3 zoning allows for redevelopment potential, making this an attractive opportunity for long-term investors. The property is surrounded by national tenants including Publix, CVS, Walgreens, and 7-Eleven, and is conveniently located near North Miami Middle and Senior High Schools, the Museum of Contemporary Art, and City government offices. The asking price is $1,995,000 ($831.25 per square foot). This property benefits from strong demographics, with 179,877 people within a 3-mile radius. Two neighboring parcels are also available for off-market purchase.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,130,000
- ML approach
- $1,130,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $850,000
Market price range: $290k - $1.11M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,570,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- North Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1862
- Latitude
- 25.8919
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,531
$600,600
$508,500
$1,109,100
-
$600,600
$508,500
$1,109,100
