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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12750 17Th St Miami, FL 33182

    • Office buildings
    • 2,174 SF
    For Lease
    View listing
    $0.10 SF/Yr
    Last Sale
    Jun 20, 2023
    $1,818,000
    Value Estimations
    $1,200,000
    Cap Rate Potential
    4.7%
    Office buildings
    Location Intelligence
    Property ID
    US18-0752601
    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.

    Current Use by Public Records

    • Daniela Alfonzo- Ms.Dani_Loanz / Mortgage Lender
    • Karibe Dance Studio / Dance School / Dance Company
    • The Power House RES / Mortgage Lender / Title Company
    • L & P Accounting Associates / Accountant
    • BG LOGISTICS GROUP / Logistics Service

    Property Details for 12750 17Th St

    Year built
    2020
    Property size
    2,174 SF
    Zone code
    6200:COMMERCIAL,ARTERIAL
    Property type
    Office buildings
    APN
    25-3935-025-0010
    APU
    2539350250010

    Description

    This exceptional 2,214-square-foot office space is ideally situated within the Flightway @ Panam Business Center. The property features a desirable open-concept design and is immediately available. Comprising two interconnected suites (Unit 209, 1,607 sq ft, and Unit 210, 607 sq ft), it offers flexibility and distinct areas. Unit 210, a high-end boutique-style space, is perfect for executive offices or client meetings. Each suite benefits from its own separate exterior retail entrance. This is a triple-net (NNN) lease with a base rent of $17.66 per square foot, totaling $39,099.24 annually or $3,258.27 monthly. NNN charges are $13.72 per square foot, amounting to $30,376.08 annually or $2,531.34 monthly. The total monthly rent is $5,789.61, plus sales tax. The NNN charges encompass HOA fees, water, exterior insurance, and 2023 real estate taxes. The property's zoning is 6200, and its APN is 25-39-35-025-0230. This single-tenant office building offers a turnkey solution for businesses seeking a modern and efficient workspace. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,420,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,110,000
      6.5%
      $1,025,000
      7%
      $950,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $900,000
      Market price range: $647k - $1.16M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $935,000
      Current use
      COMMERCIAL (GENERAL)
      $1,605,000
      Change: +72% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,420,000
      Change: +52% Conversion: Difficult
      RETAIL STORES
      $1,245,000
      Change: +33% Conversion: Moderate
      MEDICAL BUILDING
      $955,000
      Change: +2% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2272
    Latitude
    25.8908
    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
    $10,575
    $0.00
    $0.00
    $565,240
    -
    $0.00
    $0.00
    $565,240

    Comparable in this City

    • Value Estimation by Request
      1,107 SF

      12750 17th St, Unit 219

      OFFICE BUILDING (MULTI-STORY) • 1,107 SF
      12750 17th St, Miami, FL 33182-1423
      View Details
    • Value Estimation
      $575,000
      1,069 SF

      12750 17th St, Unit 208

      OFFICE BUILDING (MULTI-STORY) • 1,069 SF
      12750 17th St, Miami, FL 33182-1422
      View Details
    • Value Estimation
      $505,000
      1,081 SF

      12750 17th St, Unit 214

      OFFICE BUILDING (MULTI-STORY) • 1,081 SF
      12750 17th St, Miami, FL 33182-1422
      View Details
    • Value Estimation by Request
      2,138 SF

      12750 17th St, Unit 107

      OFFICE BUILDING (MULTI-STORY) • 2,138 SF
      12750 17th St, Miami, FL 33182-1421
      View Details
    • Value Estimation by Request
      1,107 SF

      12750 17th St, Unit 206

      OFFICE BUILDING (MULTI-STORY) • 1,107 SF
      12750 17th St, Miami, FL 33182-1422
      View Details
    • Value Estimation
      $810,000
      2,211 SF

      12750 17th St, Unit 103

      OFFICE BUILDING (MULTI-STORY) • 2,211 SF
      12750 17th St, Miami, FL 33182-1421
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Warehouse with offices, loading docks, and easy highway access.
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      Land available in a sought-after location.
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    Similar Nearby for Lease

    • $0.10 SF/Yr
      2,214 SF

      Flightway Panam Office Suite

      2,214 sq ft Office, Single Tenant, Ready to Occupy
      12750 17Th St, Miami, FL 33182
      View Details
    • $20 SF/Yr
      6,974 SF

      Warehouse with Office and Mezzanine

      6,974 SF warehouse with office and mezzanine space for lease.
      2020 NW 129Th Ave, Miami, FL 33182
      View Details
    • $1,400,000
      1,000 SF

      Shared Office Space Available

      Office space with dock door for rent in Miami.
      1970 NW 129Th Ave, Miami, FL 33182
      View Details
    • $12 SF/Yr

      Warehouse Space Near Miami Airport

      Available warehouse with office space, convenient location, and ample parking.
      12950 Northwest 17Th St, Miami, FL 33182
      View Details
    • $17 SF/Yr
      90,000 SF

      Miami Airport West Industrial Space

      Versatile warehouse space near Miami airport.
      1800 135Th Ave, Miami, FL 33182
      View Details
    • $1.44 SF/Yr
      42,000 SF

      Sweetwater Warehouse: 42,000 SF

      Prime Sweetwater industrial warehouse, single tenant, 5 parking spaces.
      2033 135Th Ave, Miami, FL 33182
      View Details
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    12750 17Th St
    Miami, FL 33182
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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