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Property profile & analytics
OFF-MARKET Estimated value $2,835,000
Outlet malls

12885 Biscayne Blvd North Miami, FL 33181-2002

11,236 SF 0.69 ac lot Built 2016
Entity Owned 12-yr Hold Free & Clear
Property ID
US18-0216347
Property summary
AI-generated overview

This exceptional 1,892 square foot creative office space is situated on Biscayne Boulevard, offering unparalleled visibility. Located in a single-story, Class B building constructed in 2016, this unit boasts 18-foot high ceilings and abundant natural light, creating a bright and inspiring workspace. The space is immediately available for lease and is part of a larger 10,230 square foot building with multiple tenants. The property sits on a sizable 30,000 square foot lot and provides ample parking with 34 spaces available for tenants and their guests. The open floor plan is highly adaptable to a variety of business needs. This is a rare opportunity to secure a well-located, modern office space with excellent natural light and high ceilings in a vibrant area. The minimum divisible space is 1,892 square feet, and the maximum contiguous space available is also 1,892 square feet. This makes it ideal for a single tenant seeking a prominent location with excellent visibility. The property's prime location on Biscayne Boulevard ensures high traffic and excellent exposure for your business.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2016
Total area 11,236 SF
Lot 0.69 ac (30,000 SF)
Zoning code 6200:COMMERCIAL,ARTERIAL
APN 06-2229-008-0171
UPID US18-0216347
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
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.84M
Owner & transaction history
Investment Padre Pio LLC · 12 yrs held
Investment Padre Pio LLC
since 2013
5 recorded transactions
2013
$2.6M
2013
$2.0M
2004
$1.6M
1997
$685,000
1969
Price N/A
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · North Miami, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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