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

    12895 132nd St, Unit 102 Miami, FL 33186-7201

    • Office buildings
    • 2,647 SF
    OFF-MARKET
    Last Sale
    Apr 11, 2023
    $5,300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5452757
    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

    • Calvary Chapel / Association / Organization
    • Esprit Condominium Association, Inc. / Non-Profit Organization
    • AHS Residential / Real Estate Developer
    • Resia / Real Estate Developer
    • Carmel At The California Club Condominium 14 Association, Inc. / Non-Profit Organization

    Property Details for 12895 132nd St

    Year built
    2003
    Property size
    2,647 SF
    Zone code
    7700:INDUSTRIAL,RESTRICT
    Property type
    Office buildings
    APN
    30-5914-085-0190
    APU
    3059140850190

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.4026
    Latitude
    25.6461
    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
    $6,546
    $0.00
    $0.00
    $449,990
    -
    $0.00
    $0.00
    $449,990

    Comparable in this City

    • Value Estimation by Request
      950 SF

      13200 128th St Ste F3

      OFFICE BUILDING (MULTI-STORY) • 950 SF
      13200 128th St Ste F3, Miami, FL 33186-5831
      View Details
    • Value Estimation by Request
      684 SF

      12955 132nd St Ste, Unit 107

      OFFICE BUILDING (MULTI-STORY) • 684 SF
      12955 132nd St Ste, Miami, FL 33186-6224
      View Details
    • Value Estimation by Request
      1,409 SF

      12855 132nd St Ste, Unit 200

      OFFICE BUILDING (MULTI-STORY) • 1,409 SF
      12855 132nd St Ste, Miami, FL 33186-7221
      View Details
    • Value Estimation by Request
      943 SF

      8900 117th Ave Ste B205

      OFFICE BUILDING (MULTI-STORY) • 943 SF
      8900 117th Ave Ste B205, Miami, FL 33186-2184
      View Details
    • Value Estimation
      $6,395,000
      23,825 SF

      12601 125th Ave

      PROFESSIONAL BUILDING • 23,825 SF
      12601 125th Ave, Miami, FL 33186-5204
      View Details
    • Value Estimation by Request
      1,105 SF

      12900 128th St

      OFFICE BUILDING (MULTI-STORY) • 1,105 SF
      12900 128th St, Miami, FL 33186-6273
      View Details

    Similar Nearby for Sale

    • $3,700,000
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      25,642 SF office building with significant rental upside.
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      Miami Office Space: Prime Location

      Move-in Ready Office Suite, 1798 sq ft
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    • $3,900,000
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      Miami Office Building & Land

      Thriving Office Building + Development Land
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    • $335,000

      Devonaire Commerce Condo Flex Unit

      Flex warehouse/office unit in Devonaire Commerce Condo for sale.
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      Versatile Warehouse Space Available

      1,100 SqFt mixed-use warehouse with high ceilings and bay door.
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    Similar Nearby for Lease

    • $24 SF/Yr
      138,464 SF

      Kendall Office Center Space Available

      Professional office spaces for lease in a three-building office park.
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      Miami Office Space for Lease

      Two-story office, Tamiami Executive Airport area
      13775 145Th Ct, Miami, FL 33186
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    • $1,500 /Mo

      Office Warehouse First Floor Rental

      Office/warehouse space with private entrance and bathroom in Miami.
      13390 SW 131St St, Miami, FL 33186
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    • $5,300 /Mo

      Prime Kendall Office Space Available

      Two-story commercial property ideal for professional offices or corporate headquarters.
      13320 SW 128Th St, Miami, FL 33186
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    • Contact for pricing

      West Kendall Retail and Office

      Multi-use property with retail and office space available for lease.
      13630 120Th St, Miami, FL 33186
      View Details
    • $25 SF/Yr
      13,400 SF

      High-End Office Space Available

      Office space with high-end finishes and advanced technology.
      14591 Sw 120Th St, Miami, FL 33186
      View Details
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    12895 132nd St, Unit 102
    Miami, FL 33186-7201
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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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