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    Property profile & analytics

    12955 Biscayne Blvd, Unit 212 North Miami, FL 33181-2037

    • Office buildings
    • 1,106 SF
    OFF-MARKET
    Value Estimations
    $675,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2520665
    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

    • 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

    Property Details for 12955 Biscayne Blvd

    Year built
    1972
    Property size
    1,106 SF
    Zone code
    6200:COMMERCIAL,ARTERIAL
    Property type
    Office buildings
    APN
    06-2228-063-0070
    APU
    622280630070

    Description

    This exceptional 650-square-foot office condo, located at 12955 Biscayne Blvd #200 in North Miami, Florida (33181), presents a unique investment opportunity. Built in 1972, this single-building property offers a blend of convenience and value. The unit features built-in furniture, a spacious layout including a large open office area with three dedicated workspaces and a conference table, plus a private office. The low monthly maintenance fee of $613 includes water, electricity, air conditioning, and common area maintenance. Parking is readily available with 76 open spaces conveniently located nearby. This prime location on Biscayne Boulevard, situated between Miami Shores and North Miami Beach, offers excellent visibility and accessibility, with proximity to Bal Harbour. The property is classified as both office and multifamily, and is specifically an apartment building/condo. This is an ideal opportunity for an owner-occupant or investor seeking a well-maintained, conveniently located office space in a thriving business community. The asking price is $175,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $865,000
      Market price range: $382k - $2.56M
      AI Estimate
      $489,000
      Market price range: $149k - $1.25M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $870,000
      Current use
      COMMERCIAL (GENERAL)
      $820,000
      Change: -6% Conversion: Easy
      AUTO REPAIR, GARAGE
      $725,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    North Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.1614
    Latitude
    25.8956
    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
    $5,489
    $0.00
    $0.00
    $315,210
    -
    $0.00
    $0.00
    $315,210

    Comparable in this City

    • Value Estimation
      $7,110,000
      28,171 SF

      11601 Biscayne Blvd

      OFFICE BUILDING (MULTI-STORY) • 28,171 SF
      11601 Biscayne Blvd, Miami, FL 33181-3151
      View Details
    • Value Estimation
      $3,240,000
      4,920 SF

      13120 Biscayne Blvd

      OFFICE BUILDING • 4,920 SF
      13120 Biscayne Blvd, North Miami, FL 33181-2013
      View Details
    • Value Estimation by Request
      5 SF

      12550 Biscayne Blvd Ste, Unit 105

      PROFESSIONAL BUILDING • 5 SF
      12550 Biscayne Blvd Ste, North Miami, FL 33181-2536
      View Details
    • Value Estimation
      $700,000
      1,145 SF

      12955 Biscayne Blvd Ste, Unit 210

      OFFICE BUILDING (MULTI-STORY) • 1,145 SF
      12955 Biscayne Blvd Ste, North Miami, FL 33181-2021
      View Details
    • Value Estimation by Request
      279 SF

      12550 Biscayne Blvd Ste, Unit 213

      PROFESSIONAL BUILDING • 279 SF
      12550 Biscayne Blvd Ste, North Miami, FL 33181-2501
      View Details
    • Value Estimation
      $520,000
      758 SF

      12550 Biscayne Blvd Ste, Unit 401

      PROFESSIONAL BUILDING • 758 SF
      12550 Biscayne Blvd Ste, North Miami, FL 33181-2537
      View Details

    Similar Nearby for Sale

    • $2,200,000
      9,370 SF

      North Miami Office Building For Sale

      Six-unit office property on Biscayne Boulevard, versatile for multiple uses.
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    • $2,200,000
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      Biscayne Boulevard Office Opportunity

      Six office units available on Biscayne Boulevard in North Miami.
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    • $2,650,500
      2,650 SF

      North Miami Office Condo For Sale

      Biscayne Blvd Office Condo - Owner/User
      12550 Biscayne Blvd, North Miami, FL 33181
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    • $803,000
      2,450 SF

      North Miami Office For Sale

      2,450 SF commercial office space on Biscayne Boulevard.
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    • $700,000

      Renovated Office Condo in North Miami

      Fully renovated office condo with city views in North Miami.
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    • New
      $750,000
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      North Miami Corner Office Condo

      Remodeled corner office condo in North Miami. Great for owner-user.
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    Similar Nearby for Lease

    • $800 /Mo

      Furnished Office Space in North Miami

      Furnished office space in North Miami's prime business corridor.
      12550 Biscayne Blvd, North Miami, FL 33181
      View Details
    • Sponsored
      New
      Contact for pricing

      Causeway Square

      Discover many ways to work your way in Causeway Square
      1801 123Rd St, North Miami, FL 33181
      View Details
    • $8 SF/Yr
      1,629 SF

      North Miami Office Suite for Lease

      Prime Office Space, 1,629 sq ft, 2 Parking Spaces
      12550 Biscayne Blvd, North Miami, FL 33181
      View Details
    • $400 /Mo

      North Miami Office Space Available

      Multi-unit office space with 24-hour security, off Biscayne Blvd.
      13499 Biscayne Blvd, North Miami, FL 33181
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    • $35 SF/Yr

      North Miami Office Space Available

      9,370 SF office space for rent in North Miami.
      12550 Biscayne Blvd, North Miami, FL 33181
      View Details
    • New
      $8,000 /Mo

      North Miami Corner Office Space

      Remodeled corner office space in a full-service building.
      12550 Biscayne Blvd, North Miami, FL 33181
      View Details
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    North Miami, FL 33181-2037
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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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