Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7240 12th St Miami, FL 33126-1909

    • Commercial land
    • 14,817 SF
    • 1.07 lot acres
    OFF-MARKET
    Value Estimations
    $2,990,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0065274
    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

    • Commercial land

    Property Details for 7240 12th St

    Year built
    1973
    Construction
    CONCRETE
    Lot size
    1.07 lot acres
    Property size
    14,817 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Commercial land
    APN
    30-3052-002-0060
    APU
    3030520020060

    Description

    This exceptional 1.07-acre Class A industrial property, located at 7240 NW 12th St in Miami, Florida (zip code 33126), offers a prime outdoor storage solution. Situated in Miami-Dade County's Miami submarket, this single-tenant site is ideally suited for various uses, including truck parking, drayage operations, car storage, and towing services. Its convenient location provides easy access to Miami International Airport (MIA), significantly reducing transportation times and operational costs. The property's zoning allows for a wide range of industrial activities. The lot size is generous, providing ample space for maneuvering and storage of heavy-duty vehicles and equipment. The property's proximity to two nearby office towers offers the potential for synergistic business opportunities or convenient office space expansion. This exceptional location, combined with the substantial lot size, makes this a highly desirable investment opportunity for businesses seeking efficient and strategically located outdoor storage near MIA. The property is classified as Industrial, Land, with subtypes including Industrial, Commercial, Storage, Truck Parking, and Car Parking. This is a single-tenant property.

    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
    -80.3138
    Latitude
    25.7819
    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
    $20,597
    $1,631,315
    $0.00
    $1,631,315
    -
    $1,631,315
    $0.00
    $1,631,315

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      4301 2nd St

      VACANT COMMERCIAL LAND • 0.18 Acres
      4301 2nd St, Miami, FL 33126
      View Details
    • Value Estimation by Request
      0.22 Acres

      6000 7th St

      VACANT COMMERCIAL LAND • 0.22 Acres
      6000 7th St, Miami, FL 33126-4616
      View Details
    • Value Estimation by Request
      0.32 Acres

      Miami, FL 33126

      VACANT COMMERCIAL LAND • 0.32 Acres
      Miami, FL 33126
      View Details
    • Value Estimation by Request
      0.15 Acres

      400 42nd Ave

      VACANT COMMERCIAL LAND • 1,037 SF
      400 42nd Ave, Miami, FL 33126-5653
      View Details
    • Value Estimation by Request

      Doral, FL 33126

      VACANT COMMERCIAL LAND
      Doral, FL 33126
      View Details
    • Value Estimation by Request
      6.67 Acres

      5627 7th St

      VACANT COMMERCIAL LAND • 6.67 Acres
      5627 7th St, Miami, FL 33126-3216
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.71 Acres

      Fontainebleau Apartments: Redevelopment Opportunity

      Luxury Miami apartment complex, prime location.
      8501 8Th St, Miami, FL 33126
      View Details
    • $3,000,000
      3.00 Acres

      Miami 3-Acre Residential Land

      Prime Miami development land; RU-1 zoning.
      14 Northwest Dr, Miami, FL 33126
      View Details
    • $10,433,333
      4,688 SF

      Miami 7-Eleven NNN Lease

      High-yield 7-Eleven, Miami, FL
      0 45Th Ave, Miami, FL 33126
      View Details
    • $1,050,000
      3,105 SF

      Miami Triplex Investment Opportunity

      Legal triplex, 3,105 sq ft, excellent location.
      62 73Rd Pl, Miami, FL 33126
      View Details
    • $80,000

      Turn-Key Medical Aesthetics Spa

      Modern, fully-equipped spa or medical center in Doral.
      8205 NW 12Th St, Doral, FL 33126
      View Details
    • $1,375,000

      Triplex Near MIA and Expressways

      Triplex with strong income potential near MIA, expressways, shopping.
      250 NW 63Rd Ct, Miami, FL 33126
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,300 SF

      Blue Lagoon Shoppes Retail Space

      Miami retail space, multiple units available.
      1101 57Th Ave, Miami, FL 33126
      View Details
    • Contact for pricing
      2,200,300 SF

      Miami Industrial Space Available

      Prime Miami industrial space, multiple suites.
      8181 14 St, Doral, FL 33126
      View Details
    • $38 SF/Yr
      1 SF

      Executive Suites, Doral, FL

      Prestigious Doral Office Space Available
      8095 12Th St, Doral, FL 33126
      View Details
    • $28 SF/Yr
      6,000 SF

      Office Space for Lease

      6,000 SF office space available for lease.
      6205 Blue Lagoon Dr, Miami, FL 33126
      View Details
    • Contact for pricing
      4,000 SF

      Mixed-Use Destination in Miami, FL

      Mixed-use development with retail and residential in Miami, FL.
      3701-3825 NW 7Th St, Miami, FL 33126
      View Details
    • $3,100 /Mo

      Remodeled Multifamily Unit Near Airport

      Spacious 3 bed, 2 bath unit in prime Miami location.
      141 NW 43Rd Pl, Miami, FL 33126
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7240 12th St
    Miami, FL 33126-1909
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.