12550 Biscayne BlvdNorth Miami, FL 33181

  • Office buildings
  • 915 SF
For Lease
$0.18/SF/YR View listing

Property Details for 12550 Biscayne Blvd

Year built
1972
Property size (Sq ft)
915 SF
Zone code
6201:COMMERCIAL
Property type
Office buildings
APN
06-2229-112-0280
APU
622291120280

Description

This exceptional 1,629-square-foot traditional office suite in North Miami, Florida, offers a unique opportunity for immediate occupancy. Located at 12550 Biscayne Blvd #D, this space features two separate 200-square-foot private offices, ideal for medical professionals such as chiropractors or acupuncturists, given the building's medical zoning approval (6201). The suite is currently configured with a main reception area currently used by the building owner's physical therapy practice. Abundant natural light floods the space through large windows. All utilities are included in the rent, encompassing electricity, high-speed internet, water/sewer, janitorial services, and security. Two dedicated parking spaces are provided. The building boasts a front desk concierge/security service, ensuring a safe and professional environment. This North Miami location, in Miami-Dade County (APN: 06-22-29-112-0390), offers excellent accessibility and visibility. The suite is ready for immediate move-in. This is a multi-tenant building with a total of one suite.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $593,636
    6.5%
    $547,972
    7%
    $508,831
  • Comparable approach

    Method
    Valuation
    Relative Method
    $350,317
    Geo Method
    $350,317
  • Alternative Use

    Use
    Valuation
    Residential
    $679,485
    Hospitality
    $622,405
    Educational
    $517,833
    Medical
    $535,642
    Retail
    $805,519

Location Insight

City
North Miami
County
Miami-dade
State
Florida
Latitude
25.8923
Longitude
-80.1642
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
$5,878
-
-
$292,800
-
-
-
$292,800

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