12955 Biscayne BlvdNorth Miami, FL 33181

  • Office properties
  • 1,106 SF
For Sale
$175,000 View listing

Property Details for 12955 Biscayne Blvd

Year built
1972
Property size (Sq ft)
1,106 SF
Zone code
6200:COMMERCIAL,ARTERIAL
Property type
Office properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $717,554
    6.5%
    $662,357
    7%
    $615,046
  • Comparable approach

    Method
    Valuation
    Relative Method
    $423,443
    Geo Method
    $423,443
  • Alternative Use

    Use
    Valuation
    Residential
    $821,323
    Hospitality
    $752,327
    Educational
    $625,928
    Medical
    $647,454
    Retail
    $973,665
12955 Biscayne Blvd, North Miami, Florida

Location Insight

City
North Miami
County
Miami-dade
State
Florida
Latitude
25.8956
Longitude
-80.1614
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
-
-
$315,210
-
-
-
$315,210

FAQs

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