12955 Biscayne BlvdNorth Miami, FL 33181

Property Details for 12955 Biscayne Blvd

Year built

1972

Property size (Sq ft)

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.

• 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

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

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