Equipped Auto Shop
For Sale
$1,150,000
12459 SW 130th St, Miami, FL 33186
Commercial Sale, Miami, FL
Property Size2,361 SF
Price / SF$487.08
Days on Market58
Property Features for 12459 SW 130th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
7700
Parking
15
Parking features
Assigned
Directions
SW 130th St between 122nd Ave and 127th Ave
Subdivision
59
Standard status
Active
APN
30-59-13-009-0120
Taxes and HOA fees
Tax Year
2025
Tax Description
DEVONAIRE COM CENTER IV CONDO UNIT 12 UNDIV 4.74% INT IN COMMON ELEMENTS OFF REC 12854-1993 OR 20532-4471 0702 2(2) COC 24132-1911 01 2006 2
Tax Annual Amount
6120
HOA Fee
$360 Monthly
Legal Description
DEVONAIRE COM CENTER IV CONDO UNIT 12 UNDIV 4.74% INT IN COMMON ELEMENTS OFF REC 12854-1993 OR 20532-4471 0702 2(2) COC 24132-1911 01 2006 2
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
12-ft ceilings
roll-up loading doors
nightly security gate
access from both sides
Building Details
Year built
1986
Floors in Building
1
Flooring type
Concrete
Building materials
Block
Roof type
Concrete
Listing Agency:
BHHS EWM Realty
(305) 960-2400
Listed By:
Carlos Olivares · License #3051724
(305) 894-6637
Added: Jul 15
Changed: Sep 9
Last Checked: Sep 10 at 11:06AM
MLS# A12054151
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering combines three contiguous industrial warehouse condominiums with a total of 2,361 SF. The property is configured for automotive operations and includes a paint booth, three compressors, set-up and pull machinery, tent equipment, storage equipment, and assorted materials. Block construction, concrete flooring, public water and public sewer support the existing commercial setup. The units have 12-foot ceilings, roll-up loading doors, and access on both sides of the building.
The property is located within a fenced commercial complex with a nightly security gate. Fifteen assigned parking spaces are provided, with five allocated to each unit, and additional parking is available. The site is approximately one mile from Miami Executive Airport and offers access to SR 874 and the Florida Turnpike. The industrial units may also accommodate warehouse or flex-space use, subject to applicable requirements.
The property is located within a fenced commercial complex with a nightly security gate. Fifteen assigned parking spaces are provided, with five allocated to each unit, and additional parking is available. The site is approximately one mile from Miami Executive Airport and offers access to SR 874 and the Florida Turnpike. The industrial units may also accommodate warehouse or flex-space use, subject to applicable requirements.
Key Highlights
- Three contiguous warehouse condos totaling 2,361 SF
- Automotive zoning supports continued body shop use
- Includes paint booth, 3 compressors, and set‑up and pull machinery
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,839
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,136,780
$1.1M
Cap Rate 7%
$811,986
$812.0K
Cap Rate 9%
$631,544
$631.5K
Market Conditions
NOI Build-Up for 2,361 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$96.9K $41.04/SF
− Vacancy
−$15.7K −$6.65/SF
EGI
$81.2K $34.39/SF
− OpEx
−$24.4K −$10.32/SF
NOI
$56.8K $24.07/SF
Area
ZIP 33186
Vacancy
16.20%
Lease Rate
$41.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,136,780
Cap Rate 7%
$811,986
Cap Rate 9%
$631,544
Alternative Uses
Best Use
Retail
$812.0K
$710.5K – $947.3K
NOI $56,839 @ 7.0% cap · market cap 4.94%
Second Best
Warehouse
$550.2K
$481.5K – $641.9K
NOI $38,516 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,250 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
12 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,176
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33186, FL
69,866
Population
24,397
Households
2.9
Avg Household Size
42
Median Age
36%
College-Educated
91%
High-School Grad
12.4 sq mi
ZIP Area
5,634
Density / Sq Mi
$86,481
Median Household Income
$46,755
Median Earnings
$2,021
Median Rent
$422,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Three connected industrial units offer automotive functionality with warehouse and flex-space adaptability.
Where is this auto shop located?
The property is located at 12459 SW 130th St Miami, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three contiguous warehouse condos totaling 2,361 SF; Automotive zoning supports continued body shop use; Includes paint booth, 3 compressors, and set‑up and pull machinery
