Industrial Outdoor Storage
For Sale
Contact for pricing
10460 Southwest 187th Terrace, Cutler Bay, FL 33157
Fully fenced outdoor storage yard with dual access, a warehouse and two-story office, plus covered work areas and auxiliary structures.
Property Size6,500 SF
Lot Size0.69 Acres
Price / SF$537.69
Days on Market177
Property Features for 10460 Southwest 187th Terrace
General Information
Standard status
Active
Size
6,500 SF
Lot size
0.69 Acres
Property subtype
Industrial, Land
Zoning
UC EDGE – Industrial (ID) / PECUC (Perrine Community Urban Center)
Investment Type
Owner/User
Site & Location
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
20 ft
Heavy Power
Yes
Building Details
Year Built
1983
Buildings
1
Listing Agency:
Diaz Commercial
Listed By:
Irving Diaz, CCIM · License #BK3205345
Source:
Crexi
Added: Apr 29
Changed: Oct 20
Last Checked: Oct 20 at 8:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Diaz Commercial
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Investment Insights
Based on property information with market context.
This industrial outdoor storage facility is built for contractor, fleet, and equipment-based operations, with a fenced and immediately usable storage yard. The site includes a total of three parcels with a 6,500 SF industrial building, along with covered outdoor work/storage and additional on-site auxiliary storage structures.
The property features dual access from SW 187th Terrace and SW 188th Street, providing front and rear ingress/egress for operational flexibility. Loading includes both dock-high and grade-level configurations, and the facility offers 18’–20’ clear heights. The warehouse/office building includes 3,500 SF of warehouse space and 3,000 SF of two-story office.
Outdoor improvements include a 1,500 SF covered outdoor work/storage area. The property is offered vacant for immediate occupancy or lease-up, and zoning permits outdoor storage and storage yard use, supporting a wide range of industrial applications.
The property features dual access from SW 187th Terrace and SW 188th Street, providing front and rear ingress/egress for operational flexibility. Loading includes both dock-high and grade-level configurations, and the facility offers 18’–20’ clear heights. The warehouse/office building includes 3,500 SF of warehouse space and 3,000 SF of two-story office.
Outdoor improvements include a 1,500 SF covered outdoor work/storage area. The property is offered vacant for immediate occupancy or lease-up, and zoning permits outdoor storage and storage yard use, supporting a wide range of industrial applications.
Key Highlights
- Industrial outdoor storage facility on a ~30,000 SF assemblage across 3 parcels (built in 1983).
- Fully fenced, immediately usable outdoor storage yard with dual access from SW 187th Terrace and SW 188th Street.
- 6,500 SF industrial building includes 3,500 SF warehouse space and 3,000 SF two‑story office.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,732
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,074,640
$2.1M
Cap Rate 7%
$1,481,886
$1.5M
Cap Rate 9%
$1,152,578
$1.2M
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$171.6K $26.40/SF
− Vacancy
−$12.0K −$1.85/SF
EGI
$159.6K $24.55/SF
− OpEx
−$55.9K −$8.59/SF
NOI
$103.7K $15.96/SF
Area
ZIP 33157
Vacancy
7.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,074,640
Cap Rate 7%
$1,481,886
Cap Rate 9%
$1,152,578
Alternative Uses
Best Use
Flex RnD
$1.48M
$1.30M – $1.73M
NOI $103,732 @ 7.0% cap · market cap 2.97%
Second Best
Warehouse
$1.22M
$1.07M – $1.42M
NOI $85,209 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $230,841 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
20 ft
Clear height
Yes
Heavy power
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,530
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33157, FL
68,069
Population
23,176
Households
2.9
Avg Household Size
42
Median Age
33%
College-Educated
86%
High-School Grad
14.9 sq mi
ZIP Area
4,568
Density / Sq Mi
$80,364
Median Household Income
$38,803
Median Earnings
$1,493
Median Rent
$478,300
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Dade County Corporate Catering — 19151 SW 108th Ave UNIT 29, Miami, FL 33157
- Mangu-Mangu Catering & Takeout — 19100 SW 106th Ave #23, Cutler Bay, FL 33157
- Delicious Catering Services — 10871 SW 188th St, Miami, FL 33157
- MyFloridaTag — 18655 S Dixie Hwy, Cutler Bay, FL 33157
- Ricardo Catering and Services — 10455 SW 185th Terrace, Miami, FL 33157
Frequently Asked Questions
What type of property is this?
Flex space - Fully fenced outdoor storage yard with dual access, a warehouse and two-story office, plus covered work areas and auxiliary structures.
Where is this flex space located?
The property is located at 10460 Southwest 187th Terrace Cutler Bay, FL.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: Industrial outdoor storage facility on a ~30,000 SF assemblage across 3 parcels (built in 1983).; Fully fenced, immediately usable outdoor storage yard with dual access from SW 187th Terrace and SW 188th Street.; 6,500 SF industrial building includes 3,500 SF warehouse space and 3,000 SF two‑story office.
