Air-Conditioned Warehouse and Office
For Sale
$405,000
10871 SW 188th St 12, Cutler Bay, FL 33157
Air-conditioned warehouse and office with high ceilings and parking.
Property Size1,158 SF
Price / SF$349.74
Days on Market318
Property Features for 10871 SW 188th St 12
General Information
Standard status
Active
Size
1,158 SF
Building Details
Year Built
2006
Listing Agency:
Intelliagents Realty, LLC
Listed By:
Amanda Diaza-Hernandez
(305) 972-5528
Source:
Chenoregroup
Added: Nov 28, 2025
Changed: Oct 3
Last Checked: Oct 11 at 11:16AM
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 Intelliagents Realty, LLC
Investment Insights
Based on property information with market context.
This property features air-conditioned office and warehouse space, both under air conditioning. The building includes new floors and a twin-T concrete roof. The warehouse has a 21-foot ceiling height. Two assigned parking spaces are located in front of the warehouse, with additional visitor parking spaces available throughout the property. The building is centrally located with access to the Florida Turnpike, Eureka Drive, and US1. The property is primarily owner-user occupied. Automotive or agricultural uses are not permitted.
Key Highlights
- Air‑conditioned office and warehouse, all under AC
- Central location with easy access to Florida Turnpike, Eureka Drive, and US1
- Impressive 21‑foot ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,180
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,600
$303.6K
Cap Rate 7%
$216,857
$216.9K
Cap Rate 9%
$168,667
$168.7K
Market Conditions
NOI Build-Up for 1,158 SF
Gross rent
$18.9K $16.32/SF
− Vacancy
−$1.0K −$0.90/SF
EGI
$17.9K $15.42/SF
− OpEx
−$2.7K −$2.31/SF
NOI
$15.2K $13.11/SF
Area
ZIP 33157
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,600
Cap Rate 7%
$216,857
Cap Rate 9%
$168,667
Alternative Uses
Best Use
Warehouse
$216.9K
$189.8K – $253.0K
NOI $15,180 @ 7.0% cap · market cap 3.75%
Second Best
Industrial
$178.6K
$156.3K – $208.4K
NOI $12,501 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$587.5K
$514.1K – $685.4K
NOI $41,125 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
Balanced
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Air-conditioned warehouse and office with high ceilings and parking.
Where is this warehouse located?
The property is located at 10871 SW 188th St 12 Cutler Bay, FL.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Air‑conditioned office and warehouse, all under AC; Central location with easy access to Florida Turnpike, Eureka Drive, and US1; Impressive 21‑foot ceiling height
