Multi-Tenant Industrial Property For
For Sale
Contact for pricing
10401-10409 SW 186th St, Cutler Bay, FL
17,734 SF industrial property with flexible layout and month-to-month leases.
Property Size17,734 SF
Lot Size0.44 Acres
Price / SF$228.37
Days on Market674
Property Features for 10401-10409 SW 186th St
General Information
Standard status
Active
Size
17,734 SF
Lot size
0.44 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Kaizen Realty Partners, LLC
Listed By:
Dante Aleman · License #0697870
(305) 500-5554
Source:
Moodyscre
Added: Dec 10, 2024
Changed: Oct 13
Last Checked: Oct 15 at 12:38AM
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 Kaizen Realty Partners, LLC
Investment Insights
Based on property information with market context.
This is a 17,734 square foot multi-tenant industrial property constructed in 1983 and zoned for industrial use. The building features a flexible layout with ceiling heights ranging from 16 to 20 feet. The exterior consists of painted concrete block, stucco, and brick walls, complemented by a roof with a built-up cover over concrete tees and a barrel tile mansard. The property includes street-level loading facilitated by four overhead rolling doors. A central air-conditioning system serves the restaurant and office area. There are 19 paved parking spaces available. Lighting is provided by a combination of fluorescent and recessed lights. The property is well-maintained, featuring an asphalt-paved parking and loading area. Additional features include a billboard and high traffic count. The property is divided into five units, all currently occupied under month-to-month leases.
Key Highlights
- Pro‑Forma CAP Rate of 7.98%
- 17,734 SF multi‑tenant industrial property
- 100% month‑to‑month occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$232,476
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,649,520
$4.6M
Cap Rate 7%
$3,321,086
$3.3M
Cap Rate 9%
$2,583,067
$2.6M
Market Conditions
NOI Build-Up for 17,734 SF
Gross rent
$289.4K $16.32/SF
− Vacancy
−$15.9K −$0.90/SF
EGI
$273.5K $15.42/SF
− OpEx
−$41.0K −$2.31/SF
NOI
$232.5K $13.11/SF
Area
Miami-Dade County, FL
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%
$4,649,520
Cap Rate 7%
$3,321,086
Cap Rate 9%
$2,583,067
Alternative Uses
Best Use
Flex RnD
$5.57M
$4.88M – $6.50M
NOI $390,077 @ 7.0% cap · market cap 9.63%
Second Best
Warehouse
$3.32M
$2.91M – $3.87M
NOI $232,476 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$9.00M
$7.87M – $10.50M
NOI $629,804 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,733
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - 17,734 SF industrial property with flexible layout and month-to-month leases.
Where is this flex space located?
The property is located at 10401-10409 SW 186th St Cutler Bay, FL.
What is the asking price?
The asking price for this property is $4,050,000.
What are key features of this property?
This property features: Pro‑Forma CAP Rate of 7.98%; 17,734 SF multi‑tenant industrial property; 100% month‑to‑month occupancy
