Industrial Warehouse Condo with Auto
For Sale
Contact for pricing
11950 Southwest 144th Court, Miami, FL 33186
Turnkey industrial condo with drive-in access and capacity for up to eight vehicles, sold together with an operating auto repair business.
Property Size1,160 SF
Price / SF$646.55
Days on Market57
Property Features for 11950 Southwest 144th Court
General Information
Standard status
Active
Size
1,160 SF
Class
B
Total Parking Spaces
2
Property subtype
Industrial
Zoning
7700
Additional Details
Business Included
Yes
Highway Access
Yes
Service Bays
8
Building Details
Year Built
2002
Buildings
1
Listing Agency:
The Valenzuela Real Estate Group
(305) 610-1489
Listed By:
Debi Lom · License #3536703
Source:
Crexi
Added: Jun 17
Changed: Aug 7
Last Checked: Aug 12 at 11:23AM
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 The Valenzuela Real Estate Group
Investment Insights
Based on property information with market context.
This offering combines a fully equipped commercial warehouse condo with an established auto repair business, sold together in a single transaction. The 1,160 SF condo includes drive-in access and capacity for up to eight vehicles, suited for continued automotive use or conversion to another permitted operation. The property is zoned IU-1 (Industrial, Light Manufacturing) under Miami-Dade County code, a versatile designation that supports uses including auto repair, warehousing, distribution, light manufacturing, fabrication, and detailing. Licenses and permits are current and described as fully transferable. The sale also includes the real estate, business goodwill, equipment, branding, and client base for a turnkey transition.
The property is positioned next to Tamiami Airport and is minutes from the Florida Turnpike, providing strong accessibility for customers and deliveries. It is located within one of Miami-Dade’s active industrial corridors, surrounded by Kendall, Westchester, and Sweetwater.
For an owner-operator, this configuration offers immediate operating capability with on-site equipment and an existing auto repair platform. For an investor, the package is structured as a protected, turnkey business-and-real-estate acquisition with the ability to continue operations under the property’s existing approvals and permits, subject to applicable requirements.
The property is positioned next to Tamiami Airport and is minutes from the Florida Turnpike, providing strong accessibility for customers and deliveries. It is located within one of Miami-Dade’s active industrial corridors, surrounded by Kendall, Westchester, and Sweetwater.
For an owner-operator, this configuration offers immediate operating capability with on-site equipment and an existing auto repair platform. For an investor, the package is structured as a protected, turnkey business-and-real-estate acquisition with the ability to continue operations under the property’s existing approvals and permits, subject to applicable requirements.
Key Highlights
- 1,160 SF commercial warehouse condo built in 2002 with drive‑in access and capacity for up to 8 vehicles
- Offered as a single transaction with a fully equipped, operating auto repair business and goodwill
- Auto repair business has 25 years in operation with current, fully transferable licenses and permits
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
$27,926
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
3.72%
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%
$558,520
$558.5K
Cap Rate 7%
$398,943
$398.9K
Cap Rate 9%
$310,289
$310.3K
Market Conditions
NOI Build-Up for 1,160 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
$47.6K $41.04/SF
− Vacancy
−$7.7K −$6.65/SF
EGI
$39.9K $34.39/SF
− OpEx
−$12.0K −$10.32/SF
NOI
$27.9K $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%
$558,520
Cap Rate 7%
$398,943
Cap Rate 9%
$310,289
Alternative Uses
Best Use
Retail
$398.9K
$349.1K – $465.4K
NOI $27,926 @ 7.0% cap · market cap 3.72%
Second Best
Warehouse
$270.3K
$236.6K – $315.4K
NOI $18,924 @ 7.0% cap · market cap 2.52%
Theoretical Best
Office A
$633.4K
$554.3K – $739.0K
NOI $44,341 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Service bays
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,223
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
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 - Turnkey industrial condo with drive-in access and capacity for up to eight vehicles, sold together with an operating auto repair business.
Where is this auto shop located?
The property is located at 11950 Southwest 144th Court Miami, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,160 SF commercial warehouse condo built in 2002 with drive‑in access and capacity for up to 8 vehicles; Offered as a single transaction with a fully equipped, operating auto repair business and goodwill; Auto repair business has 25 years in operation with current, fully transferable licenses and permits
