Warehouse Condo with Drive-In
11950 SW 144th Court Miami, FL 33186
11950 SW 144th Court, Miami, FL, 33186
$350,000
For Sale
$350,000
Fully equipped warehouse condo with drive-in access and room for up to eight vehicles, plus an established auto repair shop.
Property Size1,160 SF
Price / SF$301.72
Days on Market36
Property Features for 11950 SW 144th Court
General Information
- Standard status
- Active
- Size
- 1,160 SF
- Property subtype
- Business Opportunity
Building Details
- Year Built
- 2002
Listing agency
The Valenzuela Real Estate Group
(786) 278-7313
Listed by
Deborah Lom Bautista · License #R11165434
(786) 278-7313
Source
Lehmannflorida
Added: Jun 17 Updated: Jul 22 at 11:39AM Checked: Jul 22 at 11:39AM
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 commercial warehouse condo is offered fully equipped with drive-in access and room for up to eight vehicles. The transaction includes an established auto repair operation that has been in business for 25 years, along with the current licenses and permits, which transfer with the sale.
The property is zoned IU-1 (Industrial, Light Manufacturing). It is located next to Tamiami Airport and seconds from the Florida Turnpike, providing convenient access for automotive service and warehouse-style use.
Showings are by appointment only, and the business is operating; please do not disturb employees or disrupt day-to-day operations.
The property is zoned IU-1 (Industrial, Light Manufacturing). It is located next to Tamiami Airport and seconds from the Florida Turnpike, providing convenient access for automotive service and warehouse-style use.
Showings are by appointment only, and the business is operating; please do not disturb employees or disrupt day-to-day operations.
Key Highlights
- Commercial warehouse condo built in 2002 with drive‑in access
- Zoned IU‑1 (Industrial, Light Manufacturing)
- Includes an established auto repair shop that has operated for 25 years
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.6k | $41.04 |
| − Vacancy | −$7.7k | −$6.65 |
| EGI | $39.9k | $34.39 |
| − OpEx | −$12.0k | −$10.32 |
| NOI | $27.9k | $24.07 |
1,160 SF · lease $41.04/SF/yr · vacancy 16.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$398.9K
$349.1K – $465.4K
NOI $27,926 @ 7.0% cap · market cap 7.98%
Second Best
Warehouse
$270.3K
$236.6K – $315.4K
NOI $18,924 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$633.4K
$554.3K – $739.0K
NOI $44,341 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Labels for Us
(Bike/Boat/Book/etc) Store
Tuned Autoworks
Hardware & Home Improvement
Similar For Sale Nearby
Similar Off Market Nearby
- Upick Caterers - Catering Services in Miami — West Kendall, 14271 SW 120th St Ste 108, Miami, FL 33186
- The Great Rome — 12701 SW 137th Ave, Miami, FL 33186
FAQs
What type of property is this?
Flex space - Fully equipped warehouse condo with drive-in access and room for up to eight vehicles, plus an established auto repair shop.
Where is this flex space located?
The property is located at 11950 SW 144th Court Miami, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Commercial warehouse condo built in 2002 with drive‑in access; Zoned IU‑1 (Industrial, Light Manufacturing); Includes an established auto repair shop that has operated for 25 years
