Industrial Warehouse with Drive-In
For Sale
$750,000
11950 SW 144th Ct Unit 3, Miami, FL 33186
IU-1 industrial zoning supports a range of industrial and commercial uses, with drive-in access and on-site vehicle capacity.
Property Size1,400 SF
Price / SF$535.71
Days on Market47
Property Features for 11950 SW 144th Ct Unit 3
General Information
Standard status
Active
Size
1,400 SF
Zoning
IU-1
Additional Details
Highway Access
Yes
Clear Height
18 ft
Amenities
18-foot clear ceilings
drive-in access
Building Details
Year Built
2002
Tenancy
Single
Listing Agency:
The Valenzuela Real Estate Group
Listed By:
Deborah Lom Bautista, Miguel Mino
Source:
Thepennteam
Added: Sep 6
Changed: Oct 16
Last Checked: Oct 7 at 5:43PM
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
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Investment Insights
Based on property information with market context.
This warehouse was built in 2002 and features 18-foot clear ceilings, drive-in access, and room for up to 8 vehicles. IU-1 industrial zoning supports a variety of industrial and commercial uses. The property is currently occupied by a European auto repair business, which may be acquired separately or together with the real estate.
The property is located near Tamiami Airport with immediate access to the Florida Turnpike. Showings are available by appointment, and the operating business should not be disturbed.
The property is located near Tamiami Airport with immediate access to the Florida Turnpike. Showings are available by appointment, and the operating business should not be disturbed.
Key Highlights
- 18‑foot clear ceiling height
- Drive‑in access for warehouse operations
- Space for up to 8 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,704
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,080
$674.1K
Cap Rate 7%
$481,486
$481.5K
Cap Rate 9%
$374,489
$374.5K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$57.5K $41.04/SF
− Vacancy
−$9.3K −$6.65/SF
EGI
$48.1K $34.39/SF
− OpEx
−$14.4K −$10.32/SF
NOI
$33.7K $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 Rate 5%
$674,080
Cap Rate 7%
$481,486
Cap Rate 9%
$374,489
Alternative Uses
Best Use
Retail
$481.5K
$421.3K – $561.7K
NOI $33,704 @ 7.0% cap · market cap 4.49%
Second Best
Warehouse
$326.3K
$285.5K – $380.7K
NOI $22,839 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$764.5K
$668.9K – $891.9K
NOI $53,515 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
18 ft
Clear height
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
934
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Warehouse - IU-1 industrial zoning supports a range of industrial and commercial uses, with drive-in access and on-site vehicle capacity.
Where is this warehouse located?
The property is located at 11950 SW 144th Ct Unit 3 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: 18‑foot clear ceiling height; Drive‑in access for warehouse operations; Space for up to 8 vehicles
