Automotive Service Garage with 12
For Sale
$1,100,000
11951 SW 144th Ct Unit 4 & 5, Miami, FL 33186
Combined Units 4 and 5 create a vehicle-capacity garage with an included European diagnostic and repair business.
Property Size3,000 SF
Price / SF$366.67
Days on Market69
Property Features for 11951 SW 144th Ct Unit 4 & 5
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Industrial
Additional Details
Business Included
Yes
Service Bays
12
Amenities
Square Feet: 3000, Features: Other Location, In Residential Area
Sewer: Public Sanitation
Parcel Number: 30-59-10-045-0320, Tax Legal Description: ADRIANBUILDERS AT TAMIAMI AIRPORT COMMERCE CENTER CONDO UNIT 5 BLDG 11951 UNDIV 2.777% INT IN COMMON ELEMENTS OFF REC 23526-3016 COC 24589-3
Flooring: Concrete
Heating: Central Electric
Business Type: Industrial, Office/Warehouse Combination, Special Listing Conditions: Sale, Standard Status: Active
Parking Total: 4
Construction Materials: Concrete Block Construction, Precast Construction, Stories: 1, Year Built: 2002, Building Area Total: 3000, Building Features: City Licenses, Common Walls: End Unit, Structure Type: Office/Warehouse Combination, Warehouse, Industrial
County Or Parish: Miami-Dade County, Unit Number: 4 & 5
Current Use: Special Purpose, Leasable Area Units: Square Feet
Inclusions: Building & Land,Business,License, Equipment,Inventory,License,Machinery
Water Source: Public
Features: Security System
Fee: $537, Fee Frequency: Monthly
Building Details
Year Built
2002
Listing Agency:
The Valenzuela Real Estate Group
(786) 278-7313
Listed By:
Deborah Lom Bautista · License #3085829
(786) 278-7313
Source:
Riserealty
Added: Jun 23
Changed: Aug 28
Last Checked: Aug 29 at 9:12AM
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 includes two combined commercial units, with Units 4 and 5 joined into a single space that has capacity for 12 vehicles. The sale also includes Miami Auto Help, Inc., a diagnostic and European auto repair business with close to 25 years of operating history.
All licenses and permits are stated to be current and transferable with the sale. Goodwill, equipment, branding, and the established client base are also described as transferring to the new owner.
Showings are available by appointment only, and the business and employees should not be disturbed.
All licenses and permits are stated to be current and transferable with the sale. Goodwill, equipment, branding, and the established client base are also described as transferring to the new owner.
Showings are available by appointment only, and the business and employees should not be disturbed.
Key Highlights
- Year built 2002 with Units 4 and 5 combined into a single 3,000 SF commercial space
- Capacity for 12 vehicles in the joined Units 4 and 5 garage layout
- Included business: Miami Auto Help, Inc., a European auto repair and diagnostic shop with close to 25 years of operating history
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
$72,222
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
6.57%
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%
$1,444,440
$1.4M
Cap Rate 7%
$1,031,743
$1.0M
Cap Rate 9%
$802,467
$802.5K
Market Conditions
NOI Build-Up for 3,000 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
$123.1K $41.04/SF
− Vacancy
−$19.9K −$6.65/SF
EGI
$103.2K $34.39/SF
− OpEx
−$31.0K −$10.32/SF
NOI
$72.2K $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%
$1,444,440
Cap Rate 7%
$1,031,743
Cap Rate 9%
$802,467
Alternative Uses
Best Use
Retail
$1.03M
$902.8K – $1.20M
NOI $72,222 @ 7.0% cap · market cap 6.57%
Second Best
Industrial
$575.8K
$503.8K – $671.7K
NOI $40,304 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,676 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Service bays
Turnkey business
Opportunity
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
Market
Vacancy Rate% for Retail in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Combined Units 4 and 5 create a vehicle-capacity garage with an included European diagnostic and repair business.
Where is this auto shop located?
The property is located at 11951 SW 144th Ct Unit 4 & 5 Miami, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Year built 2002 with Units 4 and 5 combined into a single 3,000 SF commercial space; Capacity for 12 vehicles in the joined Units 4 and 5 garage layout; Included business: Miami Auto Help, Inc., a European auto repair and diagnostic shop with close to 25 years of operating history
