Automotive-Zoned Warehouse Condo
12-12459 Sw 130th Street Miami, FL 33186
For Sale
$1,250,000
Three contiguous industrial warehouse condos totaling 2,361 SF, equipped for a working body shop with roll-up loading doors and 12-ft ceilings.
Property Size2,361 SF
Price / SF$529.44
Days on Market9
Property Features for 12-12459 Sw 130th Street
General Information
- Standard status
- Active
- Size
- 2,361 SF
Listing Agency:
BHHS EWM Realty
(305) 894-6637
Listed By:
Carlos R Olivares · License #3051724
(305) 894-6637
Source:
Exprealty
Added: Jul 15
Changed: Jul 22
Last Checked: Jul 23 at 11:01AM
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 BHHS EWM Realty
Investment Insights
Based on property information with market context.
Three contiguous industrial warehouse condominium units are offered together within Devonaire Commercial Center IV. The space is fully equipped for a working body shop, including a paint booth, three compressors, and set-up and pull (frame) machinery, along with tent and storage equipment and associated materials and paint. Built as a single-story concrete block structure with concrete roof and floors, the units feature 12-ft ceilings and roll-up loading doors, with access from both sides of the building.
The property is located in a commercial condo park still zoned for automotive use. The fenced complex includes a nightly security gate, and there are 15 assigned parking spaces (5 per unit) with additional spaces available. HOA dues are $120 per month per unit and cover water, trash, insurance, landscaping, outside lighting, and bookkeeping. The location provides quick access to SR 874 and the Florida Turnpike, and Miami Executive Airport is about 1 mile away.
The property is located in a commercial condo park still zoned for automotive use. The fenced complex includes a nightly security gate, and there are 15 assigned parking spaces (5 per unit) with additional spaces available. HOA dues are $120 per month per unit and cover water, trash, insurance, landscaping, outside lighting, and bookkeeping. The location provides quick access to SR 874 and the Florida Turnpike, and Miami Executive Airport is about 1 mile away.
Key Highlights
- Three contiguous industrial warehouse condo units (#8, #9, #12) totaling 2,361 SF within Devonaire Commercial Center IV
- Automotive‑repair use supported by current zoning, with the condos fully equipped as a working body shop
- Body shop equipment included: professional paint booth, 3 compressors, set‑up and pull (frame) machinery, tent and storage equipment, materials and paint
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 | $96.9k | $41.04 |
| − Vacancy | −$15.7k | −$6.65 |
| EGI | $81.2k | $34.39 |
| − OpEx | −$24.4k | −$10.32 |
| NOI | $56.8k | $24.07 |
2,361 SF · lease $41.04/SF/yr · vacancy 16.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$812.0K
$710.5K – $947.3K
NOI $56,839 @ 7.0% cap · market cap 4.55%
Second Best
Warehouse
$550.2K
$481.5K – $641.9K
NOI $38,516 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,250 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- Advance Auto Tech — 12045 NW 7th Ave, North Miami, FL 33168
- Mc Knight Auto Repairs & Auto — 685 NW 121st St, North Miami, FL 33168
- A-1 Quality Tires — 12040 nw 7th ave, north miami, fl 33168
- Aaction Transmissions — 12045 NW 7th Ave, North Miami, FL 33168
- Global Auto Repair — 12065 NW 7th Ave, Miami, FL 33168
FAQs
What type of property is this?
Auto shop - Three contiguous industrial warehouse condos totaling 2,361 SF, equipped for a working body shop with roll-up loading doors and 12-ft ceilings.
Where is this auto shop located?
The property is located at 12-12459 Sw 130th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three contiguous industrial warehouse condo units (#8, #9, #12) totaling 2,361 SF within Devonaire Commercial Center IV; Automotive‑repair use supported by current zoning, with the condos fully equipped as a working body shop; Body shop equipment included: professional paint booth, 3 compressors, set‑up and pull (frame) machinery, tent and storage equipment, materials and paint
