Office
For Sale
Contact for pricing
12039 SW 132nd Ct # 1 Unit 34-1, Miami, FL 33186
Approximately 200 SF of office space includes utilities and internet service.
Property Size40,000 SF
Price / SF$0.02
Days on Market14
Property Features for 12039 SW 132nd Ct # 1 Unit 34-1
General Information
Standard status
Active
Size
40,000 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Office
Building Details
Building Size
40,000 SF
Year Built
2008
Listing Agency:
Berkshire Hathaway HomeServices
Listed By:
Elena Kemper Group
Source:
Elenakempergroup
Added: Oct 14
Changed: Oct 27
Last Checked: Oct 27 at 4:42AM
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 Berkshire Hathaway HomeServices
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit offers approximately 200 SF of space in a building constructed in 2008. Utilities and internet service are included.
The property fronts SW 120 St, just west of the Turnpike exit. London Square, where Costco is located, is next to the building.
The property fronts SW 120 St, just west of the Turnpike exit. London Square, where Costco is located, is next to the building.
Key Highlights
- Approximately 200 SF of office space
- Utilities and internet service included
- Building constructed in 2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,276,020
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,520,400
$25.5M
Cap Rate 7%
$18,228,857
$18.2M
Cap Rate 9%
$14,178,000
$14.2M
Market Conditions
NOI Build-Up for 40,000 SF
Gross rent
$2.00M $50.04/SF
− Vacancy
−$300.2K −$7.51/SF
EGI
$1.70M $42.53/SF
− OpEx
−$425.3K −$10.63/SF
NOI
$1.28M $31.90/SF
Area
ZIP 33186
Vacancy
15.00%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,520,400
Cap Rate 7%
$18,228,857
Cap Rate 9%
$14,178,000
Alternative Uses
Best Use
Office B
$18.23M
$15.95M – $21.27M
NOI $1,276,020 @ 7.0% cap · market cap 134,317.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$21.84M
$19.11M – $25.48M
NOI $1,529,011 @ 7.0% cap · market cap 160,948.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,789
Businesses Nearby
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 Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Approximately 200 SF of office space includes utilities and internet service.
Where is this office unit located?
The property is located at 12039 SW 132nd Ct # 1 Unit 34-1 Miami, FL.
What are key features of this property?
This property features: Approximately 200 SF of office space; Utilities and internet service included; Building constructed in 2008
