Office-Warehouse Flex
For Sale
$355,000
12100 132nd Ct, Miami, FL 33186
Condominium unit combining dedicated office space with warehouse functionality and a grade-level roll-up door.
Property Size1,059 SF
Price / SF$335.22
Days on Market12
Property Features for 12100 132nd Ct
General Information
Standard status
Active
Size
1,059 SF
Property subtype
General Commercial
Zoning
I-U-C
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Amenities
3
Building Details
Year Built
2005
Listing Agency:
IRG Corporation
(786) 342-4897
Listed By:
Jose Isaza · License #3380390
(786) 342-4897
Source:
Xome
Added: Jul 26
Changed: Aug 5
Last Checked: Aug 6 at 4:32AM
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 IRG Corporation
Investment Insights
Based on property information with market context.
This 1,059-square-foot flex condominium combines office and warehouse areas within a practical industrial layout. The unit was built in 2005 and offers approximately 18–20 feet of clear ceiling height, along with a grade-level roll-up door for loading access. Its configuration can accommodate office, storage, showroom, distribution, and light manufacturing functions identified in the property information.
The property is located within Tamiami Pineland Commercial Center in Kendall, with access to the Florida Turnpike and SR-874, also known as the Don Shula Expressway. Miami Executive Airport is also nearby. The combination of office improvements, warehouse capacity, and regional transportation access supports both owner-user and investment-oriented industrial occupancy.
The property is located within Tamiami Pineland Commercial Center in Kendall, with access to the Florida Turnpike and SR-874, also known as the Don Shula Expressway. Miami Executive Airport is also nearby. The combination of office improvements, warehouse capacity, and regional transportation access supports both owner-user and investment-oriented industrial occupancy.
Key Highlights
- 1,059 SF office/warehouse condominium
- Approximately 18‑20' clear ceiling height
- Grade‑level roll‑up door
Financial Insights For Warehouse
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 | $21.3k | $20.16 |
| − Vacancy | −$1.0k | −$0.97 |
| EGI | $20.3k | $19.19 |
| − OpEx | −$3.0k | −$2.88 |
| NOI | $17.3k | $16.31 |
1,059 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$482.6K
$422.3K – $563.1K
NOI $33,783 @ 7.0% cap · market cap 9.52%
Second Best
Warehouse
$246.8K
$216.0K – $287.9K
NOI $17,276 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$578.3K
$506.0K – $674.7K
NOI $40,481 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,641
Businesses Nearby
Balanced
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 Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Condominium unit combining dedicated office space with warehouse functionality and a grade-level roll-up door.
Where is this flex space located?
The property is located at 12100 132nd Ct Miami, FL.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 1,059 SF office/warehouse condominium; Approximately 18‑20' clear ceiling height; Grade‑level roll‑up door
