Building Details

Building Size 1,220 SF

Year Built 1984

Listing Agency: Hamilton Realty Inc

Listed By: Hector Aragon · License #0616356 Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Sep 24 Last Checked: Oct 7 at 1:59PM

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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 Hamilton Realty Inc

Investment Insights

Based on property information with market context.

This 1,220 square foot flex space warehouse is located in a desirable industrial area of Miami, offering convenient access to SR 826, US-41, and the Florida Turnpike. The property is situated minutes from Tamiami Airport. The unit features 18-foot ceilings and is suitable for various uses, including storage, distribution, light manufacturing, or service businesses. This property is ideal for owner occupants or as an investment. The space can be customized to meet specific needs, whether for expanding operations or launching a new venture.

Key Highlights

• Prime Location: Situated in a highly desirable Miami industrial area
• High Ceilings: Features 18' ceilings
• Versatile Flex Space: Suitable for storage, distribution, light manufacturing, or service businesses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,902

Cap Rate

5.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$398,040 $398.0K

Cap Rate 7%

$284,314 $284.3K

Cap Rate 9%

$221,133 $221.1K

Market Conditions

NOI Build-Up for 1,220 SF

Gross rent

$24.6K $20.16/SF

− Vacancy

−$1.2K −$0.97/SF

EGI

$23.4K $19.19/SF

− OpEx

−$3.5K −$2.88/SF

NOI

$19.9K $16.31/SF

Area

ZIP 33186

Vacancy

4.80%

Lease Rate

$20.16 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$398,040

Cap Rate 7%

$284,314

Cap Rate 9%

$221,133

Alternative Uses

Best Use

Warehouse

$284.3K

$248.8K – $331.7K (±1% cap)

NOI $19,902 @ 7.0% cap · market cap 5.53%

Second Best

Flex RnD

$281.1K

$246.0K – $328.0K (±1% cap)

NOI $19,679 @ 7.0% cap · market cap 5.47%

Theoretical Best

Office A

$666.2K

$582.9K – $777.3K (±1% cap)

NOI $46,635 @ 7.0% cap · market cap 12.95%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Hotel & Motel (Bike/Boat/Book/etc) Store Nursing Home Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,811

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 Industrial in Miami, FL

4.1% 2019

4.6% 2020

2.2% 2021

1.6% 2022

2.4% 2023

5.7% 2024

6.5% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• NVS Moving & Storage — 13370 SW 131st St, Miami, FL 33186
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• A+ Mini Storage — 12855 sw 136th ave, miami, fl 33186
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Frequently Asked Questions

What type of property is this?

Warehouse - 1,220 SF warehouse in desirable industrial area near airport.

Where is this warehouse located?

The property is located at 12119 SW 131st Ave Miami, FL.

What is the asking price?

The asking price for this property is $360,000.

What are key features of this property?

This property features: Prime Location: Situated in a highly desirable Miami industrial area; High Ceilings: Features 18' ceilings; Versatile Flex Space: Suitable for storage, distribution, light manufacturing, or service businesses