For Sale
Contact for pricing
Pending
12150 SW 128th Ct #231, Miami, FL 33186
Office Units
Property Size320 SF
Days on Market121
Property Features for 12150 SW 128th Ct #231
General Information
Standard status
Pending
Size
320 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
320 SF
Year Built
2007
Stories
2
Listing Agency:
Coldwell Banker Realty
Listed By:
Michael Elbilia · License #A12011466
(305) 305-6091
Source:
Elliman
Added: Jul 4
Changed: Oct 31
Last Checked: Nov 1 at 7:58AM
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 Coldwell Banker Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Key Highlights
- Office space sublease available; built in 2007
- Includes conference rooms
- Kitchen located downstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,208
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,160
$204.2K
Cap Rate 7%
$145,829
$145.8K
Cap Rate 9%
$113,422
$113.4K
Market Conditions
NOI Build-Up for 320 SF
Gross rent
$16.0K $50.04/SF
− Vacancy
−$2.4K −$7.51/SF
EGI
$13.6K $42.53/SF
− OpEx
−$3.4K −$10.63/SF
NOI
$10.2K $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%
$204,160
Cap Rate 7%
$145,829
Cap Rate 9%
$113,422
Alternative Uses
Best Use
Office B
$145.8K
$127.6K – $170.1K
NOI $10,208 @ 7.0% cap · market cap 729.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$174.7K
$152.9K – $203.9K
NOI $12,232 @ 7.0% cap · market cap 873.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,524
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
Where is this office unit located?
The property is located at 12150 SW 128th Ct #231 Miami, FL.
What are key features of this property?
This property features: Office space sublease available; built in 2007; Includes conference rooms; Kitchen located downstairs
