Warehouse-Office Flex
For Sale
$650,000
12211 SW 131st Ave, Miami, FL 33186
The condo pairs warehouse area with dedicated office space near Tamiami Airport.
Property Size2,192 SF
Price / SF$296.53
Days on Market12
Property Features for 12211 SW 131st Ave
General Information
Standard status
Active
Size
2,192 SF
Property subtype
Industrial
Amenities
Square Feet: 2192
Parcel Number: 30-59-14-002-0060, Tax Annual Amount: $6,413, Tax Legal Description: KENDALL CROSSING WH CENTER CONDO UNIT A-6 UNDIV 6.25% INT IN COMMON ELEMENTS OFF REC 11287-817 OR 11760-1905 0483 1, Tax Year: 2025
Business Type: Industrial, Warehouse Space, Special Listing Conditions: Sale, Standard Status: Active
Year Built: 1981, Building Area Total: 2192, Structure Type: Industrial
County Or Parish: Miami-Dade County
Current Use: Industrial, Leasable Area Units: Square Feet
Fee: $677, Fee Frequency: Monthly
Building Details
Year Built
1981
Listing Agency:
Avenew Realty Corp
(786) 888-0198
Listed By:
Luciana Ziccardi
(786) 968-3490
Source:
Riserealty
Added: Oct 2
Changed: Oct 13
Last Checked: Oct 12 at 8:21PM
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 Avenew Realty Corp
Investment Insights
Based on property information with market context.
This 2,192-square-foot flex condo combines warehouse and office space in a single property. The building dates to 1981.
Located at 12211 SW 131st Ave in Miami, the property is near Tamiami Airport.
Located at 12211 SW 131st Ave in Miami, the property is near Tamiami Airport.
Key Highlights
- 2,192‑square‑foot warehouse‑office condo
- Warehouse and office areas in one flex‑space property
- Near Tamiami Airport in Miami
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,759
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,180
$715.2K
Cap Rate 7%
$510,843
$510.8K
Cap Rate 9%
$397,322
$397.3K
Market Conditions
NOI Build-Up for 2,192 SF
Gross rent
$44.2K $20.16/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$42.1K $19.19/SF
− OpEx
−$6.3K −$2.88/SF
NOI
$35.8K $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%
$715,180
Cap Rate 7%
$510,843
Cap Rate 9%
$397,322
Alternative Uses
Best Use
Warehouse
$510.8K
$447.0K – $596.0K
NOI $35,759 @ 7.0% cap · market cap 5.50%
Second Best
Flex RnD
$505.1K
$442.0K – $589.3K
NOI $35,358 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,790 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,811
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Miami, FL
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Similar Off Market Nearby
- Maxwell Catering — 12985 SW 130th Ct, Miami, FL 33186
- The Great Rome — 12701 SW 137th Ave, Miami, FL 33186
- Food by DN Corp — 12350 SW 132nd Ct #105, Miami, FL 33186
- The Pickled Beet Miami Personal Chef — 12276 SW 131st Ave, Miami, FL 33186
Frequently Asked Questions
What type of property is this?
Flex space - The condo pairs warehouse area with dedicated office space near Tamiami Airport.
Where is this flex space located?
The property is located at 12211 SW 131st Ave Miami, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,192‑square‑foot warehouse‑office condo; Warehouse and office areas in one flex‑space property; Near Tamiami Airport in Miami
