Flex Space with Second-Floor
12324 SW 132nd Ct B-5, Miami, FL 33186
For Sale
New
$399,900
A partially finished interior includes tile flooring downstairs and separate upper-level space suited to office use.
Property Size1,010 SF
Days on Market1
Property Features for 12324 SW 132nd Ct B-5
General Information
Standard status
Size
Property subtype
Additional Details
Real Estate Included
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listed By:
Pedro Hidalgo
(305) 392-5414
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:12PM
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 Pedro Hidalgo
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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.
This flex space was built in 1986 and has a partially completed interior. The ground floor features tile flooring, while a separate second-floor area offers space for office use. The layout supports a range of commercial applications, including vehicle wrapping, window tinting, and alarm-related services.
The property is at 12324 SW 132nd Ct B-5 in Miami. Its walk score is 68, its bike score is 38, and its transit score is 38.
The property is at 12324 SW 132nd Ct B-5 in Miami. Its walk score is 68, its bike score is 38, and its transit score is 38.
Key Highlights
- Second‑floor area can accommodate office use
- Tiled flooring on the first floor
- Partially built‑out interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,292
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,840
$325.8K
Cap Rate 7%
$232,743
$232.7K
Cap Rate 9%
$181,022
$181.0K
Market Conditions
NOI Build-Up for 1,010 SF
Gross rent
$26.7K $26.40/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$25.1K $24.82/SF
− OpEx
−$8.8K −$8.69/SF
NOI
$16.3K $16.13/SF
Area
ZIP 33186
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,840
Cap Rate 7%
$232,743
Cap Rate 9%
$181,022
Alternative Uses
Best Use
Flex RnD
$232.7K
$203.7K – $271.5K
NOI $16,292 @ 7.0% cap · market cap 4.07%
Second Best
Industrial
$193.8K
$169.6K – $226.2K
NOI $13,569 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$551.5K
$482.6K – $643.5K
NOI $38,608 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,265
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
$422,300
Median Home Value
Market
Average Price Trend$/SF for Flex space in Miami, FL
Properties on Market for Flex space in Miami
Vacancy Rate% for Industrial in Miami, FL
Similar Off Market Nearby
- Asados Nica-chef — 12821 SW 134th St, Miami, FL 33186
- 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 - A partially finished interior includes tile flooring downstairs and separate upper-level space suited to office use.
Where is this flex space located?
The property is located at 12324 SW 132nd Ct B-5 Miami, FL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Second‑floor area can accommodate office use; Tiled flooring on the first floor; Partially built‑out interior
