Two-Story Warehouse Office
12349 SW 132nd Ct 9 Miami, FL 33186
12349 SW 132nd Ct 9, Miami, FL, 33186
$439,900
For Sale
$439,900
Remodeled legal two-story warehouse with separate entrances, ground-level bay door, offices, and two bathrooms plus parking.
Property Size1,440 SF
Price / SF$305.49
Days on Market86
Property Features for 12349 SW 132nd Ct 9
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1989
Listing agency
Abba Premier Properties Realty Inc.
(305) 773-6545
Listed by
Lenora Harshman · License #3120358
(305) 773-6545
Source
Elliman
Added: Apr 28 Updated: Jul 21 at 12:22AM Checked: Jul 21 at 9:11AM
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 Abba Premier Properties Realty Inc.
Investment Insights
Based on property information with market context.
Remodeled, legal two-story warehouse and office unit with separate entrances for the first and second floors. The first floor includes an open warehouse area with a large ground-level bay door, while the second floor features four private offices. There are two bathrooms total, with one upstairs and one downstairs. The unit includes two assigned parking spaces, along with guest and handicap parking, and additional on-street parking is available.
Located at 12349 SW 132nd Ct 9 in Miami, Florida, this offering is identified as a legal 1,440 square foot unit per the Miami-Dade Property Appraiser. The property includes low maintenance fees of $319 per month, and the association is reported to be in excellent financial position with great reserves and a passed 40-year recertification.
With distinct first- and second-floor access, the layout supports separate operations and may allow for additional rental income.
Located at 12349 SW 132nd Ct 9 in Miami, Florida, this offering is identified as a legal 1,440 square foot unit per the Miami-Dade Property Appraiser. The property includes low maintenance fees of $319 per month, and the association is reported to be in excellent financial position with great reserves and a passed 40-year recertification.
With distinct first- and second-floor access, the layout supports separate operations and may allow for additional rental income.
Key Highlights
- Legal 1,440 SF two‑story commercial warehouse and offices with remodeled interior
- Separate entrances for the first floor and second floor for flexible tenant setup
- Large ground‑level bay door plus open warehouse area downstairs
Local 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 | $29.0k | $20.16 |
| − Vacancy | −$1.4k | −$0.97 |
| EGI | $27.6k | $19.19 |
| − OpEx | −$4.1k | −$2.88 |
| NOI | $23.5k | $16.31 |
1,440 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$656.2K
$574.2K – $765.6K
NOI $45,937 @ 7.0% cap · market cap 10.44%
Second Best
Warehouse
$335.6K
$293.6K – $391.5K
NOI $23,491 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$786.3K
$688.1K – $917.4K
NOI $55,044 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Printing - Print shop ...
Printing Service
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FAQs
What type of property is this?
Flex space - Remodeled legal two-story warehouse with separate entrances, ground-level bay door, offices, and two bathrooms plus parking.
Where is this flex space located?
The property is located at 12349 SW 132nd Ct 9 Miami, FL.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Legal 1,440 SF two‑story commercial warehouse and offices with remodeled interior; Separate entrances for the first floor and second floor for flexible tenant setup; Large ground‑level bay door plus open warehouse area downstairs
