Two-Story Warehouse Office
12349 SW 132nd Court #9 Miami, FL 33186
For Sale
$434,800
Pending
Remodeled two-story warehouse office unit with separate entrances, a ground-level bay door, and two bathrooms.
Property Size1,440 SF
Days on Market45
Property Features for 12349 SW 132nd Court #9
General Information
- Standard status
- Pending
- 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 #A11949440
Source:
Corcoran
Added: Jun 9
Changed: Jul 23
Last Checked: Jul 23 at 12:52PM
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.
This remodeled, legal two-story warehouse office unit is designed for a work environment with natural light. The first floor includes an open warehouse area and a dedicated entrance, along with a separate second-floor entrance. Upstairs features four private offices, and there are two bathrooms total, with one upstairs and one downstairs. The unit also has a large ground-level bay door and two assigned parking spaces, plus guest parking and handicap parking. Additional on-street parking is available.
The property is located in Kendall near Tamiami Executive Airpot, and is a few blocks from Costco London Square Mall. It is about one mile from the Turnpike.
According to the Miami-Dade Property Appraiser, the unit is listed as a 1,440-square-foot space. Low maintenance fees are reported at $319 per month, and the association is described as being in excellent financial position with great reserves, having just passed the 40-year recertification.
The property is located in Kendall near Tamiami Executive Airpot, and is a few blocks from Costco London Square Mall. It is about one mile from the Turnpike.
According to the Miami-Dade Property Appraiser, the unit is listed as a 1,440-square-foot space. Low maintenance fees are reported at $319 per month, and the association is described as being in excellent financial position with great reserves, having just passed the 40-year recertification.
Key Highlights
- Remodeled legal two‑story warehouse office unit (1,440 SF) with separate entrances for the first and second floors
- Ground‑level bay door plus open warehouse area downstairs
- Upstairs features four private offices with two bathrooms total (one upstairs, one downstairs)
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 10.57%
Second Best
Warehouse
$335.6K
$293.6K – $391.5K
NOI $23,491 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$786.3K
$688.1K – $917.4K
NOI $55,044 @ 7.0% cap · market cap 12.66%
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 two-story warehouse office unit with separate entrances, a ground-level bay door, and two bathrooms.
Where is this flex space located?
The property is located at 12349 SW 132nd Court #9 Miami, FL.
What is the asking price?
The asking price for this property is $434,800.
What are key features of this property?
This property features: Remodeled legal two‑story warehouse office unit (1,440 SF) with separate entrances for the first and second floors; Ground‑level bay door plus open warehouse area downstairs; Upstairs features four private offices with two bathrooms total (one upstairs, one downstairs)
