Two-Unit Office
12360 SW 132nd Ct #207 and #209, Miami, FL 33186
For Sale
New
$500,000
Contiguous units provide professional office space with separate restrooms and assigned parking.
Property Size1,380 SF
Price / SF$362.32
Days on Market1
Property Features for 12360 SW 132nd Ct #207 and #209
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
Michael Elbilia · License FL A12011466
(305) 305-6091
Source:
Elliman
Added: Nov 10
Last Checked: Nov 10 at 2:09PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The office offering comprises two adjoining units with a combined area of 1,380 square feet. Each unit has its own restroom, and the space is intended for professional office use. The building dates to 1994.
The property is in Kendall Forest Business Park II in Miami. Parking includes two assigned spaces and access to two additional unassigned spaces.
The property is in Kendall Forest Business Park II in Miami. Parking includes two assigned spaces and access to two additional unassigned spaces.
Key Highlights
- Two contiguous office units totaling 1,380 square feet
- Each unit includes its own restroom
- Two assigned parking spaces plus two unassigned spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,023
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,460
$880.5K
Cap Rate 7%
$628,900
$628.9K
Cap Rate 9%
$489,144
$489.1K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$69.1K $50.04/SF
− Vacancy
−$10.4K −$7.51/SF
EGI
$58.7K $42.53/SF
− OpEx
−$14.7K −$10.63/SF
NOI
$44.0K $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%
$880,460
Cap Rate 7%
$628,900
Cap Rate 9%
$489,144
Alternative Uses
Best Use
Office B
$628.9K
$550.3K – $733.7K
NOI $44,023 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$753.6K
$659.4K – $879.2K
NOI $52,751 @ 7.0% cap · market cap 10.55%
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
157
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
$422,300
Median Home Value
Market
Average Price Trend$/SF for Office Units in Miami, FL
Properties on Market for Office Units in Miami
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Contiguous units provide professional office space with separate restrooms and assigned parking.
Where is this office unit located?
The property is located at 12360 SW 132nd Ct #207 and #209 Miami, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two contiguous office units totaling 1,380 square feet; Each unit includes its own restroom; Two assigned parking spaces plus two unassigned spaces
