Remodeled Warehouse
For Sale
$450,000
12361 SW 128th Ct 204, Miami, FL 33186
Updated office and bathroom complement permitted central air conditioning in the warehouse area.
Property Size960 SF
Price / SF$468.75
Days on Market50
Property Features for 12361 SW 128th Ct 204
General Information
Standard status
Active
Size
960 SF
Additional Details
Conditioned Warehouse
Yes
Building Details
Year Built
2006
Listing Agency:
GNH Realty, LLC
Listed By:
Greg Herrera · License #3023617
(786) 290-4942
Source:
Chenoregroup
Added: Aug 26
Changed: Oct 9
Last Checked: Oct 7 at 5:07PM
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 GNH Realty, LLC
Investment Insights
Based on property information with market context.
This warehouse unit was built in 2006 and includes an office and bathroom that have been recently remodeled. A new central air-conditioning system serves the warehouse area, with installation completed under permits.
The property is located near Tamiami Airport at 12361 SW 128th Ct, Unit 204, in Miami. Storage racks may also be purchased separately from the property, subject to the owner’s terms.
The property is located near Tamiami Airport at 12361 SW 128th Ct, Unit 204, in Miami. Storage racks may also be purchased separately from the property, subject to the owner’s terms.
Key Highlights
- Warehouse unit built in 2006
- Recently remodeled office and bathroom
- New central A/C serving the warehouse area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,661
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,220
$313.2K
Cap Rate 7%
$223,729
$223.7K
Cap Rate 9%
$174,011
$174.0K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$19.4K $20.16/SF
− Vacancy
−$929 −$0.97/SF
EGI
$18.4K $19.19/SF
− OpEx
−$2.8K −$2.88/SF
NOI
$15.7K $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%
$313,220
Cap Rate 7%
$223,729
Cap Rate 9%
$174,011
Alternative Uses
Best Use
Warehouse
$223.7K
$195.8K – $261.0K
NOI $15,661 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$524.2K
$458.7K – $611.6K
NOI $36,696 @ 7.0% cap · market cap 8.15%
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
2,609
Businesses Nearby
Well-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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- Public Storage — 12850 SW 128th St, Miami, FL 33186
- Self Storage — 12300 SW 127th Ave, Miami, FL 33186
- Self Storage Near 33186, FL — 12300 SW 127th Ave, Miami, FL 33186, United States
- Armor Self Storage Unit — 12610 SW 120th St, Miami, FL 33186
Frequently Asked Questions
What type of property is this?
Warehouse - Updated office and bathroom complement permitted central air conditioning in the warehouse area.
Where is this warehouse located?
The property is located at 12361 SW 128th Ct 204 Miami, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Warehouse unit built in 2006; Recently remodeled office and bathroom; New central A/C serving the warehouse area
