Air-Conditioned Flex
New
For Sale
$490,000
12369 SW 132nd Court #20-1, Miami, FL 33186
An office-and-warehouse configuration includes upstairs work areas and a kitchen and bathroom on the lower level.
Property Size1,800 SF
Days on Market2
Property Features for 12369 SW 132nd Court #20-1
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
2
Zoning
7700
Warehouse & Industrial
Warehouse Space
1,100 SF
Conditioned Warehouse
Yes
Taxes and HOA fees
Annual Taxes
$1,748
Building Details
Building Size
1,800 SF
Year Built
1989
Buildings
1
Stories
2
Listing Agency:
Florida Realty of Miami Corp
Listed By:
Lina I Gonzalez · License #3174238
(305) 607-6950
Source:
Laerrealty
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 20 at 5:15PM
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 Florida Realty of Miami Corp
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Investment Insights
Based on property information with market context.
This flex space combines office and warehouse functions, with air conditioning throughout. The upper level has three offices, a copy room and a loft area. Below, 1,100 SF of warehouse space includes a kitchen and bathroom; residential use is not permitted. The property was built in 1989.
Two assigned parking spaces serve the unit. The property is offered for sale and is also available for lease.
Two assigned parking spaces serve the unit. The property is offered for sale and is also available for lease.
Key Highlights
- Air conditioning throughout the office and warehouse areas
- Three upstairs offices, a copy room and loft area
- 1,100 SF of warehouse space with a kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,364
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,280
$587.3K
Cap Rate 7%
$419,486
$419.5K
Cap Rate 9%
$326,267
$326.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$36.3K $20.16/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$34.5K $19.19/SF
− OpEx
−$5.2K −$2.88/SF
NOI
$29.4K $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%
$587,280
Cap Rate 7%
$419,486
Cap Rate 9%
$326,267
Alternative Uses
Best Use
Warehouse
$419.5K
$367.1K – $489.4K
NOI $29,364 @ 7.0% cap · market cap 5.99%
Second Best
Flex RnD
$414.8K
$362.9K – $483.9K
NOI $29,035 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$982.9K
$860.1K – $1.15M
NOI $68,806 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Miami, FL
Similar Off Market Nearby
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- 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 - An office-and-warehouse configuration includes upstairs work areas and a kitchen and bathroom on the lower level.
Where is this flex space located?
The property is located at 12369 SW 132nd Court #20-1 Miami, FL.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Air conditioning throughout the office and warehouse areas; Three upstairs offices, a copy room and loft area; 1,100 SF of warehouse space with a kitchen and bathroom
