Mixed-Use Warehouse
New
For Sale
$490,000
12369 SW 132nd Ct # 1 Unit 20-1, Miami, FL 33186
Air-conditioned work areas combine upstairs offices with warehouse space and supporting amenities.
Property Size1,800 SF
Days on Market7
Property Features for 12369 SW 132nd Ct # 1 Unit 20-1
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
2
Property subtype
Mixed Use
Warehouse & Industrial
Warehouse Space
1,100 SF
Conditioned Warehouse
Yes
Additional Details
Property Use
Warehouse/Office
Taxes and HOA fees
Annual Taxes
$1,748
Building Details
Building Size
1,800 SF
Year Built
1989
Stories
2
Listing Agency:
Florida Realty of Miami Corp
Listed By:
Lina Gonzalez · License #3174238
(305) 607-6950
Source:
Miamibrokersgroup
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 25 at 2:43AM
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
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.
This mixed-use unit combines office and warehouse space, with air conditioning throughout. The upper level contains three offices, a copy room, and a loft area. Below, the 1,100-square-foot warehouse includes a kitchen and bathroom. The unit was built in 1989 and has two assigned parking spaces. Residential occupancy is not permitted.
Key Highlights
- 1,100‑square‑foot air‑conditioned warehouse area
- Three upstairs offices, plus a copy room and loft
- Kitchen and bathroom within the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,050
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,000
$621.0K
Cap Rate 7%
$443,571
$443.6K
Cap Rate 9%
$345,000
$345.0K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$54.0K $30.00/SF
− Vacancy
−$4.3K −$2.40/SF
EGI
$49.7K $27.60/SF
− OpEx
−$18.6K −$10.35/SF
NOI
$31.1K $17.25/SF
Area
ZIP 33186
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,000
Cap Rate 7%
$443,571
Cap Rate 9%
$345,000
Alternative Uses
Best Use
Mixed Use
$443.6K
$388.1K – $517.5K
NOI $31,050 @ 7.0% cap · market cap 6.34%
Second Best
Warehouse
$419.5K
$367.1K – $489.4K
NOI $29,364 @ 7.0% cap · market cap 5.99%
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,789
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
Vacancy Rate% for Industrial in Miami, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Air-conditioned work areas combine upstairs offices with warehouse space and supporting amenities.
Where is this mixed-use property located?
The property is located at 12369 SW 132nd Ct # 1 Unit 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: 1,100‑square‑foot air‑conditioned warehouse area; Three upstairs offices, plus a copy room and loft; Kitchen and bathroom within the unit
