Building Details

Year Built 1984

Buildings 1

Listing Agency: First Premier Real Estate Serv

Listed By: John Duran · License #0512688 Show Phone

Source: Crexi

Added: Mar 27, 2025 Changed: Oct 6 Last Checked: Oct 7 at 10:10AM

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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 First Premier Real Estate Serv

Investment Insights

Based on property information with market context.

This industrial condo warehouse offers a versatile space suitable for businesses needing warehouse storage, industrial workspaces, or automotive-related services. Located in the Kendall area, near the Turnpike, the property provides access to major roads. The property consists of two attached units, totaling 3,440 square feet. The units feature high ceilings and a large open space with customizable areas. There are a total of 5 parking spaces available. The property is suitable for an auto body shop, warehouse storage, or industrial use.

Key Highlights

• Prime industrial condo warehouse in the sought‑after Kendall area.
• Suitable for auto‑related services, warehouse storage, or industrial use.
• Excellent location near the Turnpike, providing easy access to major roads.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$82,815

Cap Rate

8.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,656,300 $1.7M

Cap Rate 7%

$1,183,071 $1.2M

Cap Rate 9%

$920,167 $920.2K

Market Conditions

NOI Build-Up for 3,440 SF

Gross rent

$141.2K $41.04/SF

− Vacancy

−$22.9K −$6.65/SF

EGI

$118.3K $34.39/SF

− OpEx

−$35.5K −$10.32/SF

NOI

$82.8K $24.07/SF

Area

ZIP 33186

Vacancy

16.20%

Lease Rate

$41.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,656,300

Cap Rate 7%

$1,183,071

Cap Rate 9%

$920,167

Alternative Uses

Best Use

Retail

$1.18M

$1.04M – $1.38M (±1% cap)

NOI $82,815 @ 7.0% cap · market cap 8.02%

Second Best

Warehouse

$801.7K

$701.5K – $935.3K (±1% cap)

NOI $56,118 @ 7.0% cap · market cap 5.44%

Theoretical Best

Office A

$1.88M

$1.64M – $2.19M (±1% cap)

NOI $131,495 @ 7.0% cap · market cap 12.74%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Parking Lot & Garage Hotel & Motel Grocery & Convenience Store Storage Facility Bar & Pub Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Industrial in Miami, FL

4.1% 2019

4.6% 2020

2.2% 2021

1.6% 2022

2.4% 2023

5.7% 2024

6.5% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• SOL CARGO MIAMI — 12915 SW 133rd Ct, Miami, FL 33186
• Public Storage — 12850 SW 128th St, Miami, FL 33186
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• Self Storage Near 33186, FL — 12300 SW 127th Ave, Miami, FL 33186, United States
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Frequently Asked Questions

What type of property is this?

Warehouse - Industrial condo warehouse suitable for warehouse storage or automotive services.

Where is this warehouse located?

The property is located at 12434 SW 128th St # 3 Miami, FL.

What is the asking price?

The asking price for this property is $1,032,000.

What are key features of this property?

This property features: Prime industrial condo warehouse in the sought‑after Kendall area.; Suitable for auto‑related services, warehouse storage, or industrial use.; Excellent location near the Turnpike, providing easy access to major roads.