Contiguous Warehouse Condo
For Sale
$1,250,000
12459 130th St, Miami, FL 33186
This for-sale asset sale includes three contiguous warehouse condos with 12-foot ceilings, roll-up doors, and assigned parking in a gated fenced complex.
Property Size2,361 SF
Price / SF$529.44
Days on Market36
Property Features for 12459 130th St
General Information
Standard status
Active
Size
2,361 SF
Total Parking Spaces
15
Property subtype
Business Opportunities
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Business Included
Yes
Clear Height
12 ft
Taxes and HOA fees
Annual Taxes
$6,120
Amenities
3
Building Details
Year Built
1986
Listing Agency:
BHHS EWM Realty
(305) 894-6637
Listed By:
Carlos Olivares · License #3051724
(305) 894-6637
Source:
Xome
Added: Jul 7
Changed: Aug 8
Last Checked: Aug 11 at 4:49AM
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 BHHS EWM Realty
Investment Insights
Based on property information with market context.
This for-sale asset sale includes three contiguous warehouse condos totaling 2,361 SF within a Kendall commercial park. The offering combines real estate and equipment, including a fully equipped body shop setup with a paint booth, compressors, machinery setup and pull equipment, and related tent and storage equipment and materials. The space also supports warehouse or flex use, with access from both sides and 12-ft ceilings, roll-up doors, and multiple assigned parking spaces per unit.
The complex is fenced and includes a nightly security gate. There are 15 assigned parking spaces total (5 per unit) plus additional available parking. HOA is reported as $120 per month per unit and includes water, trash, insurance, landscaping, and outside lighting, along with bookkeeping. The property is described as minutes to SR 874 and the Turnpike and about 1 mile from Miami Executive Airport, while the park is still zoned for automotive use.
The value is stated to be in the real estate and equipment package rather than business financials.
The complex is fenced and includes a nightly security gate. There are 15 assigned parking spaces total (5 per unit) plus additional available parking. HOA is reported as $120 per month per unit and includes water, trash, insurance, landscaping, and outside lighting, along with bookkeeping. The property is described as minutes to SR 874 and the Turnpike and about 1 mile from Miami Executive Airport, while the park is still zoned for automotive use.
The value is stated to be in the real estate and equipment package rather than business financials.
Key Highlights
- Asset sale includes 3 contiguous Kendall warehouse condos totaling 2,361 SF
- Includes fully equipped body shop package with paint booth, 3 compressors, and setup/pull machinery equipment
- Warehouse features 12‑ft ceilings, roll‑up doors, and access from both sides
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,839
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,136,780
$1.1M
Cap Rate 7%
$811,986
$812.0K
Cap Rate 9%
$631,544
$631.5K
Market Conditions
NOI Build-Up for 2,361 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$96.9K $41.04/SF
− Vacancy
−$15.7K −$6.65/SF
EGI
$81.2K $34.39/SF
− OpEx
−$24.4K −$10.32/SF
NOI
$56.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,136,780
Cap Rate 7%
$811,986
Cap Rate 9%
$631,544
Alternative Uses
Best Use
Retail
$812.0K
$710.5K – $947.3K
NOI $56,839 @ 7.0% cap · market cap 4.55%
Second Best
Warehouse
$550.2K
$481.5K – $641.9K
NOI $38,516 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,250 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12 ft
Clear height
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,176
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
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - This for-sale asset sale includes three contiguous warehouse condos with 12-foot ceilings, roll-up doors, and assigned parking in a gated fenced complex.
Where is this flex space located?
The property is located at 12459 130th St Miami, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Asset sale includes 3 contiguous Kendall warehouse condos totaling 2,361 SF; Includes fully equipped body shop package with paint booth, 3 compressors, and setup/pull machinery equipment; Warehouse features 12‑ft ceilings, roll‑up doors, and access from both sides
