Industrial Warehouse Condos with Body Shop
For Sale
$1,250,000
12459 130th St, Miami, FL 33186
Three contiguous warehouse condo units are equipped for a working body shop and accessed from both sides.
Property Size2,361 SF
Price / SF$529.44
Days on Market37
Property Features for 12459 130th St
General Information
Standard status
Active
Size
2,361 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$6,120
Amenities
3
15 Parking Spaces.
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.
Three contiguous industrial warehouse condo units totaling 2,361 SF are offered for asset sale, fully equipped as a working body shop. The setup includes a paint booth, three compressors, and included machinery setup plus pull capabilities. Additional included items include tent and storage equipment, materials, and paint, alongside the building improvements designed for roll-up loading and everyday shop operations. The units feature access from both sides of the building and 12-ft ceilings.
The complex is fenced with a nightly security gate and provides 15 assigned parking spaces, with five spaces per unit, plus extra available parking. HOA is $120 per month per unit and includes water, trash, insurance, landscaping, outside lighting, and bookkeeping. The property remains zoned for automotive use and is located minutes from SR 874 and the Florida Turnpike, about 1 mile from Miami Executive Airport.
The complex is fenced with a nightly security gate and provides 15 assigned parking spaces, with five spaces per unit, plus extra available parking. HOA is $120 per month per unit and includes water, trash, insurance, landscaping, outside lighting, and bookkeeping. The property remains zoned for automotive use and is located minutes from SR 874 and the Florida Turnpike, about 1 mile from Miami Executive Airport.
Key Highlights
- Three contiguous industrial warehouse condo units totaling 2,361 SF in a Kendall commercial park
- Body shop setup included: paint booth, 3 compressors, set‑up/pull machinery, tent and storage equipment, materials and paint
- 12‑ft ceilings, roll‑up loading doors, and access from both sides of the building
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
$38,516
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
3.08%
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%
$770,320
$770.3K
Cap Rate 7%
$550,229
$550.2K
Cap Rate 9%
$427,956
$428.0K
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
$47.6K $20.16/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$45.3K $19.19/SF
− OpEx
−$6.8K −$2.88/SF
NOI
$38.5K $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 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%
$770,320
Cap Rate 7%
$550,229
Cap Rate 9%
$427,956
Alternative Uses
Best Use
Warehouse
$550.2K
$481.5K – $641.9K
NOI $38,516 @ 7.0% cap · market cap 3.08%
Second Best
Flex RnD
$544.1K
$476.1K – $634.7K
NOI $38,084 @ 7.0% cap · market cap 3.05%
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
Property Profile
Current Use
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 - Three contiguous warehouse condo units are equipped for a working body shop and accessed from both sides.
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: Three contiguous industrial warehouse condo units totaling 2,361 SF in a Kendall commercial park; Body shop setup included: paint booth, 3 compressors, set‑up/pull machinery, tent and storage equipment, materials and paint; 12‑ft ceilings, roll‑up loading doors, and access from both sides of the building
