Automotive-Ready Industrial Warehouse
For Sale
$1,250,000
12459 SW 130th St, Miami, FL 33186
Commercial Sale, Miami, FL
Property Size2,361 SF
Price / SF$529.44
Days on Market48
Property Features for 12459 SW 130th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
7700
Parking
15
Parking features
Assigned
Directions
SW 130th St between 122nd Ave and 127th Ave
Subdivision
59
Standard status
Active
APN
30-59-13-009-0120
Taxes and HOA fees
Tax Year
2025
Tax Description
DEVONAIRE COM CENTER IV CONDO UNIT 12 UNDIV 4.74% INT IN COMMON ELEMENTS OFF REC 12854-1993 OR 20532-4471 0702 2(2) COC 24132-1911 01 2006 2
Tax Annual Amount
6120
HOA Fee
$360 Monthly
Legal Description
DEVONAIRE COM CENTER IV CONDO UNIT 12 UNDIV 4.74% INT IN COMMON ELEMENTS OFF REC 12854-1993 OR 20532-4471 0702 2(2) COC 24132-1911 01 2006 2
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
security gate
landscaping
outside lighting
Building Details
Year built
1986
Floors in Building
1
Flooring type
Concrete
Building materials
Block
Roof type
Concrete
Listing Agency:
BHHS EWM Realty
(305) 960-2400
Listed By:
Carlos Olivares · License #3051724
(305) 894-6637
Added: Jul 15
Changed: Aug 19
Last Checked: Aug 31 at 9:06AM
MLS# A12054151
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Three contiguous industrial warehouse condos are being offered for sale totaling 2,361 SF, located in a commercial park in Kendall that remains zoned for automotive use. The units are being sold as a working body shop, with a paint booth and multiple shop systems including three compressors, plus set-up and pull machinery and included tent and storage equipment, materials, and paint.
The facility features access from both sides of the building, 12-ft ceilings, and roll-up loading doors. There are 15 assigned parking spaces total (5 per unit) plus additional available parking. The complex is fenced and includes a nightly security gate.
HOA is $120 per month per unit and covers water, trash, insurance, landscaping, outside lighting, and bookkeeping. The property is minutes from SR 874 and the Florida Turnpike and is about 1 mile from Miami Executive Airport. Access and configuration are suited for an owner-user opening a shop day one or for a warehouse or flex alternative.
The facility features access from both sides of the building, 12-ft ceilings, and roll-up loading doors. There are 15 assigned parking spaces total (5 per unit) plus additional available parking. The complex is fenced and includes a nightly security gate.
HOA is $120 per month per unit and covers water, trash, insurance, landscaping, outside lighting, and bookkeeping. The property is minutes from SR 874 and the Florida Turnpike and is about 1 mile from Miami Executive Airport. Access and configuration are suited for an owner-user opening a shop day one or for a warehouse or flex alternative.
Key Highlights
- Three contiguous industrial warehouse condos totaling 2,361 SF with 12‑ft ceilings and roll‑up loading doors
- Fully equipped as a working body shop, including paint booth and 3 compressors, plus set‑up/pull machinery and related equipment
- Parking includes 15 assigned spaces (5 per unit) and extra available; fenced complex with nightly security gate
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
Property Profile
Current Use
Lease Details
12 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,176
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Three contiguous warehouse condos are fully equipped as a working body shop with roll-up loading and fenced nightly security.
Where is this warehouse located?
The property is located at 12459 SW 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 condos totaling 2,361 SF with 12‑ft ceilings and roll‑up loading doors; Fully equipped as a working body shop, including paint booth and 3 compressors, plus set‑up/pull machinery and related equipment; Parking includes 15 assigned spaces (5 per unit) and extra available; fenced complex with nightly security gate
