Warehouse Unit with Front and Rear
For Sale
$720,000
12470 SW 128th St, Miami, FL 33186
Warehouse unit with front and rear access, ample parking, and recent exterior and interior upgrades.
Property Size2,310 SF
Price / SF$311.69
Days on Market12
Property Features for 12470 SW 128th St
General Information
Standard status
Active
Size
2,310 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1992
Listing Agency:
LIFESTYLE INTERNATIONAL REALTY
Listed By:
RICARDO BOADA · License #A12057059
Source:
Corcoran
Added: Jul 21
Changed: Jul 24
Last Checked: Aug 1 at 5:09AM
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 LIFESTYLE INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This offering includes a 2,310 SF warehouse unit with both front and rear access, ample parking, and recent improvements including a new roof, new A/C, and fresh paint. An adjacent unit is also available for sale, creating the option to acquire both spaces together for a larger footprint.
The property is located directly on SW 128th Street in an established Tamiami warehouse district, with convenient access to a nearby highway extension.
The unit is currently occupied by a long-running business that has operated at the location for nearly 25 years. The adjoining unit and the business may also be purchased separately.
The property is located directly on SW 128th Street in an established Tamiami warehouse district, with convenient access to a nearby highway extension.
The unit is currently occupied by a long-running business that has operated at the location for nearly 25 years. The adjoining unit and the business may also be purchased separately.
Key Highlights
- 2,310 SF warehouse unit built in 1992 in the Tamiami warehouse district
- Front and rear access plus ample parking
- Recent upgrades include a new roof, new A/C, and fresh paint
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.6k | $20.16 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $44.3k | $19.19 |
| − OpEx | −$6.7k | −$2.88 |
| NOI | $37.7k | $16.31 |
2,310 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$538.3K
$471.1K – $628.1K
NOI $37,684 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,300 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
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
Properties on Market for Warehouses in Miami
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 - Warehouse unit with front and rear access, ample parking, and recent exterior and interior upgrades.
Where is this warehouse located?
The property is located at 12470 SW 128th St Miami, FL.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: 2,310 SF warehouse unit built in 1992 in the Tamiami warehouse district; Front and rear access plus ample parking; Recent upgrades include a new roof, new A/C, and fresh paint
