Warehouse Unit with Front and Rear
12470 SW 128th St, Miami, FL 33186
For Sale
$720,000
Pending
Warehouse unit with front and rear access, ample parking, and recent exterior and interior upgrades.
Property Size2,310 SF
Days on Market115
Property Features for 12470 SW 128th St
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Lifestyle International Realty
Listed By:
Ricardo Boada · License FL #3282240
(305) 773-5574
Source:
Miamibrokersgroup
Added: Jul 21
Changed: Nov 3
Last Checked: Nov 12 at 6:20PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$37,684
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,680
$753.7K
Cap Rate 7%
$538,343
$538.3K
Cap Rate 9%
$418,711
$418.7K
Market Conditions
NOI Build-Up for 2,310 SF
Gross rent
$46.6K $20.16/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$44.3K $19.19/SF
− OpEx
−$6.7K −$2.88/SF
NOI
$37.7K $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 Rate 5%
$753,680
Cap Rate 7%
$538,343
Cap Rate 9%
$418,711
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
$422,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Warehouses in Miami, FL
Properties on Market for Warehouses in Miami
Vacancy Rate% for Industrial in Miami, FL
Similar Off Market Nearby
- SOL CARGO MIAMI — 12915 SW 133rd Ct, Miami, FL 33186
- Public Storage — 12850 SW 128th St, Miami, FL 33186
- Self Storage — 12300 SW 127th Ave, Miami, FL 33186
- Self Storage Near 33186, FL — 12300 SW 127th Ave, Miami, FL 33186, United States
- Armor Self Storage Unit — 12610 SW 120th St, Miami, FL 33186
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
