Climate-Controlled Storage Office
For Sale
$69,000
40 SW 13th St 702, Miami, FL 33130
For sale 270 sq ft climate-controlled storage/office unit with its own AC.
Property Size270 SF
Price / SF$255.56
Days on Market39
Property Features for 40 SW 13th St 702
General Information
Standard status
Active
Size
270 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$276
Building Details
Building Size
270 SF
Year Built
2010
Listing Agency:
Wilk Real Estate I LLC
(516) 532-1816
Listed By:
Albert Wilk · License #3313328
(516) 532-1816
Source:
Elliman
Added: Jul 8
Changed: Aug 14
Last Checked: Aug 14 at 12:04PM
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 Wilk Real Estate I LLC
Investment Insights
Based on property information with market context.
This offering is for a single storage unit configured as a climate-controlled, large-room space, with its own AC unit. The unit is 270 square feet and is presented as usable storage with the option to function as an office space.
The sale is described as being available for Infinity at Brickell condo owners at 60 SW 13th St, as well as office owners at 40 SW 13th St, Miami, FL 33130. The property’s walkability and transit access are supported by the provided walkScore of 97 and transitScore of 99, with a bikeScore of 83. For more information on eligibility and details of Unit 702, contact the listing team.
The sale is described as being available for Infinity at Brickell condo owners at 60 SW 13th St, as well as office owners at 40 SW 13th St, Miami, FL 33130. The property’s walkability and transit access are supported by the provided walkScore of 97 and transitScore of 99, with a bikeScore of 83. For more information on eligibility and details of Unit 702, contact the listing team.
Key Highlights
- 270 SF climate‑controlled storage/office unit for sale at Infinity at Brickell
- Unit includes its own AC unit
- Location: 40 SW 13th St and 60 SW 13th St, Miami, FL 33130 (Infinity at Brickell)
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
$4,405
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
6.38%
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%
$88,100
$88.1K
Cap Rate 7%
$62,929
$62.9K
Cap Rate 9%
$48,944
$48.9K
Market Conditions
NOI Build-Up for 270 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
$5.4K $20.16/SF
− Vacancy
−$261 −$0.97/SF
EGI
$5.2K $19.19/SF
− OpEx
−$777 −$2.88/SF
NOI
$4.4K $16.31/SF
Area
Miami, FL
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%
$88,100
Cap Rate 7%
$62,929
Cap Rate 9%
$48,944
Alternative Uses
Best Use
Warehouse
$62.9K
$55.1K – $73.4K
NOI $4,405 @ 7.0% cap · market cap 6.38%
Second Best
Self Storage
$36.2K
$31.6K – $42.2K
NOI $2,531 @ 7.0% cap · market cap 3.67%
Theoretical Best
Specialty Retail
$182.3K
$159.5K – $212.6K
NOI $12,758 @ 7.0% cap · market cap 18.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11,922
Businesses Nearby
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
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?
Self storage facility - For sale 270 sq ft climate-controlled storage/office unit with its own AC.
Where is this self storage facility located?
The property is located at 40 SW 13th St 702 Miami, FL.
What is the asking price?
The asking price for this property is $69,000.
What are key features of this property?
This property features: 270 SF climate‑controlled storage/office unit for sale at Infinity at Brickell; Unit includes its own AC unit; Location: 40 SW 13th St and 60 SW 13th St, Miami, FL 33130 (Infinity at Brickell)
