Updated Corner
For Sale
$550,000
12931 SW 133rd Ct Unit 12931, Miami, FL 33186
Air-conditioned industrial space combines a private office with an open warehouse floor and street-level loading access.
Property Size1,012 SF
Price / SF$543.48
Days on Market40
Property Features for 12931 SW 133rd Ct Unit 12931
General Information
Standard status
Active
Size
1,012 SF
Warehouse & Industrial
Drive-In Doors
1
Conditioned Warehouse
Yes
Building Details
Year Built
1994
Listing Agency:
Florida Realty of Miami Corp
(305) 248-2999
Listed By:
Manuel G Gutierrez · License #0699710
Source:
Chenoregroup
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 29 at 11:45AM
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 Florida Realty of Miami Corp
Investment Insights
Based on property information with market context.
This 1,012-square-foot warehouse unit at 12931 SW 133rd Ct features an updated interior with one private office and a predominantly open warehouse arrangement. Air conditioning serves the entire space, while a street-level roll-up door supports direct loading access. The corner position adds street exposure to the unit.
The property is situated in Miami’s Kendall/33186 industrial corridor with access to major roadways. Its configuration and existing improvements support a range of industrial and service-oriented operations, including contractor, distribution, light manufacturing, and service business uses as identified for the property.
The property is situated in Miami’s Kendall/33186 industrial corridor with access to major roadways. Its configuration and existing improvements support a range of industrial and service-oriented operations, including contractor, distribution, light manufacturing, and service business uses as identified for the property.
Key Highlights
- 1,012‑square‑foot warehouse unit
- Updated interior with one private office and predominantly open warehouse layout
- Air conditioning throughout the unit
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
$16,509
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
3.00%
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%
$330,180
$330.2K
Cap Rate 7%
$235,843
$235.8K
Cap Rate 9%
$183,433
$183.4K
Market Conditions
NOI Build-Up for 1,012 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
$20.4K $20.16/SF
− Vacancy
−$979 −$0.97/SF
EGI
$19.4K $19.19/SF
− OpEx
−$2.9K −$2.88/SF
NOI
$16.5K $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%
$330,180
Cap Rate 7%
$235,843
Cap Rate 9%
$183,433
Alternative Uses
Best Use
Warehouse
$235.8K
$206.4K – $275.2K
NOI $16,509 @ 7.0% cap · market cap 3.00%
Second Best
Flex RnD
$233.2K
$204.1K – $272.1K
NOI $16,324 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$552.6K
$483.6K – $644.7K
NOI $38,684 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
923
Businesses Nearby
Under-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.
Similar Off Market Nearby
- Extra Space Storage — 5601 SW 135th Ave, Miami, FL 33183
Frequently Asked Questions
What type of property is this?
Warehouse - Air-conditioned industrial space combines a private office with an open warehouse floor and street-level loading access.
Where is this warehouse located?
The property is located at 12931 SW 133rd Ct Unit 12931 Miami, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,012‑square‑foot warehouse unit; Updated interior with one private office and predominantly open warehouse layout; Air conditioning throughout the unit
