Two-Story Condo Office
For Sale
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13026 SW 128th Street #9, Miami, FL 33186
Two-story office condo with central A/C and rear loading door in an IU-C industrial district.
Property Size1,320 SF
Price / SF$1.74
Days on Market129
Property Features for 13026 SW 128th Street #9
General Information
Standard status
Active
Size
1,320 SF
Property subtype
Mixed Use
Zoning
IU-C
Building Details
Year Built
1994
Stories
2
Listing Agency:
Real Estate IQ Corp
Listed By:
Diego R Lopez · License #3208417
(786) 426-9088
Source:
Lehmannflorida
Added: Jun 14
Changed: Oct 19
Last Checked: Oct 19 at 11:26AM
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 Real Estate IQ Corp
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Investment Insights
Based on property information with market context.
This two-story condo office includes a dedicated office area above a warehouse component, with each floor functioning independently. Each level has its own entrance, bathroom, and central air conditioning system. The space features tile floors and ample lighting, and it also includes a rear loading door to support light warehousing or storage activity.
The property is located within an IU-C industrial district. Association approval is required. The unit is configured for separate floor use, which can support day-to-day operations without requiring occupants to share entrances or amenities.
For tenants or buyers looking for flexible office-and-warehouse space, the independent two-floor layout can simplify scheduling, staffing, or administrative needs while keeping warehouse access available through the rear loading door. The presence of central A/C and in-unit bathrooms supports year-round comfort, and the car-dependent access profile can align well with businesses that rely on vehicles for deliveries and daily commuting. To move in, first month’s rent, last month’s rent, and one month security deposit are required.
The property is located within an IU-C industrial district. Association approval is required. The unit is configured for separate floor use, which can support day-to-day operations without requiring occupants to share entrances or amenities.
For tenants or buyers looking for flexible office-and-warehouse space, the independent two-floor layout can simplify scheduling, staffing, or administrative needs while keeping warehouse access available through the rear loading door. The presence of central A/C and in-unit bathrooms supports year-round comfort, and the car-dependent access profile can align well with businesses that rely on vehicles for deliveries and daily commuting. To move in, first month’s rent, last month’s rent, and one month security deposit are required.
Key Highlights
- Two‑story condo office with warehouse area, built in 1994
- Each floor has its own entrance, bathroom, and central A/C system
- IU‑C industrial district zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,734
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,680
$354.7K
Cap Rate 7%
$253,343
$253.3K
Cap Rate 9%
$197,044
$197.0K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$26.6K $20.16/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$25.3K $19.19/SF
− OpEx
−$7.6K −$5.76/SF
NOI
$17.7K $13.43/SF
Area
ZIP 33186
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,680
Cap Rate 7%
$253,343
Cap Rate 9%
$197,044
Alternative Uses
Best Use
Warehouse
$307.6K
$269.2K – $358.9K
NOI $21,534 @ 7.0% cap · market cap 938.30%
Second Best
Flex RnD
$304.2K
$266.2K – $354.9K
NOI $21,292 @ 7.0% cap · market cap 927.76%
Theoretical Best
Office A
$720.8K
$630.7K – $841.0K
NOI $50,457 @ 7.0% cap · market cap 2,198.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,929
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story office condo with central A/C and rear loading door in an IU-C industrial district.
Where is this flex space located?
The property is located at 13026 SW 128th Street #9 Miami, FL.
What are key features of this property?
This property features: Two‑story condo office with warehouse area, built in 1994; Each floor has its own entrance, bathroom, and central A/C system; IU‑C industrial district zoning
