Air-Conditioned Flex
For Sale
Contact for pricing
13030 Southwest 133rd Court, Miami, FL 33186
Industrial and office condominium with climate-controlled space, updated mechanical systems, and a recently replaced roof.
Property Size950 SF
Price / SF$394.74
Days on Market34
Property Features for 13030 Southwest 133rd Court
General Information
Standard status
Active
Size
950 SF
Class
B
Property subtype
Office, Industrial
Zoning
IU-C
Building Details
Year Built
1991
Year Renovated
2021
Buildings
1
Units
1
Listing Agency:
Smith Commercial Property Group
(786) 797-0903
Listed By:
Danny Delgado · License #sl3659233
Source:
Crexi
Added: Jul 28
Changed: Aug 29
Last Checked: Aug 29 at 9:17PM
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 Smith Commercial Property Group
Investment Insights
Based on property information with market context.
This 1991-built flex space is configured as an industrial and office condominium with warehouse, office, and showroom components. The entire unit is air-conditioned, supporting operations that require a controlled interior environment. A new HVAC system and recently replaced roof provide notable recent improvements. The property is zoned IU-C and is located within a professionally maintained industrial park at 13030 Southwest 133rd Court in Miami, Florida.
The setting near the Kendall and Tamiami areas offers access to major roadways, residential communities, business centers, customers, and employees across South Miami-Dade. The flexible configuration can accommodate office, warehouse, showroom, distribution, e-commerce, light manufacturing, or owner-user operations, as supported by the existing property layout.
The setting near the Kendall and Tamiami areas offers access to major roadways, residential communities, business centers, customers, and employees across South Miami-Dade. The flexible configuration can accommodate office, warehouse, showroom, distribution, e-commerce, light manufacturing, or owner-user operations, as supported by the existing property layout.
Key Highlights
- 950 of flex space in an industrial and office condominium
- Entire unit is fully air‑conditioned
- New HVAC system
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
$30,305
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
8.08%
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%
$606,100
$606.1K
Cap Rate 7%
$432,929
$432.9K
Cap Rate 9%
$336,722
$336.7K
Market Conditions
NOI Build-Up for 950 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
$47.5K $50.04/SF
− Vacancy
−$7.1K −$7.51/SF
EGI
$40.4K $42.53/SF
− OpEx
−$10.1K −$10.63/SF
NOI
$30.3K $31.90/SF
Area
ZIP 33186
Vacancy
15.00%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
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%
$606,100
Cap Rate 7%
$432,929
Cap Rate 9%
$336,722
Alternative Uses
Best Use
Office B
$432.9K
$378.8K – $505.1K
NOI $30,305 @ 7.0% cap · market cap 8.08%
Second Best
Warehouse
$221.4K
$193.7K – $258.3K
NOI $15,498 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$518.8K
$453.9K – $605.2K
NOI $36,314 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial and office condominium with climate-controlled space, updated mechanical systems, and a recently replaced roof.
Where is this flex space located?
The property is located at 13030 Southwest 133rd Court Miami, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 950 of flex space in an industrial and office condominium; Entire unit is fully air‑conditioned; New HVAC system
