Miami Executive Airport Office
13040 SW 123rd Ave, Miami, FL 33186
For Sale
Contact for pricing
9,912 sq ft office warehouse near Miami Executive Airport.
Property Size9,912 SF
Lot Size0.43 Acres
Price / SF$0.00
Days on Market247
Property Features for 13040 SW 123rd Ave
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Houseium Inc.
Listed By:
Richard Diaz · License FL #3134051
(305) 343-1151
Source:
Elliman
Added: Mar 11
Changed: Aug 25
Last Checked: Oct 26 at 8:07AM
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 Houseium Inc.
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Investment Insights
Based on property information with market context.
Available for lease is a 9,912 sq. ft. standalone office warehouse located in the Miami Executive Airport area. The property features a mix of office and warehouse areas, high ceilings, and multiple roll-up doors. Ample parking is available. The space is suitable for distribution, logistics, manufacturing, or showroom use. It offers access to major highways and business hubs. The property is move-in ready and located in an industrial corridor.
Key Highlights
- Prime location in the highly desirable Miami Executive Airport area.
- Versatile 9,912 sq. ft. standalone office warehouse space.
- Functional mix of office and warehouse areas.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,164
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,663,280
$2.7M
Cap Rate 7%
$1,902,343
$1.9M
Cap Rate 9%
$1,479,600
$1.5M
Market Conditions
NOI Build-Up for 9,912 SF
Gross rent
$199.8K $20.16/SF
− Vacancy
−$9.6K −$0.97/SF
EGI
$190.2K $19.19/SF
− OpEx
−$57.1K −$5.76/SF
NOI
$133.2K $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%
$2,663,280
Cap Rate 7%
$1,902,343
Cap Rate 9%
$1,479,600
Alternative Uses
Best Use
Flex RnD
$2.28M
$2.00M – $2.66M
NOI $159,885 @ 7.0% cap
Second Best
Industrial
$1.90M
$1.66M – $2.22M
NOI $133,164 @ 7.0% cap
Theoretical Best
Office A
$5.41M
$4.74M – $6.31M
NOI $378,889 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,486
Businesses Nearby
Balanced
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
$422,300
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Miami, FL
Properties on Market for Flex space in Miami
Vacancy Rate% for Industrial in Miami, FL
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- The Pickled Beet Miami Personal Chef — 12276 SW 131st Ave, Miami, FL 33186
Frequently Asked Questions
What type of property is this?
Flex space - 9,912 sq ft office warehouse near Miami Executive Airport.
Where is this flex space located?
The property is located at 13040 SW 123rd Ave Miami, FL.
What are key features of this property?
This property features: Prime location in the highly desirable Miami Executive Airport area.; Versatile 9,912 sq. ft. standalone office warehouse space.; Functional mix of office and warehouse areas.
