Flex Space with Private
For Sale
$470,000
14395 SW 139th Ct 108, Miami, FL 33186
Industrial-area unit offers high-clearance space, a private office, one restroom, and three assigned parking spaces.
Property Size1,544 SF
Price / SF$304.40
Days on Market10
Property Features for 14395 SW 139th Ct 108
General Information
Standard status
Active
Size
1,544 SF
Total Parking Spaces
3
Additional Details
Highway Access
Yes
Building Details
Year Built
2003
Listing Agency:
United Realty Group Inc
(305) 439-3001
Listed By:
Cindy Michelle Rodriguez · License #3568340
Source:
Thepennteam
Added: Aug 20
Changed: Aug 27
Last Checked: Aug 29 at 11:52AM
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 United Realty Group Inc
Investment Insights
Based on property information with market context.
This 1,544 SF flex space includes a private office, one restroom, and ceilings exceeding 18 feet. The unit also comes with three assigned parking spaces and was built in 2003, providing a practical configuration for commercial and industrial operations.
The property is positioned in West Kendall with access to Tamiami Airport and the Florida Turnpike within minutes. Its setting in an established industrial area supports convenient connectivity for businesses requiring flex-oriented space.
The property is positioned in West Kendall with access to Tamiami Airport and the Florida Turnpike within minutes. Its setting in an established industrial area supports convenient connectivity for businesses requiring flex-oriented space.
Key Highlights
- 1,544 SF flex space in West Kendall
- Ceiling height of 18+ ft
- Private office included
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
$25,188
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
5.36%
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%
$503,760
$503.8K
Cap Rate 7%
$359,829
$359.8K
Cap Rate 9%
$279,867
$279.9K
Market Conditions
NOI Build-Up for 1,544 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
$31.1K $20.16/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$29.6K $19.19/SF
− OpEx
−$4.4K −$2.88/SF
NOI
$25.2K $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%
$503,760
Cap Rate 7%
$359,829
Cap Rate 9%
$279,867
Alternative Uses
Best Use
Warehouse
$359.8K
$314.9K – $419.8K
NOI $25,188 @ 7.0% cap · market cap 5.36%
Second Best
Flex RnD
$355.8K
$311.3K – $415.1K
NOI $24,905 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$843.1K
$737.8K – $983.7K
NOI $59,020 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,830
Businesses Nearby
Well-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
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Similar Off Market Nearby
- Jerry's Kitchen - Miami Catering Company — 13727 SW 152nd St, Miami, FL 33186
- Picameal Catering — 14395 SW 139th Ct #106, Miami, FL 33186
- Personal Chef Services and Event Productions — 14182 SW 139th Ct, Miami, FL 33186
- Pasta Party Miami, Inc. — 14350 SW 140th St #106, Miami, FL 33186
- Uniq Catering — 13920 SW 139th Ct, Miami, FL 33186
Frequently Asked Questions
What type of property is this?
Flex space - Industrial-area unit offers high-clearance space, a private office, one restroom, and three assigned parking spaces.
Where is this flex space located?
The property is located at 14395 SW 139th Ct 108 Miami, FL.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 1,544 SF flex space in West Kendall; Ceiling height of 18+ ft; Private office included
