Industrial Flex
For Sale
$445,000
13220 SW 132nd Ave # 4 Unit A-4, Miami, FL 33186
Adaptable commercial unit suited to office, storage, distribution, or light industrial operations.
Property Size1,260 SF
Days on Market18
Property Features for 13220 SW 132nd Ave # 4 Unit A-4
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Flex Space
Additional Details
Highway Access
Yes
Building Details
Building Size
1,260 SF
Year Built
2007
Listing Agency:
The Firm
(786) 239-9605
Listed By:
Adrian Gonzalez · License #3508901
Source:
Miamibrokersgroup
Added: Aug 13
Changed: Aug 29
Last Checked: Aug 29 at 11:15AM
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 The Firm
Investment Insights
Based on property information with market context.
This flex space unit provides a configurable commercial layout for a range of operational needs, including office functions, storage, distribution, and light industrial activity. The property is identified as Unit A-4 and was built in 2007, offering an established warehouse-oriented setting for an owner-user or business operation.
The asset is located in Miami, Florida, within an established Miami-Dade industrial and commercial area. Access to major roadways and the Florida Turnpike supports regional connectivity for business, service, and distribution activity.
The asset is located in Miami, Florida, within an established Miami-Dade industrial and commercial area. Access to major roadways and the Florida Turnpike supports regional connectivity for business, service, and distribution activity.
Key Highlights
- Flex space identified as Unit A‑4
- Built in 2007
- Adaptable layout for office, storage, distribution, or light industrial use
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
$20,555
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
4.62%
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%
$411,100
$411.1K
Cap Rate 7%
$293,643
$293.6K
Cap Rate 9%
$228,389
$228.4K
Market Conditions
NOI Build-Up for 1,260 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
$25.4K $20.16/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$24.2K $19.19/SF
− OpEx
−$3.6K −$2.88/SF
NOI
$20.6K $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%
$411,100
Cap Rate 7%
$293,643
Cap Rate 9%
$228,389
Alternative Uses
Best Use
Warehouse
$293.6K
$256.9K – $342.6K
NOI $20,555 @ 7.0% cap · market cap 4.62%
Second Best
Flex RnD
$290.3K
$254.1K – $338.7K
NOI $20,324 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$688.1K
$602.1K – $802.7K
NOI $48,164 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
157
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.
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial unit suited to office, storage, distribution, or light industrial operations.
Where is this flex space located?
The property is located at 13220 SW 132nd Ave # 4 Unit A-4 Miami, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Flex space identified as Unit A‑4; Built in 2007; Adaptable layout for office, storage, distribution, or light industrial use
