Flex Space with
For Sale
$340,000
Pending
13277 SW 124th St 9, Miami, FL 33186
Warehouse and office configuration provides separate areas for business operations and storage.
Property Size1,240 SF
Days on Market126
Property Features for 13277 SW 124th St 9
General Information
Standard status
Pending
Size
1,240 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,067
Building Details
Building Size
1,240 SF
Year Built
1989
Listing Agency:
Realty One Group Evolution
(305) 903-7215
Listed By:
Maria De Matos · License #3393360
(305) 903-7215
Source:
Elliman
Added: Apr 28
Changed: Aug 31
Last Checked: Aug 31 at 1:55AM
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 Realty One Group Evolution
Investment Insights
Based on property information with market context.
This flex space combines an office area with a dedicated storage section, supporting businesses that need administrative and operational functions within one commercial property. The building was constructed in 1989 and is located at 13277 SW 124th St 9 in Miami, Florida.
The property is near major roads, shopping centers, and residential neighborhoods. Walk Score is 56, Bike Score is 39, and Transit Score is 30, reflecting somewhat walkable, somewhat bikeable, and some-transit access.
The property is near major roads, shopping centers, and residential neighborhoods. Walk Score is 56, Bike Score is 39, and Transit Score is 30, reflecting somewhat walkable, somewhat bikeable, and some-transit access.
Key Highlights
- Warehouse configuration includes office and storage areas
- 1989 construction
- Located at 13277 SW 124th St 9, Miami, FL 33186
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
$20,229
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
5.95%
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%
$404,580
$404.6K
Cap Rate 7%
$288,986
$289.0K
Cap Rate 9%
$224,767
$224.8K
Market Conditions
NOI Build-Up for 1,240 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
$25.0K $20.16/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$23.8K $19.19/SF
− OpEx
−$3.6K −$2.88/SF
NOI
$20.2K $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%
$404,580
Cap Rate 7%
$288,986
Cap Rate 9%
$224,767
Alternative Uses
Best Use
Office B
$565.1K
$494.5K – $659.3K
NOI $39,557 @ 7.0% cap · market cap 11.63%
Second Best
Warehouse
$289.0K
$252.9K – $337.2K
NOI $20,229 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$677.1K
$592.5K – $790.0K
NOI $47,399 @ 7.0% cap · market cap 13.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,780
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 Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office configuration provides separate areas for business operations and storage.
Where is this flex space located?
The property is located at 13277 SW 124th St 9 Miami, FL.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Warehouse configuration includes office and storage areas; 1989 construction; Located at 13277 SW 124th St 9, Miami, FL 33186
