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    Two-Story Office Space in Kendall Title is generated by Realmo AI

    13350 SW 128th St, Miami, FL 33186

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    Multi-tenant office building with excellent natural light and convenient access.

    Type:Office
    Property size:
    19,696 SF
    Added:
    May 26, 2026
    Days on Market:
    5
    Last Refresh:
    May 27 at 7:56 am

    Property Features for 13350 SW 128th St

    General Information

    Standard status
    Active
    Size
    19,696 SF
    Property subtype
    Office

    Building Details

    Year Built
    1986

    Spaces For Lease

    at 13350 SW 128th St Contact us

    We can help!

    Listing Contact
    Andrew Whitby
    Andrew Whitby

    Listing agent Andrew Whitby License #FL 3439946

    Listing office Lee & Associates - Miami

    Listing date May 26, 2026

    Source Crexi

    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 Lee & Associates - Miami

    HighLights

    • Strategically located in the heart of Kendall with immediate access to major roadways for convenient connectivity throughout Miami‑Dade County.
    • Two‑story end unit with an abundance of windows providing excellent natural light.
    • Dedicated amenities including two AC units, two restrooms (one on each floor), and a private kitchenette.
    • Features four private office spaces (two on each level).
    • 24‑hour access and covered parking availability.
    • Located near residential communities, retail destinations, restaurants, and professional services; approximately 26 minutes from Miami International Airport.

    Overview

    Park Place One is a two-story, multi-tenant office building totaling approximately 19,696 square feet, situated in Miami's Kendall submarket. The available unit features two floors, each equipped with a dedicated AC unit and a restroom. The layout includes four private office spaces, with two offices located on each level, along with a private kitchenette. As an end unit, the space benefits from an abundance of windows, providing natural light throughout. The property offers 24-hour access and covered parking. There are 43 surface parking spaces available on-site, with a parking ratio of 2.18 spaces per 1,000 square feet. Located along SW 128th Street in Kendall, Park Place One provides access to major roadways including SW 137th Avenue, SW 127th Avenue, and the Don Shula Expressway (SR 874), facilitating connectivity throughout Miami-Dade County. The property is approximately 26 minutes from Miami International Airport and is surrounded by residential communities, retail destinations, restaurants, and professional services. This location is suitable for professional office users seeking convenience and visibility.
    Location Intelligence

    Current Use by Public Records

    Century Title & Escrow ... Title Company Century Title & Escrow ... Title Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.411046
    Latitude
    25.648402

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    FAQs

    What type of property is this?
    Office units - Multi-tenant office building with excellent natural light and convenient access.
    Where is this office units located?
    The property is located at 13350 SW 128th St Miami, FL.
    What are key features of this property?
    This property features: Strategically located in the heart of Kendall with immediate access to major roadways for convenient connectivity throughout Miami‑Dade County.; Two‑story end unit with an abundance of windows providing excellent natural light.; Dedicated amenities including two AC units, two restrooms (one on each floor), and a private kitchenette.
    (305) 255-2622 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew Whitby
    Andrew Whitby
    Real Estate License ID: FL 3439946
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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