Flex Space with Office
New
For Sale
$695,000
7311 NW 12th St 20, Miami, FL 33126
Warehouse and office configuration with multi-level workspace, a roll-up bay door, and access to major regional highways.
Property Size2,226 SF
Price / SF$312.22
Days on Market3
Property Features for 7311 NW 12th St 20
General Information
Standard status
Active
Size
2,226 SF
Warehouse & Industrial
Clear Height
21 ft
Office Build-Out
1,700 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Listing Agency:
Homelux International Realty, Inc.
Listed By:
Carlos Suarez · License #3399607
Source:
Chenoregroup
Added: Sep 12
Changed: Sep 13
Last Checked: Sep 13 at 3:58PM
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 Homelux International Realty, Inc.
Investment Insights
Based on property information with market context.
This flex space combines warehouse functionality with a two-level office component. The approximately 2,226-square-foot property includes warehouse areas with ceiling heights of 9 feet and 21 feet, along with an electric roll-up bay door measuring 10 feet by 12 feet. The office portion spans approximately 1,700 square feet and includes reception, three offices, an open work area, a kitchenette, and two bathrooms. Individual office areas are identified as 372 square feet, 170 square feet, and 125 square feet.
Built in 1980, the property is positioned near Miami International Airport and provides access to the Palmetto Expressway, Dolphin Expressway, and Florida’s Turnpike. The highway network supports regional movement and distribution-related operations.
Built in 1980, the property is positioned near Miami International Airport and provides access to the Palmetto Expressway, Dolphin Expressway, and Florida’s Turnpike. The highway network supports regional movement and distribution-related operations.
Key Highlights
- ±2,226 Sq.Ft. warehouse and office space
- ±1,700 Sq.Ft. of office space across two floors
- 9’ and 21’ warehouse ceiling heights
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
$36,314
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
5.23%
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%
$726,280
$726.3K
Cap Rate 7%
$518,771
$518.8K
Cap Rate 9%
$403,489
$403.5K
Market Conditions
NOI Build-Up for 2,226 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
$44.9K $20.16/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$42.7K $19.19/SF
− OpEx
−$6.4K −$2.88/SF
NOI
$36.3K $16.31/SF
Area
Miami, FL
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%
$726,280
Cap Rate 7%
$518,771
Cap Rate 9%
$403,489
Alternative Uses
Best Use
Warehouse
$518.8K
$453.9K – $605.2K
NOI $36,314 @ 7.0% cap · market cap 5.23%
Second Best
Flex RnD
$466.3K
$408.0K – $544.0K
NOI $32,642 @ 7.0% cap · market cap 4.70%
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,180 @ 7.0% cap · market cap 15.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
21 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,017
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office configuration with multi-level workspace, a roll-up bay door, and access to major regional highways.
Where is this flex space located?
The property is located at 7311 NW 12th St 20 Miami, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: ±2,226 Sq.Ft. warehouse and office space; ±1,700 Sq.Ft. of office space across two floors; 9’ and 21’ warehouse ceiling heights
