Industrial Flex Condo
13605 SW 149th Ave # 10 Miami, FL 33196
13605 SW 149th Ave # 10, Miami, FL, 33196
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For Sale
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Industrial condo unit combines office and warehouse space with high ceilings and convenient overhead access.
Property Size1,800 SF
Price / SF$399.44
Days on Market187
Property Features for 13605 SW 149th Ave # 10
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 2003
Listing agency
MGR Realty Services, Inc.
(239) 325-7770
Listed by
Madeline Garcia · License #3162023
Source
Crexi
Added: Jan 17 Updated: Jul 22 at 1:34PM Checked: Jul 22 at 1:34PM
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 MGR Realty Services, Inc.
Investment Insights
Based on property information with market context.
This industrial condo unit is a combined office and warehouse space, designed to support both work and storage needs. The warehouse features high ceilings, along with convenient overhead access. The property also includes impact windows and doors, and it offers a practical on-site parking arrangement with two assigned spaces and ample visitor parking.
The unit is located near Tamiami Airport, providing a convenient connection point for regional access.
As an industrial condo, the property is subject to association fees, which are noted as low in the available information.
The unit is located near Tamiami Airport, providing a convenient connection point for regional access.
As an industrial condo, the property is subject to association fees, which are noted as low in the available information.
Key Highlights
- Industrial condo unit built in 2003 with combined office and warehouse space
- Warehouse features high ceilings and convenient overhead access
- Includes impact windows and impact doors
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.0k | $45.00 |
| − Vacancy | −$12.2k | −$6.75 |
| EGI | $68.9k | $38.25 |
| − OpEx | −$17.2k | −$9.56 |
| NOI | $51.6k | $28.69 |
1,800 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$737.7K
$645.5K – $860.6K
NOI $51,638 @ 7.0% cap · market cap 7.18%
Second Best
Warehouse
$419.5K
$367.1K – $489.4K
NOI $29,364 @ 7.0% cap · market cap 4.08%
Theoretical Best
Specialty Retail
$1.22M
$1.06M – $1.42M
NOI $85,051 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Extreme Air Service ...
Hardware & Home Improvement
SOUTH FLORIDA LOCKS ...
Hardware & Home Improvement
South Kendall Interiors ...
(Bike/Boat/Book/etc) Store
Quixote Printing Imprenta
(Bike/Boat/Book/etc) Store
Quixote Printing
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Pasta Party Miami, Inc. — 14350 SW 140th St #106, Miami, FL 33186
- Uniq Catering — 13920 SW 139th Ct, Miami, FL 33186
- Casa di Nonna — 13920 SW 139th Ct, Miami, FL 33186
- Personal Chef Services and Event Productions — 14182 SW 139th Ct, Miami, FL 33186
- Hibachi Live — 13920 SW 139th Ct, Miami, FL 33186
FAQs
What type of property is this?
Flex space - Industrial condo unit combines office and warehouse space with high ceilings and convenient overhead access.
Where is this flex space located?
The property is located at 13605 SW 149th Ave # 10 Miami, FL.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Industrial condo unit built in 2003 with combined office and warehouse space; Warehouse features high ceilings and convenient overhead access; Includes impact windows and impact doors
