Flex Space with Office and Bay
For Sale
$285,000
137-13390 Sw 131st St, Miami, FL 33186
Functional flex unit with first-floor warehouse space, second-floor office under central A/C, plus restroom and parking.
Property Size530 SF
Price / SF$537.74
Days on Market13
Property Features for 137-13390 Sw 131st St
General Information
Standard status
Active
Size
530 SF
Total Parking Spaces
2
Additional Details
Highway Access
Yes
Conditioned Warehouse
Yes
Amenities
private restroom
small kitchenette
Building Details
Stories
2
Listing Agency:
Coldwell Banker Realty
(786) 760-0372
Listed By:
Alejandra E Alfaro
(786) 760-0372
Source:
Exprealty
Added: Jul 20
Changed: Jul 31
Last Checked: Jul 31 at 2:55PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Functional flex unit offering warehouse space on the first floor and an office on the second floor, with the entire unit under central A/C for year-round comfort. The property includes a 10 foot bay door for loading and unloading, a private restroom, and a small kitchenette.
The unit also comes with two assigned parking spaces, plus additional guest parking. It is ideally located in the Tamiami airport industrial district, with quick access to major highways and surrounded by a concentrated warehouse and commercial area.
The unit also comes with two assigned parking spaces, plus additional guest parking. It is ideally located in the Tamiami airport industrial district, with quick access to major highways and surrounded by a concentrated warehouse and commercial area.
Key Highlights
- 530 sq ft flex unit with first‑floor warehouse and second‑floor office
- Entire unit under central A/C for year‑round comfort
- 10 foot bay door for convenient loading and unloading
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 | $26.5k | $50.04 |
| − Vacancy | −$4.0k | −$7.51 |
| EGI | $22.5k | $42.53 |
| − OpEx | −$5.6k | −$10.63 |
| NOI | $16.9k | $31.90 |
530 SF · lease $50.04/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$241.5K
$211.3K – $281.8K
NOI $16,907 @ 7.0% cap · market cap 5.93%
Second Best
Warehouse
$123.5K
$108.1K – $144.1K
NOI $8,646 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$289.4K
$253.2K – $337.7K
NOI $20,259 @ 7.0% cap · market cap 7.11%
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
883
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 Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Functional flex unit with first-floor warehouse space, second-floor office under central A/C, plus restroom and parking.
Where is this flex space located?
The property is located at 137-13390 Sw 131st St Miami, FL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 530 sq ft flex unit with first‑floor warehouse and second‑floor office; Entire unit under central A/C for year‑round comfort; 10 foot bay door for convenient loading and unloading
