High-Visibility Flex/Industrial Space For
For Sale
Contact for pricing
13755 Sw 119th Ave, Miami, FL
Versatile flex/industrial space in established commercial corridor, strong demographics.
Property Size34,252 SF
Lot Size2.43 Acres
Price / SF$297.79
Days on Market415
Property Features for 13755 Sw 119th Ave
General Information
Standard status
Active
Size
34,252 SF
Lot size
2.43 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Avison Young | Miami
(305) 446-0011
Listed By:
John K. Crotty, CCIM · License #SL3079722025
(305) 345-9567
Source:
Moodyscre
Added: Jul 24, 2025
Changed: Aug 16
Last Checked: Sep 10 at 11:35AM
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 Avison Young | Miami
Investment Insights
Based on property information with market context.
This 34,252 square foot flex/industrial property is located in an established commercial corridor with strong demographics and business density. The property offers a versatile office/flex configuration suitable for owner-users. Its location provides high visibility and branding potential in a supply-constrained submarket.
Key Highlights
- High‑Visibility Location with Branding Potential
- Versatile Office/Flex Configuration
- Strategic Positioning for Owner‑Users
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
$502,271
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
4.92%
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%
$10,045,420
$10.0M
Cap Rate 7%
$7,175,300
$7.2M
Cap Rate 9%
$5,580,789
$5.6M
Market Conditions
NOI Build-Up for 34,252 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
$822.0K $24.00/SF
− Vacancy
−$49.3K −$1.44/SF
EGI
$772.7K $22.56/SF
− OpEx
−$270.5K −$7.90/SF
NOI
$502.3K $14.66/SF
Area
Miami, FL
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
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%
$10,045,420
Cap Rate 7%
$7,175,300
Cap Rate 9%
$5,580,789
Alternative Uses
Best Use
Flex RnD
$7.18M
$6.28M – $8.37M
NOI $502,271 @ 7.0% cap · market cap 4.92%
Second Best
Industrial
$6.57M
$5.75M – $7.67M
NOI $460,163 @ 7.0% cap · market cap 4.51%
Theoretical Best
Specialty Retail
$23.12M
$20.23M – $26.97M
NOI $1,618,422 @ 7.0% cap · market cap 15.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 - Versatile flex/industrial space in established commercial corridor, strong demographics.
Where is this flex space located?
The property is located at 13755 Sw 119th Ave Miami, FL.
What is the asking price?
The asking price for this property is $10,200,000.
What are key features of this property?
This property features: High‑Visibility Location with Branding Potential; Versatile Office/Flex Configuration; Strategic Positioning for Owner‑Users
