Corner Unit Warehouse Investment
For Sale
$730,000
13850 SW 143rd Court #14, Miami, FL 33186
2,309 sq ft warehouse with tenant in rapidly growing area.
Property Size2,309 SF
Price / SF$316.15
Days on Market150
Property Features for 13850 SW 143rd Court #14
General Information
Standard status
Active
Size
2,309 SF
Zoning
7700
Taxes and HOA fees
Annual Taxes
$6,032
Building Details
Building Size
2,309 SF
Year Built
2007
Listing Agency:
Samour Realty
(305) 606-2879
Listed By:
Arturo Bendek · License #3454121
(305) 606-2879
Source:
Laerrealty
Added: Mar 27
Changed: Aug 23
Last Checked: Aug 23 at 6:01AM
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 Samour Realty
Investment Insights
Based on property information with market context.
This 2,309 square foot corner unit warehouse is suitable for industrial or commercial use. It features a heavy-duty concrete mezzanine and is fully air-conditioned. The property is zoned for mixed-use, which allows for the operation of a low-traffic café. Located in a rapidly growing area near Lennar’s proposed new city, the property is also situated minutes from Tamiami Airport and the Turnpike ramp. The property is currently secured with a tenant under a 4-year contract, paying $4,250 per month, and has low HOA fees.
Key Highlights
- Great tenant in place under a 4‑year contract, paying $4,250/month providing immediate income.
- 2,309 sq ft corner unit warehouse with heavy‑duty concrete mezzanine**, suitable for various industrial/commercial uses.
- Zoned for mixed‑use, allowing for a low‑traffic café, increasing potential revenue streams.
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
$60,473
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
8.28%
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%
$1,209,460
$1.2M
Cap Rate 7%
$863,900
$863.9K
Cap Rate 9%
$671,922
$671.9K
Market Conditions
NOI Build-Up for 2,309 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
$83.1K $36.00/SF
− Vacancy
−$2.5K −$1.08/SF
EGI
$80.6K $34.92/SF
− OpEx
−$20.2K −$8.73/SF
NOI
$60.5K $26.19/SF
Area
ZIP 33186
Vacancy
3.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,209,460
Cap Rate 7%
$863,900
Cap Rate 9%
$671,922
Alternative Uses
Best Use
Specialty Retail
$863.9K
$755.9K – $1.01M
NOI $60,473 @ 7.0% cap · market cap 8.28%
Second Best
Mixed Use
$569.0K
$497.9K – $663.8K
NOI $39,830 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,262 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,488
Businesses Nearby
Balanced
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 Industrial in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 2,309 sq ft warehouse with tenant in rapidly growing area.
Where is this warehouse located?
The property is located at 13850 SW 143rd Court #14 Miami, FL.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Great tenant in place under a 4‑year contract, paying $4,250/month providing immediate income.; 2,309 sq ft corner unit warehouse with heavy‑duty concrete mezzanine**, suitable for various industrial/commercial uses.; Zoned for mixed‑use, allowing for a low‑traffic café, increasing potential revenue streams.
