Flex Space with
For Sale
$510,000
14213 SW 139th Ct 4, Miami, FL 33186
Office, bathroom, and three-phase service are available within this operational commercial space.
Property Size1,673 SF
Price / SF$304.84
Days on Market28
Property Features for 14213 SW 139th Ct 4
General Information
Standard status
Active
Size
1,673 SF
Total Parking Spaces
2
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
18 ft
Three-Phase Power
Yes
Building Details
Year Built
2003
Listing Agency:
1 Miami Realty
Listed By:
Isbelia Di Stefano · License #A12088858
(305) 594-2600
Source:
Thepennteam
Added: Sep 4
Changed: Sep 22
Last Checked: Sep 30 at 3:48PM
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 1 Miami Realty
Investment Insights
Based on property information with market context.
This 1,673-square-foot flex property combines office and warehouse space in a practical commercial configuration. The premises include an office, bathroom, 18-foot ceiling height, and three-phase service availability. Two assigned parking spaces are included, supporting daily access for occupants and visitors.
Built in 2003, the property is located at 14213 SW 139th Ct 4 in Miami, within the Kendall and Tamiami Airport area. The site offers access to major highways. WalkScore is 51, BikeScore is 43, and TransitScore is 27.
Built in 2003, the property is located at 14213 SW 139th Ct 4 in Miami, within the Kendall and Tamiami Airport area. The site offers access to major highways. WalkScore is 51, BikeScore is 43, and TransitScore is 27.
Key Highlights
- 1673 SQF office/warehouse combination
- 18‑foot ceiling height
- Three‑phase available
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
$27,292
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
5.35%
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%
$545,840
$545.8K
Cap Rate 7%
$389,886
$389.9K
Cap Rate 9%
$303,244
$303.2K
Market Conditions
NOI Build-Up for 1,673 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
$33.7K $20.16/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$32.1K $19.19/SF
− OpEx
−$4.8K −$2.88/SF
NOI
$27.3K $16.31/SF
Area
ZIP 33186
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%
$545,840
Cap Rate 7%
$389,886
Cap Rate 9%
$303,244
Alternative Uses
Best Use
Office B
$762.4K
$667.1K – $889.5K
NOI $53,370 @ 7.0% cap · market cap 10.46%
Second Best
Warehouse
$389.9K
$341.2K – $454.9K
NOI $27,292 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$913.6K
$799.4K – $1.07M
NOI $63,951 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
18 ft
Clear height
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,830
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Miami, FL
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Similar Off Market Nearby
- Jerry's Kitchen - Miami Catering Company — 13727 SW 152nd St, Miami, FL 33186
- Picameal Catering — 14395 SW 139th Ct #106, Miami, FL 33186
- Personal Chef Services and Event Productions — 14182 SW 139th Ct, Miami, FL 33186
- Pasta Party Miami, Inc. — 14350 SW 140th St #106, Miami, FL 33186
- Uniq Catering — 13920 SW 139th Ct, Miami, FL 33186
Frequently Asked Questions
What type of property is this?
Flex space - Office, bathroom, and three-phase service are available within this operational commercial space.
Where is this flex space located?
The property is located at 14213 SW 139th Ct 4 Miami, FL.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 1673 SQF office/warehouse combination; 18‑foot ceiling height; Three‑phase available
