Corner End Warehouse with Second
For Sale
Contact for pricing
14250 SW 136th St # 5, Miami, FL 33186
Gated corner end warehouse with legally built second floor and condo restrictions on permitted business activities.
Property Size2,546 SF
Price / SF$269.67
Days on Market64
Property Features for 14250 SW 136th St # 5
General Information
Standard status
Active
Size
2,546 SF
Property subtype
Industrial
Building Details
Year Built
1989
Listing Agency:
Realty Plus, LLC
Listed By:
Alfredo Perez · License #0684243
Source:
Crexi
Added: Jun 5
Changed: Jul 10
Last Checked: Aug 4 at 10:36AM
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 Realty Plus, LLC
Investment Insights
Based on property information with market context.
Warehouse #5 is a corner end warehouse within a gated complex and is offered for sale. The unit has a legally built second floor, which results in limited ceiling height throughout the space. This condo-style configuration supports uses that align with the building’s physical layout and the association’s operating requirements.
The warehouse is located on SW 136th Street, and the complex is described as being parallel to Tamiami Airport. The property is gated from sundown to sunset, with Warehouse #5 and Warehouse #6 both having the same legally built second-floor feature. The seller notes an additional opportunity to purchase Warehouse #6 next door under ML#A12032189.
The condo association will not approve certain types of businesses, including vehicle sales, mechanics, tire uses, paint & body shops, food processing, and businesses that use or store chemicals. Prospective buyers should plan their intended operations around these restrictions and the limited ceiling height created by the built second floor. For showings, contact the office/agent directly to arrange an appointment or request additional property information.
The warehouse is located on SW 136th Street, and the complex is described as being parallel to Tamiami Airport. The property is gated from sundown to sunset, with Warehouse #5 and Warehouse #6 both having the same legally built second-floor feature. The seller notes an additional opportunity to purchase Warehouse #6 next door under ML#A12032189.
The condo association will not approve certain types of businesses, including vehicle sales, mechanics, tire uses, paint & body shops, food processing, and businesses that use or store chemicals. Prospective buyers should plan their intended operations around these restrictions and the limited ceiling height created by the built second floor. For showings, contact the office/agent directly to arrange an appointment or request additional property information.
Key Highlights
- Warehouse built in 1989 with gated access (Sundown to Sunset)
- Corner end Warehouse #5 on SW 136 Street, parallel to Tamiami Airport
- Warehouse #5 has a legally built 2nd floor, creating limited high ceiling height
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
$41,534
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
6.05%
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%
$830,680
$830.7K
Cap Rate 7%
$593,343
$593.3K
Cap Rate 9%
$461,489
$461.5K
Market Conditions
NOI Build-Up for 2,546 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
$51.3K $20.16/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$48.9K $19.19/SF
− OpEx
−$7.3K −$2.88/SF
NOI
$41.5K $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%
$830,680
Cap Rate 7%
$593,343
Cap Rate 9%
$461,489
Alternative Uses
Best Use
Warehouse
$593.3K
$519.2K – $692.2K
NOI $41,534 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,322 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,620
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
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 - Gated corner end warehouse with legally built second floor and condo restrictions on permitted business activities.
Where is this warehouse located?
The property is located at 14250 SW 136th St # 5 Miami, FL.
What is the asking price?
The asking price for this property is $686,580.
What are key features of this property?
This property features: Warehouse built in 1989 with gated access (Sundown to Sunset); Corner end Warehouse #5 on SW 136 Street, parallel to Tamiami Airport; Warehouse #5 has a legally built 2nd floor, creating limited high ceiling height
