Gated Warehouse
For Sale
$650,000
Pending
14911-14911 Sw 137th St, Miami, FL 33196
Controlled entry, on-site parking, and association rules accommodating most business types support flexible commercial use.
Property Size1,625 SF
Days on Market139
Property Features for 14911-14911 Sw 137th St
General Information
Standard status
Pending
Size
1,625 SF
Financials
Asking Price
$650,000
Business Included
Yes
Additional Details
Warehouse Space
1,625 SF
Amenities
gated access
Listing Agency:
Real Estate Sales Force
(786) 339-1010
Listed By:
Ricardo Albenis Herrera · License #A11997650
(786) 339-1010
Source:
Exprealty
Added: Apr 8
Changed: Aug 20
Last Checked: Aug 23 at 7:41AM
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 Real Estate Sales Force
Investment Insights
Based on property information with market context.
This warehouse property contains approximately 1,625 square feet of functional space with gated access for controlled entry. The configuration is suitable for a range of commercial operations, while association rules permit most business types, including automotive-related activities.
The property is located at 14911-14911 SW 137th St in Miami, Florida. On-site parking supports customer and employee access. Purchase options include the warehouse, the established business, or both together, providing flexibility for an owner-user or investor.
The property is located at 14911-14911 SW 137th St in Miami, Florida. On-site parking supports customer and employee access. Purchase options include the warehouse, the established business, or both together, providing flexibility for an owner-user or investor.
Key Highlights
- Approximately 1,625 square feet of warehouse space
- Gated access provides controlled entry
- Association permits most types of businesses
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
$26,509
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
4.08%
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%
$530,180
$530.2K
Cap Rate 7%
$378,700
$378.7K
Cap Rate 9%
$294,544
$294.5K
Market Conditions
NOI Build-Up for 1,625 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
$32.8K $20.16/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$31.2K $19.19/SF
− OpEx
−$4.7K −$2.88/SF
NOI
$26.5K $16.31/SF
Area
Miami, FL
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%
$530,180
Cap Rate 7%
$378,700
Cap Rate 9%
$294,544
Alternative Uses
Best Use
Warehouse
$378.7K
$331.4K – $441.8K
NOI $26,509 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.10M
$959.8K – $1.28M
NOI $76,782 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,055
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33196, FL
52,786
Population
17,713
Households
3
Avg Household Size
39
Median Age
38%
College-Educated
90%
High-School Grad
52.2 sq mi
ZIP Area
1,011
Density / Sq Mi
$93,370
Median Household Income
$46,729
Median Earnings
$2,114
Median Rent
$457,300
Median Home Value
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- White Glove Delivery & Storage — 15050 SW 137th St #3, Miami, FL 33196
- TemperaCure — 14163 SW 142nd Ave, Miami, FL 33186
- VIP Auto Storage — 14370 SW 139th Ct, Miami, FL 33186
Frequently Asked Questions
What type of property is this?
Warehouse - Controlled entry, on-site parking, and association rules accommodating most business types support flexible commercial use.
Where is this warehouse located?
The property is located at 14911-14911 Sw 137th St Miami, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approximately 1,625 square feet of warehouse space; Gated access provides controlled entry; Association permits most types of businesses
