Building Details

Year Built 2008

Listing Agency: Real Estate Sales Force

Listed By: Ricardo Herrera · License #3477753 Show Phone

Source: Chenoregroup

Added: Aug 21 Changed: Oct 6 Last Checked: Oct 7 at 2:30PM

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Investment Insights

Based on property information with market context.

This warehouse property provides approximately 1,625 square feet of commercial space with gated entry for controlled access. The building was constructed in 2008, and the layout can accommodate a range of business operations. The association permits most business types and specifically allows automotive-related uses, supporting mechanics, auto services, and similar occupants.

The property is located at 14911 SW 137th St #14911 in Miami-Dade, Florida. Ample parking is available on site, providing convenient access for customers and employees. The offering can be structured around the warehouse, the established business, or both together, subject to the selected purchase option.

Key Highlights

• Approximately 1,625 square feet of warehouse space
• Gated access provides controlled entry
• Association allows most business types, including automotive‑related uses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$53,017

Cap Rate

8.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,060,340 $1.1M

Cap Rate 7%

$757,386 $757.4K

Cap Rate 9%

$589,078 $589.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,625 SF

Gross rent

$84.4K $51.96/SF

− Vacancy

−$8.7K −$5.35/SF

EGI

$75.7K $46.61/SF

− OpEx

−$22.7K −$13.98/SF

NOI

$53.0K $32.63/SF

Area

Miami, FL

Vacancy

10.30%

Lease Rate

$51.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,060,340

Cap Rate 7%

$757,386

Cap Rate 9%

$589,078

Alternative Uses

Best Use

Retail

$757.4K

$662.7K – $883.6K (±1% cap)

NOI $53,017 @ 7.0% cap · market cap 8.16%

Second Best

Warehouse

$378.7K

$331.4K – $441.8K (±1% cap)

NOI $26,509 @ 7.0% cap · market cap 4.08%

Theoretical Best

Specialty Retail

$1.10M

$959.8K – $1.28M (±1% cap)

NOI $76,782 @ 7.0% cap · market cap 11.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Restaurant Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

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

4.1% 2019

4.6% 2020

2.2% 2021

1.6% 2022

2.4% 2023

5.7% 2024

6.5% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Gated access and broad association rules accommodate a range of commercial and automotive-related businesses.

Where is this warehouse located?

The property is located at 14911 SW 137th St 14911 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 allows most business types, including automotive‑related uses