Gated Warehouse
For Sale
$650,000
14911 SW 137th St 14911, Miami, FL 33196
Gated access and flexible association business rules support a range of commercial operations, including automotive uses.
Property Size1,625 SF
Price / SF$400
Days on Market16
Property Features for 14911 SW 137th St 14911
General Information
Standard status
Active
Size
1,625 SF
Additional Details
Asking Price
$650,000
Warehouse Space
1,625 SF
Building Details
Year Built
2008
Listing Agency:
Real Estate Sales Force
(786) 339-1010
Listed By:
Ricardo Herrera · License #A11997650
Source:
Chenoregroup
Added: Aug 14
Changed: Aug 29
Last Checked: Aug 29 at 11:01AM
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 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 and was built in 2008. Gated access provides controlled entry, while the layout can accommodate a range of commercial operations. The association permits most business types, including automotive-related activities, which supports uses such as mechanical or auto service operations. Ample parking is also available for customers and staff.
The property may be acquired as the warehouse, the established business, or a combination of both, allowing the purchase structure to align with the buyer’s objectives. Its physical configuration, controlled access, parking, and broad association business permissions create a practical setting for an owner-user or commercial operator.
The property may be acquired as the warehouse, the established business, or a combination of both, allowing the purchase structure to align with the buyer’s objectives. Its physical configuration, controlled access, parking, and broad association business permissions create a practical setting for an owner-user or commercial operator.
Key Highlights
- Approximately 1,625 square feet of warehouse space
- Gated access for controlled entry
- Built in 2008
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
Flex RnD
$340.4K
$297.9K – $397.2K
NOI $23,829 @ 7.0% cap · market cap 3.67%
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
Property Profile
Current Use
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Gated access and flexible association business rules support a range of commercial operations, including automotive uses.
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 for controlled entry; Built in 2008
