Gated Warehouse
For Sale
$650,000
Pending
14911 SW 137th St, Miami, FL 33196
Commercial Sale, FL
Property Size1,625 SF
Days on Market54
Property Features for 14911 SW 137th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
7700
Subdivision
59
Standard status
Pending
APN
30-59-21-036-0060
Taxes and HOA fees
Tax Description
BELCAR INDUSTRIAL PARK CONDO UNIT 14911 UNDIV 14.15% INT IN COMMON ELEMENTS OFF REC 32318-2973
Legal Description
BELCAR INDUSTRIAL PARK CONDO UNIT 14911 UNDIV 14.15% INT IN COMMON ELEMENTS OFF REC 32318-2973
Amenities
gated access
Building Details
Year built
2008
Listing Agency:
Real Estate Sales Force
(305) 392-1497
Listed By:
Ricardo Herrera · License #3477753
(786) 339-1010
Added: Jun 30
Changed: Aug 21
Last Checked: Aug 22 at 1:06AM
MLS# A11997650
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2008, this warehouse property provides approximately 1,625 square feet of functional commercial space with gated access for controlled entry. Ample parking supports convenient access for customers and staff.
Located at 14911 SW 137th St in Miami-Dade County, Florida, the property is governed by an association that permits most business types, including automotive-related uses. The space may suit mechanics, auto services, and similar operations as permitted by the association.
Ownership is offering flexibility to acquire the warehouse, the established business, or both together, allowing the transaction to be structured around the selected asset.
Located at 14911 SW 137th St in Miami-Dade County, Florida, the property is governed by an association that permits most business types, including automotive-related uses. The space may suit mechanics, auto services, and similar operations as permitted by the association.
Ownership is offering flexibility to acquire the warehouse, the established business, or both together, allowing the transaction to be structured around the selected asset.
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 = 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
$53,017
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
8.16%
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%
$1,060,340
$1.1M
Cap Rate 7%
$757,386
$757.4K
Cap Rate 9%
$589,078
$589.1K
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
$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 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%
$1,060,340
Cap Rate 7%
$757,386
Cap Rate 9%
$589,078
Alternative Uses
Best Use
Retail
$757.4K
$662.7K – $883.6K
NOI $53,017 @ 7.0% cap · market cap 8.16%
Second Best
Warehouse
$378.7K
$331.4K – $441.8K
NOI $26,509 @ 7.0% cap · market cap 4.08%
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.
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 - Association rules accommodate most businesses, including automotive-related operations.
Where is this warehouse located?
The property is located at 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 allows most business types, including automotive‑related uses
