Gated Warehouse
For Sale
$650,000
Pending
14911 SW 137th St #14911, Miami, FL 33196
Gated access and broad association rules accommodate a range of commercial and automotive-related businesses.
Property Size1,625 SF
Days on Market96
Property Features for 14911 SW 137th St #14911
General Information
Standard status
Pending
Size
1,625 SF
Property subtype
Commercial
Additional Details
Asking Price
$650,000
Fenced Yard
Yes
Warehouse Space
1,625 SF
Amenities
gated access
Building Details
Year Built
2008
Listing Agency:
REAL ESTATE SALES FORCE
(786) 339-1010
Listed By:
RICARDO HERRERA · License #A11997650
Source:
Corcoran
Added: May 20
Changed: Aug 22
Last Checked: Aug 23 at 5:32AM
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 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.
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 = 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
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
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 - 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
