Office/Warehouse Flex
For Sale
Contact for pricing
18505 SW 104th Ave, Cutler Bay, FL 33157
Well-maintained warehouse flex units offer adaptable office, storage, showroom, and industrial space with ample parking.
Property Size21,101 SF
Days on Market144
Property Features for 18505 SW 104th Ave
General Information
Standard status
Active
Size
21,101 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
21,101 SF
Year Built
1998
Listed By:
Joel Lusky
(305) 761-5259
Source:
Elliman
Added: Jun 1
Changed: Oct 19
Last Checked: Oct 20 at 9:39PM
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 Joel Lusky
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Investment Insights
Based on property information with market context.
This well-maintained flex property provides warehouse units that can support office/warehouse use, as well as storage, showroom, and industrial applications. Multiple unit sizes are available, and space can be combined to accommodate larger occupancy needs, making the layout flexible for different operational requirements.
The property offers convenient access to US-1 and the Florida Turnpike, with easy on-site accessibility and ample parking. The setting is described as clean and quiet, intended to support a business-friendly environment for daily use.
The property offers convenient access to US-1 and the Florida Turnpike, with easy on-site accessibility and ample parking. The setting is described as clean and quiet, intended to support a business-friendly environment for daily use.
Key Highlights
- Well‑maintained warehouse flex units at Eureka Palm in Cutler Bay
- Units available from approximately 600 SF to 720 SF, with option to combine for larger space needs
- Suitable for office/warehouse, storage, showroom, and industrial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$227,800
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,556,000
$4.6M
Cap Rate 7%
$3,254,286
$3.3M
Cap Rate 9%
$2,531,111
$2.5M
Market Conditions
NOI Build-Up for 21,101 SF
Gross rent
$344.4K $16.32/SF
− Vacancy
−$18.9K −$0.90/SF
EGI
$325.4K $15.42/SF
− OpEx
−$97.6K −$4.63/SF
NOI
$227.8K $10.80/SF
Area
ZIP 33157
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,556,000
Cap Rate 7%
$3,254,286
Cap Rate 9%
$2,531,111
Alternative Uses
Best Use
Flex RnD
$4.81M
$4.21M – $5.61M
NOI $336,747 @ 7.0% cap · market cap 20,786.85%
Second Best
Warehouse
$3.95M
$3.46M – $4.61M
NOI $276,614 @ 7.0% cap · market cap 17,074.94%
Theoretical Best
Office A
$10.71M
$9.37M – $12.49M
NOI $749,380 @ 7.0% cap · market cap 46,258.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,733
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33157, FL
68,069
Population
23,176
Households
2.9
Avg Household Size
42
Median Age
33%
College-Educated
86%
High-School Grad
14.9 sq mi
ZIP Area
4,568
Density / Sq Mi
$80,364
Median Household Income
$38,803
Median Earnings
$1,493
Median Rent
$478,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained warehouse flex units offer adaptable office, storage, showroom, and industrial space with ample parking.
Where is this flex space located?
The property is located at 18505 SW 104th Ave Cutler Bay, FL.
What are key features of this property?
This property features: Well‑maintained warehouse flex units at Eureka Palm in Cutler Bay; Units available from approximately 600 SF to 720 SF, with option to combine for larger space needs; Suitable for office/warehouse, storage, showroom, and industrial use
