Open Flex Space
40 SW 13 ST Unit SPH1, Miami, FL 33130
For Sale
Contact for pricing
Totally open flex space offering a straightforward layout for a variety of small commercial uses.
Property Size50,000 SF
Price / SF$0.03
Days on Market155
Property Features for 40 SW 13 ST Unit SPH1
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
AG Real Estate Advisors, LLC
Listed By:
Maria Bottas · License FL #3140898
(305) 305-1280
Source:
Batrare
Added: Jun 11
Changed: Nov 10
Last Checked: Nov 12 at 3:12PM
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 AG Real Estate Advisors, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex space is presented as approximately 1,000 SF and configured as a totally open area. The open layout is well suited for users who want flexibility in how they set up workstations, production workflows, or customer-serving uses within a single, uninterrupted space.
The property is located at 40 SW 13 ST SPH1 in Miami, Florida 33130. Public transit, walkability, and biking potential are all rated highly, with transitScore of 99, walkScore of 97, and bikeScore of 83, which can support a workforce and customer base that values transit access.
For tenants and buyers seeking a basic, adaptable footprint, this offering provides an uncomplicated starting point. The “totally open” configuration can be advantageous for customizing build-outs to match a specific operational need, subject to applicable requirements and approvals. For full details on the available space and terms, contact the listing agent.
The property is located at 40 SW 13 ST SPH1 in Miami, Florida 33130. Public transit, walkability, and biking potential are all rated highly, with transitScore of 99, walkScore of 97, and bikeScore of 83, which can support a workforce and customer base that values transit access.
For tenants and buyers seeking a basic, adaptable footprint, this offering provides an uncomplicated starting point. The “totally open” configuration can be advantageous for customizing build-outs to match a specific operational need, subject to applicable requirements and approvals. For full details on the available space and terms, contact the listing agent.
Key Highlights
- $2,300 per month flex space
- Approx. 1,000 SF, totally open layout
- Built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$671,731
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,434,620
$13.4M
Cap Rate 7%
$9,596,157
$9.6M
Cap Rate 9%
$7,463,678
$7.5M
Market Conditions
NOI Build-Up for 50,000 SF
Gross rent
$1.01M $20.16/SF
− Vacancy
−$48.4K −$0.97/SF
EGI
$959.6K $19.19/SF
− OpEx
−$287.9K −$5.76/SF
NOI
$671.7K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,434,620
Cap Rate 7%
$9,596,157
Cap Rate 9%
$7,463,678
Alternative Uses
Best Use
Flex RnD
$10.47M
$9.17M – $12.22M
NOI $733,200 @ 7.0% cap
Second Best
Industrial
$9.60M
$8.40M – $11.20M
NOI $671,731 @ 7.0% cap
Theoretical Best
Specialty Retail
$33.75M
$29.53M – $39.38M
NOI $2,362,523 @ 7.0% cap
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
Location Intelligence
Trade Area within ½ mile
11,922
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33130, FL
35,609
Population
20,377
Households
1.7
Avg Household Size
36
Median Age
42%
College-Educated
81%
High-School Grad
1.1 sq mi
ZIP Area
32,372
Density / Sq Mi
$57,933
Median Household Income
$36,888
Median Earnings
$1,656
Median Rent
$479,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Miami, FL
Properties on Market for Flex space in Miami
Vacancy Rate% for Industrial in Miami, FL
Similar Off Market Nearby
- Sterling Group Food — 2625 SW 3rd Ave, Miami, FL 33129
- The Lavender Chef, LLC — Miami, FL 33131
- Chelles Conch LLC — 1110 Brickell Ave, Miami, FL 33131
- Daavat Catering & Events LLC — Brickell Ave, Miami, FL 33131
- Vale Food Co — 900 S Miami Ave Suite 125, Miami, FL 33130
Frequently Asked Questions
What type of property is this?
Flex space - Totally open flex space offering a straightforward layout for a variety of small commercial uses.
Where is this flex space located?
The property is located at 40 SW 13 ST Unit SPH1 Miami, FL.
What are key features of this property?
This property features: $2,300 per month flex space; Approx. 1,000 SF, totally open layout; Built in 2007
