Turnkey Renovated Warehouse with
For Sale
$900,000
Pending
4a-13500 Sw 134th Ave, Miami, FL 33184
Renovated warehouse with full office build-out, mezzanine, and dual restrooms for flexible owner-user or creative use.
Property Size1,750 SF
Days on Market160
Property Features for 4a-13500 Sw 134th Ave
General Information
Standard status
Pending
Size
1,750 SF
Additional Details
Business Included
Yes
Listing Agency:
One Sotheby's International Realty
(786) 566-8572
Listed By:
Jessica Fernandez
(786) 566-8572
Source:
Exprealty
Added: Feb 27
Changed: Jul 10
Last Checked: Jul 31 at 7:56PM
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 One Sotheby's International Realty
Investment Insights
Based on property information with market context.
This fully renovated warehouse offers a versatile open layout with a mezzanine area and new flooring throughout. The space also includes a complete office build-out with a kitchen, a full bathroom, and a half bathroom, supporting both business operations and day-to-day workspace needs. Designed for flexible use, it can function as an owner-user industrial facility, a collector or hobby workspace, or a creative work environment. The listing also notes that a car lift may be included in the sale price.
The property is located near Tamiami Airport. Vehicle access and on-site parking details are not provided in the available information.
With office improvements alongside the warehouse floor area, the configuration is well-suited for tenants or buyers who want an industrial space without adding basic interiors from scratch. The mezzanine and open warehouse plan support a range of storage or workspace layouts, while the kitchen and two restrooms make the property practical for daily occupancy. The offering is presented as turnkey, and the seller financing availability is noted in the remarks.
The property is located near Tamiami Airport. Vehicle access and on-site parking details are not provided in the available information.
With office improvements alongside the warehouse floor area, the configuration is well-suited for tenants or buyers who want an industrial space without adding basic interiors from scratch. The mezzanine and open warehouse plan support a range of storage or workspace layouts, while the kitchen and two restrooms make the property practical for daily occupancy. The offering is presented as turnkey, and the seller financing availability is noted in the remarks.
Key Highlights
- Renovated warehouse offering 1,750 SF with an open layout for flexible owner‑user or creative use
- Full office build‑out plus mezzanine area
- Includes kitchen and full bathroom and half bathroom
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
$50,203
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
5.58%
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%
$1,004,060
$1.0M
Cap Rate 7%
$717,186
$717.2K
Cap Rate 9%
$557,811
$557.8K
Market Conditions
NOI Build-Up for 1,750 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
$78.8K $45.00/SF
− Vacancy
−$11.8K −$6.75/SF
EGI
$66.9K $38.25/SF
− OpEx
−$16.7K −$9.56/SF
NOI
$50.2K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,004,060
Cap Rate 7%
$717,186
Cap Rate 9%
$557,811
Alternative Uses
Best Use
Office B
$717.2K
$627.5K – $836.7K
NOI $50,203 @ 7.0% cap · market cap 5.58%
Second Best
Warehouse
$407.8K
$356.9K – $475.8K
NOI $28,549 @ 7.0% cap · market cap 3.17%
Theoretical Best
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,688 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33184, FL
20,913
Population
6,773
Households
3.1
Avg Household Size
47
Median Age
33%
College-Educated
75%
High-School Grad
2.5 sq mi
ZIP Area
8,365
Density / Sq Mi
$77,443
Median Household Income
$36,361
Median Earnings
$1,926
Median Rent
$418,200
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated warehouse with full office build-out, mezzanine, and dual restrooms for flexible owner-user or creative use.
Where is this flex space located?
The property is located at 4a-13500 Sw 134th Ave Miami, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Renovated warehouse offering 1,750 SF with an open layout for flexible owner‑user or creative use; Full office build‑out plus mezzanine area; Includes kitchen and full bathroom and half bathroom
