Flex Space with Office
For Sale
$695,000
7311 NW 12th St 20, Miami, FL 33126
Warehouse and office configuration with multi-level workspace, a roll-up bay door, and access to major regional highways.
Property Size2,226 SF
Price / SF$312.22
Days on Market50
Property Features for 7311 NW 12th St 20
General Information
Standard status
Active
Size
2,226 SF
Warehouse & Industrial
Clear Height
21 ft
Office Build-Out
1,700 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Listing Agency:
Homelux International Realty, Inc.
Listed By:
Carlos Suarez · License #3399607
Source:
Chenoregroup
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 30 at 7:02PM
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 Homelux International Realty, Inc.
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Investment Insights
Based on property information with market context.
This flex space combines warehouse functionality with a two-level office component. The approximately 2,226-square-foot property includes warehouse areas with ceiling heights of 9 feet and 21 feet, along with an electric roll-up bay door measuring 10 feet by 12 feet. The office portion spans approximately 1,700 square feet and includes reception, three offices, an open work area, a kitchenette, and two bathrooms. Individual office areas are identified as 372 square feet, 170 square feet, and 125 square feet.
Built in 1980, the property is positioned near Miami International Airport and provides access to the Palmetto Expressway, Dolphin Expressway, and Florida’s Turnpike. The highway network supports regional movement and distribution-related operations.
Built in 1980, the property is positioned near Miami International Airport and provides access to the Palmetto Expressway, Dolphin Expressway, and Florida’s Turnpike. The highway network supports regional movement and distribution-related operations.
Key Highlights
- ±2,226 Sq.Ft. warehouse and office space
- ±1,700 Sq.Ft. of office space across two floors
- 9’ and 21’ warehouse ceiling heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,314
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,280
$726.3K
Cap Rate 7%
$518,771
$518.8K
Cap Rate 9%
$403,489
$403.5K
Market Conditions
NOI Build-Up for 2,226 SF
Gross rent
$44.9K $20.16/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$42.7K $19.19/SF
− OpEx
−$6.4K −$2.88/SF
NOI
$36.3K $16.31/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,280
Cap Rate 7%
$518,771
Cap Rate 9%
$403,489
Alternative Uses
Best Use
Warehouse
$518.8K
$453.9K – $605.2K
NOI $36,314 @ 7.0% cap · market cap 5.23%
Second Best
Flex RnD
$466.3K
$408.0K – $544.0K
NOI $32,642 @ 7.0% cap · market cap 4.70%
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,180 @ 7.0% cap · market cap 15.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
21 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,017
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office configuration with multi-level workspace, a roll-up bay door, and access to major regional highways.
Where is this flex space located?
The property is located at 7311 NW 12th St 20 Miami, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: ±2,226 Sq.Ft. warehouse and office space; ±1,700 Sq.Ft. of office space across two floors; 9’ and 21’ warehouse ceiling heights
