Flex Space with Roll-Up
New
For Sale
$595,000
7311 NW 12th St, Miami, FL 33126
Commercial Sale, Miami, FL
Property Size2,226 SF
Lot Size0.05 Acres
Price / SF$267.30
Days on Market2
Property Features for 7311 NW 12th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
7300
Parking
2
Parking features
Assigned
Security features
Security System
Directions
Entrance on NW 12th St
Subdivision
30
Standard status
Active
APN
30-30-35-014-0200
Lot size
0.05 Acres
Taxes and HOA fees
Tax Description
DORAL FLEX II CONDO UNIT 20 UNDIV 4.315% INT IN COMMON ELEMENTS OFF REC 20912-3684 COC 23225-4676 03 2005 1
Tax Annual Amount
7047
HOA Fee
$1,050 Monthly
Legal Description
DORAL FLEX II CONDO UNIT 20 UNDIV 4.315% INT IN COMMON ELEMENTS OFF REC 20912-3684 COC 23225-4676 03 2005 1
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
2
Number of units
1
Flooring type
Tile, Laminate
Building materials
CBS (Concrete Block Structure), Block
Roof type
Concrete
Listing Agency:
Realty One Group Evolution
(786) 477-4715
Listed By:
Dario Perez · License #3288476
(305) 302-3539
Added: Oct 21
Last Checked: Oct 22 at 6:06AM
MLS# A12072596
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,226-square-foot flex property combines warehouse space with approximately 1,700 square feet of office area on two floors. The warehouse has 21-foot ceilings and an electric roll-up door measuring 10 feet by 12 feet; its area can be expanded by reducing the office footprint. A storefront faces one side of the building. The first floor includes reception, two offices measuring 175.5 and 180 square feet, a kitchen, and a bathroom. Upstairs are a 372-square-foot office, an open work area, and a full bathroom.
The property is in Doral Flex II Condominium, beside Miami International Airport. Access routes identified for the site include the Palmetto Expressway, Dolphin Expressway, and Florida’s Turnpike. The building was constructed in 1980 and has assigned parking.
The property is in Doral Flex II Condominium, beside Miami International Airport. Access routes identified for the site include the Palmetto Expressway, Dolphin Expressway, and Florida’s Turnpike. The building was constructed in 1980 and has assigned parking.
Key Highlights
- 2,226‑square‑foot flex property with approximately 1,700 square feet of office space
- Warehouse ceilings reach 21 feet; electric roll‑up door measures 10' x 12'
- Office layout spans two floors, including three offices, reception, kitchen, open workspace, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,314
Cap Rate
6.10%
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 6.10%
Second Best
Flex RnD
$466.3K
$408.0K – $544.0K
NOI $32,642 @ 7.0% cap · market cap 5.49%
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,180 @ 7.0% cap · market cap 17.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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 - A two-level office component complements the warehouse area, with storefront exposure and a rear loading door.
Where is this flex space located?
The property is located at 7311 NW 12th St Miami, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,226‑square‑foot flex property with approximately 1,700 square feet of office space; Warehouse ceilings reach 21 feet; electric roll‑up door measures 10' x 12'; Office layout spans two floors, including three offices, reception, kitchen, open workspace, and two bathrooms
