Warehouse Office Flex
For Sale
$695,000
7311 NW 12th Street #20, Miami, FL 33126
Flex warehouse-office with two ceiling heights, an electric roll-up door, and two-floor office buildout.
Property Size2,226 SF
Price / SF$312.22
Days on Market59
Property Features for 7311 NW 12th Street #20
General Information
Standard status
Active
Size
2,226 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
21 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Office Units
3
Building Details
Year Built
1980
Listing Agency:
HOMELUX INTERNATIONAL REALTY, INC.
Listed By:
CARLOS JEFFREY SUAREZ · License #A11939754
Source:
Corcoran
Added: Jun 9
Changed: Jul 20
Last Checked: Jul 23 at 7:30AM
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.
Investment Insights
Based on property information with market context.
This ±2,226 square foot warehouse/office flex space offers a versatile layout with modern upgrades. The warehouse features 9’ and 21’ ceiling heights and includes an electric roll-up bay door measuring 10’ x 12’. The office component totals ±1,700 square feet across two floors, with the first floor offering a reception area, two offices, a kitchenette, and a bathroom. The second floor includes an additional office, an open workspace, and a full bathroom.
Located in Doral, the property is described as being beside Miami International Airport and within the Doral Flex II Condominium. The location provides connectivity to major highways, including the Palmetto Expressway, Dolphin Expressway, and Florida’s Turnpike.
The improvement set supports combined distribution and administrative functions, with clear separation between warehouse space and a dedicated two-floor office area.
Located in Doral, the property is described as being beside Miami International Airport and within the Doral Flex II Condominium. The location provides connectivity to major highways, including the Palmetto Expressway, Dolphin Expressway, and Florida’s Turnpike.
The improvement set supports combined distribution and administrative functions, with clear separation between warehouse space and a dedicated two-floor office area.
Key Highlights
- 2,226 SF warehouse/office space in Doral Flex II Condominium (built in 1980)
- Warehouse features two ceiling heights: 9' and 21'
- Warehouse includes an electric roll‑up bay door (10' x 12')
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.2k | $45.00 |
| − Vacancy | −$15.0k | −$6.75 |
| EGI | $85.1k | $38.25 |
| − OpEx | −$21.3k | −$9.56 |
| NOI | $63.9k | $28.69 |
2,226 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$912.3K
$798.2K – $1.06M
NOI $63,858 @ 7.0% cap · market cap 9.19%
Second Best
Warehouse
$518.8K
$453.9K – $605.2K
NOI $36,314 @ 7.0% cap · market cap 5.23%
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.
Property Analytics
Current Use
Lease Details
21 ft
Clear height
1
Drive-in doors
3
Office units
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
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 - Flex warehouse-office with two ceiling heights, an electric roll-up door, and two-floor office buildout.
Where is this flex space located?
The property is located at 7311 NW 12th Street #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 SF warehouse/office space in Doral Flex II Condominium (built in 1980); Warehouse features two ceiling heights: 9' and 21'; Warehouse includes an electric roll‑up bay door (10' x 12')
