Brickell Condo Storage
For Sale
Contact for pricing
40 SW 13th St, Miami, FL 33130
Storage units available exclusively to Infinity at Brickell owners.
Property Size40 SF
Price / SF$125
Days on Market676
Property Features for 40 SW 13th St
General Information
Standard status
Active
Size
40 SF
Property subtype
Multifamily
Building Details
Year Built
2018
Listing Agency:
Real Estate Sales Force
Listed By:
Scott Lehr · License #3376771
(305) 992-4674
Source:
Crexi
Added: Nov 5, 2024
Changed: Aug 31
Last Checked: Sep 12 at 11:46AM
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 Real Estate Sales Force
Investment Insights
Based on property information with market context.
These storage units are available for purchase exclusively by current owners of Infinity at Brickell Condo, in accordance with condominium regulations. This provides an opportunity to acquire additional storage space within the building where they live or work. The owner has up to 35 storage units available, with sizes ranging from 16 to 40 square feet. Inquiries about bulk discount pricing are welcome. This offering may also represent a potential long-term investment opportunity.
Key Highlights
- Exclusive purchase opportunity for current owners of INFINITY AT BRICKELL Condo.
- Convenient on‑site storage within the same building.
- Attractive price point for prime real estate investment.
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
$375
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
7.50%
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%
$7,500
$7.5K
Cap Rate 7%
$5,357
$5.4K
Cap Rate 9%
$4,167
$4.2K
Market Conditions
NOI Build-Up for 40 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
$576 $14.40/SF
− Vacancy
−$40 −$1.01/SF
EGI
$536 $13.39/SF
− OpEx
−$161 −$4.02/SF
NOI
$375 $9.37/SF
Area
Miami, FL
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$7,500
Cap Rate 7%
$5,357
Cap Rate 9%
$4,167
Alternative Uses
Best Use
Industrial
$7.7K
$6.7K – $9.0K
NOI $537 @ 7.0% cap · market cap 10.74%
Second Best
Self Storage
$5.4K
$4.7K – $6.3K
NOI $375 @ 7.0% cap · market cap 7.50%
Theoretical Best
Specialty Retail
$27.0K
$23.6K – $31.5K
NOI $1,890 @ 7.0% cap · market cap 37.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11,922
Businesses Nearby
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
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Storage units available exclusively to Infinity at Brickell owners.
Where is this self storage facility located?
The property is located at 40 SW 13th St Miami, FL.
What are key features of this property?
This property features: Exclusive purchase opportunity for current owners of INFINITY AT BRICKELL Condo.; Convenient on‑site storage within the same building.; Attractive price point for prime real estate investment.
