Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12394 128th St Miami, FL 33186-5425

    • Warehouses
    • 3,600 SF
    • 1.26 lot acres
    OFF-MARKET
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4329891
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Enterprise Rent-A-Car / Van Rental Agency / Car Rental Agency
    • Healthcare Waste Solutions Inc. / Waste Management Service / Garbage Collection Service

    Property Details for 12394 128th St

    Year built
    1991
    Construction
    CONCRETE
    Lot size
    1.26 lot acres
    Property size
    3,600 SF
    Zone code
    7700:INDUSTRIAL,RESTRICT
    Property type
    Warehouses
    APN
    30-5913-003-0090
    APU
    3059130030090

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $515,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $511,000
      Market price range: $146k - $511k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $755,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3943
    Latitude
    25.6485
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,704
    $1,314,048
    $208,783
    $1,522,831
    -
    $1,314,048
    $208,783
    $1,522,831

    Comparable in this City

    • Value Estimation by Request

      14195 139Th Ct

      Distribution properties
      14195 139Th Ct, Miami, FL 33186
      View Details
    • Value Estimation by Request

      13331 132Nd Ave

      Distribution properties
      13331 132Nd Ave, Miami, FL 33186
      View Details
    • Value Estimation
      $555,000
      16,495 SF

      14350 140th St

      WAREHOUSE, STORAGE • 16,495 SF
      14350 140th St, Miami, FL 33186-7387
      View Details
    • Value Estimation
      $1,975,000
      73,040 SF

      13800 119th Ave

      WAREHOUSE, STORAGE • 73,040 SF
      13800 119th Ave, Miami, FL 33186-6430
      View Details
    • Value Estimation by Request
      609 SF

      14087 142nd St, Unit 507

      WAREHOUSE, STORAGE • 609 SF
      14087 142nd St, Miami, FL 33186-5566
      View Details
    • Value Estimation
      $550,000
      3,866 SF

      12600 125th Ave

      WAREHOUSE, STORAGE • 3,866 SF
      12600 125th Ave, Miami, FL 33186-5407
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Renovated Industrial Warehouse with Mezzanine

      Renovated industrial warehouse with mezzanine, high ceilings, great location.
      13925 SW 140Th St, Miami, FL 33186
      View Details
    • Contact for pricing

      Versatile Warehouse Space Available

      1,100 SqFt mixed-use warehouse with high ceilings and bay door.
      12193 SW 132Nd Ct, Miami, FL 33186
      View Details
    • $335,000

      Devonaire Commerce Condo Flex Unit

      Flex warehouse/office unit in Devonaire Commerce Condo for sale.
      SW 128Th St, Miami, FL 33186
      View Details
    • $1,552,000

      Versatile Warehouse Units in Miami

      Two warehouse units totaling 4,434 sq ft, zoned for manufacturing.
      12600 SW 130Th St, Miami, FL 33186
      View Details
    • $275,000

      Warehouse with Loft Office

      Warehouse with loft office, centrally located in Kendall Area.
      13390 SW 131St St, Miami, FL 33186
      View Details
    • Contact for pricing

      Office/Warehouse Space with Bay Door

      Office/warehouse space with bay door, available October 1, 2025.
      12051 SW 131St Ave, Miami, FL 33186
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      900 SF

      Miami Warehouse: 900 SF, 2 Parking

      Single-tenant warehouse, excellent location. Recently renovated.
      12335 132Nd Ct, Miami, FL 33186
      View Details
    • $25 SF/Yr
      1,010 SF

      Kendall Warehouse: 1,010 SF

      Single-tenant warehouse, prime Kendall location.
      12322 132Nd Ct, Miami, FL 33186
      View Details
    • $12,000 /Mo
      5,880 SF

      Freestanding Warehouse in Tamiami Submarket

      5,880 SF warehouse on 0.66 AC lot available 2026.
      13301 SW 131St St, Miami, FL 33186
      View Details
    • $3,200 /Mo

      Miami Warehouse with Office Space

      2,240 sqft warehouse and office space for rent.
      14250 SW 136Th St, Miami, FL 33186
      View Details
    • New
      $3,000 /Mo

      Updated Warehouse Space in Miami

      Corner, fully air-conditioned warehouse in Kendall industrial corridor, Miami.
      12933 SW 133Rd Court Dr, Miami, FL 33186
      View Details
    • New
      $7,500 /Mo

      Miami Flex Space Available

      Flex space with office and warehouse combination in Miami.
      12300 SW 130Th St, Miami, FL 33186
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12394 128th St
    Miami, FL 33186-5425
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.