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    Office/Warehouse Flex Space Title is generated by Realmo AI

    10421 NW 28 ST, Miami, FL 33172

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    For Lease
    $2,950/Mo $25 SF/Yr (calc)

    Mixed Use - Miami, FL

    Type:Mixed Use
    Property size:
    1,400 SF
    Lot size:
    0.03 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for 10421 NW 28 ST

    General Information

    Property type
    Commercial Lease
    Property subtype
    Mixed Use
    Zoning
    77INDUS
    Parking
    2
    Standard status
    Active
    APN
    35-30-29-059-0260
    Lot size
    0.03 Acres

    Building Details

    Year built
    1988
    Flooring type
    Other
    Building materials
    Block
    Roof type
    Other
    Architectural style
    Other

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    Listing Contact
    Juan David Acevedo

    Listing agent Juan David Acevedo License #3085953

    Listing office Miami New Realty 2470 N.W. 102 Pl, Doral, FL

    Listing date Jun 4, 2026

    MLS# A12027044 Listing URL

    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.

    HighLights

    • Excellent Doral location with easy access to major highways, airport, banks, and shopping centers.
    • Approximately 1,400 SF of office/warehouse space, ideal for small business or storage.
    • Includes a 200 SF office on the second floor and a 200 SF mezzanine.
    • Features a street‑level loading door for convenient access.
    • Comes with 2 assigned parking spaces.
    • Property benefits from a security gate.

    Overview

    This flex office/warehouse space is configured with approximately 1,400 square feet of combined office/warehouse area, including 200 square feet of office space on the second floor and an additional 200 square feet of mezzanine area. The setup is well-suited for day-to-day business operations that need light storage alongside a functional office component. The unit includes 2 assigned parking spaces and a street-level loading door, with gated security.

    Located in Doral, the property offers convenient access from major highways and is described as close to banks, the airport, and shopping centers. The site is identified as zoning 77INDUS, supporting a mixed-use industrial environment.

    For a tenant looking for a compact operational footprint, this unit provides a practical combination of workspace and storage with an internal office layout spread across levels. The presence of a street-level loading door and assigned parking helps streamline deliveries, move-ins, and daily use for small business operators who need straightforward access and secure premises.
    Property Profile Location Intelligence

    Current Use by Public Records

    LUXURY CLEAN USA ... Hardware & Home Improvement Data Vison System Logistics Company Poba Cargo Inc Freight Service MIA Exclusive Services Freight Service Mision Nuestra Señora ... Art Gallery

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Paella VIP — 2103 SW 100th Ct, Miami, FL 33165
    • Chef Brian Catering | Best Event Catering in Miami | Paella Catering | Tapas Catering | — 2404 SW 107th Ave, Miami, FL 33165

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.364308
    Latitude
    25.743491

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    FAQs

    What type of property is this?
    Flex space - Flexible office-and-warehouse layout with street-level loading and assigned parking for small businesses and storage needs.
    Where is this flex space located?
    The property is located at 10421 NW 28 ST Miami, FL.
    What is the lease rate?
    The lease rate is $2,950 /Mo.
    What are key features of this property?
    This property features: Excellent Doral location with easy access to major highways, airport, banks, and shopping centers.; Approximately 1,400 SF of office/warehouse space, ideal for small business or storage.; Includes a 200 SF office on the second floor and a 200 SF mezzanine.
    (786) 287-4534
    We can help!
    Listing Contact
    Juan David Acevedo
    Real Estate License ID: 3085953
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    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.

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