Remodeled Flex
For Sale
$999,999
0000 NW 58th Street, Doral, FL 33178
Functional commercial unit with private offices, flexible work areas, bay access, kitchen, restroom, and on-site parking.
Property Size1,875 SF
Days on Market43
Property Features for 0000 NW 58th Street
General Information
Standard status
Active
Size
1,875 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$11,984
Building Details
Building Size
1,875 SF
Year Built
2005
Listing Agency:
Coldwell Banker Realty
(786) 877-8211
Listed By:
Lucia Hermoso · License #3142587
(786) 877-8211
Source:
Silverleafrealtygroup
Added: Jul 18
Changed: Aug 17
Last Checked: Aug 29 at 2:08PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1,875-square-foot flex condominium in Doral was built in 2005 and has been remodeled with contemporary interior finishes. The layout includes 9 private offices and adaptable work areas, along with a kitchen and break room, one restroom, 12-foot ceilings, and a street-level bay door. Separate personnel and rear access doors support practical circulation for a range of professional operations.
The unit is located within an industrial and flex business park and includes on-site parking. The property is suited to administrative, beauty, medical, and other professional business uses identified for the space. An established operating business is also offered separately under MLS #A12059077.
The unit is located within an industrial and flex business park and includes on-site parking. The property is suited to administrative, beauty, medical, and other professional business uses identified for the space. An established operating business is also offered separately under MLS #A12059077.
Key Highlights
- 1,875‑square‑foot industrial/flex condominium in Doral
- 9 private offices with flexible work areas
- 12‑foot ceilings and a street‑level bay door
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
$41,243
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
4.12%
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%
$824,860
$824.9K
Cap Rate 7%
$589,186
$589.2K
Cap Rate 9%
$458,256
$458.3K
Market Conditions
NOI Build-Up for 1,875 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
$67.5K $36.00/SF
− Vacancy
−$4.1K −$2.16/SF
EGI
$63.5K $33.84/SF
− OpEx
−$22.2K −$11.84/SF
NOI
$41.2K $22.00/SF
Area
ZIP 33178
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
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%
$824,860
Cap Rate 7%
$589,186
Cap Rate 9%
$458,256
Alternative Uses
Best Use
Flex RnD
$589.2K
$515.5K – $687.4K
NOI $41,243 @ 7.0% cap · market cap 4.12%
Second Best
Office B
$582.4K
$509.6K – $679.5K
NOI $40,770 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$951.3K
$832.4K – $1.11M
NOI $66,589 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 33178, FL
65,487
Population
21,931
Households
3
Avg Household Size
37
Median Age
55%
College-Educated
86%
High-School Grad
61.1 sq mi
ZIP Area
1,072
Density / Sq Mi
$91,338
Median Household Income
$41,710
Median Earnings
$2,609
Median Rent
$499,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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- La Cocina de Cesar — 6141 NW 115th Pl APT 358, Doral, FL 33178
Frequently Asked Questions
What type of property is this?
Flex space - Functional commercial unit with private offices, flexible work areas, bay access, kitchen, restroom, and on-site parking.
Where is this flex space located?
The property is located at 0000 NW 58th Street Doral, FL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 1,875‑square‑foot industrial/flex condominium in Doral; 9 private offices with flexible work areas; 12‑foot ceilings and a street‑level bay door
