Doral Flex Space with
10405 NW 37th Ter Doral, FL 33178
For Sale
$4,650,000
Pending
11,530 SF flex space with office and warehouse.
Property Size11,530 SF
Days on Market95
Property Features for 10405 NW 37th Ter
General Information
Standard status
Pending
Size
11,530 SF
Property subtype
Commercial
Building Details
Year Built
2004
Listing Agency:
Keller Williams Realty Premier Properties
(786) 587-8618
Listed By:
Oscar Valdes · License #3286179
(786) 587-8618
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 4:23AM
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 Keller Williams Realty Premier Properties
Investment Insights
Based on property information with market context.
This 11,530 SF flex space in Doral offers access to the Florida Turnpike and 836 expressway. The property includes approximately 6,000 SF of finished office space and approximately 5,530 SF of warehouse space with 20’ clear ceilings, a dock-height dock, ramp, and private warehouse office. The office area features four private offices, two conference rooms, three open areas with 35 workstations, a tech room, kitchen, break room, and a stylish reception. Furniture and pallet racks are included. Amenities include dedicated restrooms and parking for 24 vehicles. It is available for immediate occupancy. Doral provides a location with direct access to the Florida Turnpike and Dolphin Expressway, and is also located near Miami International Airport. This positioning enables connectivity to major markets in Latin America. The area is surrounded by a variety of restaurants and shops. Doral offers an attractive setting for companies to establish and grow their operations. The city's vibrant atmosphere and array of amenities make it an ideal location for attracting and retaining top talent. The bike score is 41, the walk score is 65, and the transit score is 23.
Key Highlights
- Prime Doral location with direct access to Florida Turnpike and 836 expressway, near Miami International Airport.
- Turnkey flex space with ~6,000 SF finished office and ~5,530 SF warehouse, including furniture and pallet racks.
- Warehouse features 20’ clear ceilings, dock‑height dock, ramp, and private warehouse office.
Financial Insights For Flex RnD
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 | $415.1k | $36.00 |
| − Vacancy | −$24.9k | −$2.16 |
| EGI | $390.2k | $33.84 |
| − OpEx | −$136.6k | −$11.84 |
| NOI | $253.6k | $22.00 |
11,530 SF · lease $36.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$3.62M
$3.17M – $4.23M
NOI $253,614 @ 7.0% cap · market cap 5.45%
Second Best
Office B
$3.58M
$3.13M – $4.18M
NOI $250,708 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$5.85M
$5.12M – $6.82M
NOI $409,476 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Juju's Bliss LLC — 9742 nw 46th terrace, doral, fl 33178
- Relish Miami — 2855 NW 112th Ave #7, Doral, FL 33172
Frequently Asked Questions
What type of property is this?
Flex space - 11,530 SF flex space with office and warehouse.
Where is this flex space located?
The property is located at 10405 NW 37th Ter Doral, FL.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: Prime Doral location with direct access to Florida Turnpike and 836 expressway, near Miami International Airport.; Turnkey flex space with ~6,000 SF finished office and ~5,530 SF warehouse, including furniture and pallet racks.; Warehouse features **20’ clear ceilings, dock‑height dock, ramp, and private warehouse office.**
