Dock-High Industrial
For Sale
$2,950,000
10420 NW 37th Ter, Doral, FL 33178
Dock-high industrial building with a clear span layout, truck court, and secure perimeter fencing.
Property Size6,592 SF
Price / SF$447.51
Days on Market109
Property Features for 10420 NW 37th Ter
General Information
Standard status
Active
Size
6,592 SF
Property subtype
Industrial
Additional Details
Fenced Yard
Yes
Building Details
Building Size
6,592 SF
Year Built
2000
Listing Agency:
Kaizen Realty Partners, LLC.
Listed By:
Robert Meneses · License #0631973
(305) 491-1227
Source:
Relinkre
Added: May 19
Changed: Aug 23
Last Checked: Sep 4 at 11:10AM
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 Kaizen Realty Partners, LLC.
Investment Insights
Based on property information with market context.
Dock-high industrial facility built in 2000 offering 6,592 SF of functional clear span space. The building is supported by durable concrete construction and includes modern industrial-style utilities, with adaptable interior divisions intended to support multiple operating configurations.
The property provides a substantial truck court for loading and receiving, along with secure perimeter fencing and ample parking for on-site access and vehicle staging. It is positioned at 10420 NW 37th Ter in Doral, FL, within the Airport West area.
Designed to serve manufacturing, distribution, or light production uses, the layout and improvements are geared toward efficient industrial workflows and straightforward occupancy.
The property provides a substantial truck court for loading and receiving, along with secure perimeter fencing and ample parking for on-site access and vehicle staging. It is positioned at 10420 NW 37th Ter in Doral, FL, within the Airport West area.
Designed to serve manufacturing, distribution, or light production uses, the layout and improvements are geared toward efficient industrial workflows and straightforward occupancy.
Key Highlights
- 6,592 SF dock‑high industrial facility built in 2000 in the Airport West area
- Clear span floorplan designed for flexible manufacturing, distribution, or light production layouts
- Substantial truck court for industrial loading and vehicle access
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
$109,162
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
3.70%
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%
$2,183,240
$2.2M
Cap Rate 7%
$1,559,457
$1.6M
Cap Rate 9%
$1,212,911
$1.2M
Market Conditions
NOI Build-Up for 6,592 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
$134.5K $20.40/SF
− Vacancy
−$6.1K −$0.92/SF
EGI
$128.4K $19.48/SF
− OpEx
−$19.3K −$2.92/SF
NOI
$109.2K $16.56/SF
Area
ZIP 33178
Vacancy
4.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
15.00%
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%
$2,183,240
Cap Rate 7%
$1,559,457
Cap Rate 9%
$1,212,911
Alternative Uses
Best Use
Warehouse
$1.56M
$1.36M – $1.82M
NOI $109,162 @ 7.0% cap · market cap 3.70%
Second Best
Industrial
$1.36M
$1.19M – $1.58M
NOI $94,887 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$3.34M
$2.93M – $3.90M
NOI $234,108 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,886
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Dock-high industrial building with a clear span layout, truck court, and secure perimeter fencing.
Where is this manufacturing property located?
The property is located at 10420 NW 37th Ter Doral, FL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 6,592 SF dock‑high industrial facility built in 2000 in the Airport West area; Clear span floorplan designed for flexible manufacturing, distribution, or light production layouts; Substantial truck court for industrial loading and vehicle access
