Remodeled Flex Condo With
For Sale
Contact for pricing
10421 NW 28 St D-106, Doral, FL 33172
Climate-controlled space includes a street-level bay door and separate personnel entrance.
Property Size1,393 SF
Price / SF$466.62
Days on Market9
Property Features for 10421 NW 28 St D-106
General Information
Standard status
Active
Size
1,393 SF
Total Parking Spaces
3
Property subtype
Industrial
Zoning
Industrial
Investment Type
Owner/User
Warehouse & Industrial
Drive-In Doors
1
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1988
Listing Agency:
Fausto Commercial
(305) 961-1179
Listed By:
Halain Suarez · License #SL3637046
Source:
Crexi
Added: Jul 27
Changed: Aug 4
Last Checked: Aug 4 at 1:58AM
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 Fausto Commercial
Investment Insights
Based on property information with market context.
This 1,393 SF flex condominium at 10421 NW 28 St, D-106, combines a remodeled interior with practical industrial features. Polished concrete flooring, climate control, and a mezzanine support a range of commercial operations, including media production, light distribution, and professional workspace. The property also includes a street-level bay door, a separate personnel entry, and three assigned parking spaces.
The property is located in Doral, Florida, within minutes of the Palmetto Expressway and Miami International Airport. Built in 1988 and zoned Industrial, the condominium offers a compact configuration suited to businesses seeking a dedicated flex or light-industrial setting.
The property is located in Doral, Florida, within minutes of the Palmetto Expressway and Miami International Airport. Built in 1988 and zoned Industrial, the condominium offers a compact configuration suited to businesses seeking a dedicated flex or light-industrial setting.
Key Highlights
- 1,393 SF remodeled flex condominium
- Industrial zoning in Doral, Florida
- Polished concrete floors, climate‑controlled interior, and mezzanine
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 | $50.1k | $36.00 |
| − Vacancy | −$3.0k | −$2.16 |
| EGI | $47.1k | $33.84 |
| − OpEx | −$16.5k | −$11.84 |
| NOI | $30.6k | $22.00 |
1,393 SF · lease $36.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$437.7K
$383.0K – $510.7K
NOI $30,640 @ 7.0% cap · market cap 4.71%
Second Best
Industrial
$214.8K
$188.0K – $250.6K
NOI $15,038 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$706.7K
$618.4K – $824.5K
NOI $49,471 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33172, FL
43,911
Population
16,103
Households
2.7
Avg Household Size
42
Median Age
32%
College-Educated
75%
High-School Grad
6.4 sq mi
ZIP Area
6,861
Density / Sq Mi
$61,733
Median Household Income
$35,061
Median Earnings
$1,926
Median Rent
$260,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Climate-controlled space includes a street-level bay door and separate personnel entrance.
Where is this flex space located?
The property is located at 10421 NW 28 St D-106 Doral, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,393 SF remodeled flex condominium; Industrial zoning in Doral, Florida; Polished concrete floors, climate‑controlled interior, and mezzanine
