Remodeled Industrial Flex Condo with
For Sale
$650,000
10421 NW 28th St Unit D106, Doral, FL 33172
Completely remodeled flex condominium with polished concrete floors, climate-controlled interior, mezzanine, and street-level bay door.
Property Size1,393 SF
Price / SF$466.62
Days on Market34
Property Features for 10421 NW 28th St Unit D106
General Information
Standard status
Active
Size
1,393 SF
Total Parking Spaces
3
Property subtype
General Commercial
Additional Details
Drive-In Doors
1
Amenities
3
3 Parking Spaces.
Building Details
Year Built
1988
Listing Agency:
Fausto Commercial Realty Consultants Inc
(305) 961-1179
Listed By:
Armando Mercado Paredes
Source:
Xome
Added: Jun 29
Changed: Jul 26
Last Checked: Jul 31 at 3:07AM
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 Realty Consultants Inc
Investment Insights
Based on property information with market context.
This remodeled industrial/flex condominium includes a climate-controlled interior with polished concrete floors and modern finishes. The unit is configured with multiple private offices and flexible work areas. A mezzanine adds additional usable space for storage or expanded operations, supporting both administrative and hands-on uses.
The unit features a street-level bay door, a separate personnel entrance, and a rear door providing access to a grassy break area. Three assigned parking spaces are included, and the property is served by a secured perimeter.
Offered turnkey, the space is designed for businesses needing both office functionality and light industrial flexibility, including light shipping and other professional business uses.
The unit features a street-level bay door, a separate personnel entrance, and a rear door providing access to a grassy break area. Three assigned parking spaces are included, and the property is served by a secured perimeter.
Offered turnkey, the space is designed for businesses needing both office functionality and light industrial flexibility, including light shipping and other professional business uses.
Key Highlights
- 1,392 SF industrial/flex condominium unit (Unit D‑106) built in 1988 in an industrial/flex park
- Completely remodeled interior with polished concrete floors and modern finishes
- Fully climate‑controlled interior plus a mezzanine for additional usable space
Financial Insights For Office B
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 | $63.5k | $45.60 |
| − Vacancy | −$14.3k | −$10.26 |
| EGI | $49.2k | $35.34 |
| − OpEx | −$12.3k | −$8.84 |
| NOI | $36.9k | $26.51 |
1,393 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$527.4K
$461.5K – $615.4K
NOI $36,921 @ 7.0% cap · market cap 5.68%
Second Best
Flex RnD
$437.7K
$383.0K – $510.7K
NOI $30,640 @ 7.0% cap · market cap 4.71%
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
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 Office 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 - Completely remodeled flex condominium with polished concrete floors, climate-controlled interior, mezzanine, and street-level bay door.
Where is this flex space located?
The property is located at 10421 NW 28th St Unit D106 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: 1,392 SF industrial/flex condominium unit (Unit D‑106) built in 1988 in an industrial/flex park; Completely remodeled interior with polished concrete floors and modern finishes; Fully climate‑controlled interior plus a mezzanine for additional usable space
