Remodeled Industrial Flex Condo with
For Sale
$650,000
10421 NW 28th Street 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 Market100
Property Features for 10421 NW 28th Street Unit D106
General Information
Standard status
Active
Size
1,393 SF
Total Parking Spaces
3
Property subtype
Industrial
Additional Details
Drive-In Doors
1
Building Details
Year Built
1988
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 748-7373
Listed By:
Armando Mercado
(786) 600-1556
Source:
Lehmannflorida
Added: Jul 2
Changed: Oct 7
Last Checked: Oct 7 at 12:32PM
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
Estimated NOI and Cap Rate
NOI / Yr
$36,921
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,420
$738.4K
Cap Rate 7%
$527,443
$527.4K
Cap Rate 9%
$410,233
$410.2K
Market Conditions
NOI Build-Up for 1,393 SF
Gross rent
$63.5K $45.60/SF
− Vacancy
−$14.3K −$10.26/SF
EGI
$49.2K $35.34/SF
− OpEx
−$12.3K −$8.84/SF
NOI
$36.9K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,420
Cap Rate 7%
$527,443
Cap Rate 9%
$410,233
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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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 Street 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
