Modern Office Unit with ADA
For Sale
$245,000
10450 33rd Street, Doral, FL 33172
Office unit in a modern boutique building with ADA-compliant men’s and women’s restrooms on each floor.
Property Size600 SF
Price / SF$408.33
Days on Market136
Property Features for 10450 33rd Street
General Information
Standard status
Active
Size
600 SF
Property subtype
Office
Amenities
7600
Building Details
Year Built
2019
Listing Agency:
Realty One Group Evolution
(305) 922-3690
Listed By:
Arquimedes De La Paz · License #3492949
(305) 922-3690
Source:
Xome
Added: Apr 5
Changed: Aug 12
Last Checked: Aug 17 at 4:15AM
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 Realty One Group Evolution
Investment Insights
Based on property information with market context.
Unit 306 is located within a distinctive boutique commercial building and is designed to support modern office operations. The property features low energy consumption design elements and is prewired for high-speed internet and telephone service. The building’s exterior includes 11-foot impact-resistant, insulated, tinted glass walls, complemented by well-illuminated common areas with LED lighting. Each floor provides modern, spacious, ADA-compliant restrooms for both men and women.
The unit is offered for sale at 10450 NW 33rd Street Unit 306 in Doral, Florida. The building has low association fees, and the space is described as easy to show.
The unit is offered for sale at 10450 NW 33rd Street Unit 306 in Doral, Florida. The building has low association fees, and the space is described as easy to show.
Key Highlights
- Office unit in a modern boutique commercial building in Doral, FL
- Year built: 2019
- Each floor includes ADA‑compliant men’s and women’s restrooms
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
$15,903
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
6.49%
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%
$318,060
$318.1K
Cap Rate 7%
$227,186
$227.2K
Cap Rate 9%
$176,700
$176.7K
Market Conditions
NOI Build-Up for 600 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
$27.4K $45.60/SF
− Vacancy
−$6.2K −$10.26/SF
EGI
$21.2K $35.34/SF
− OpEx
−$5.3K −$8.84/SF
NOI
$15.9K $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 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%
$318,060
Cap Rate 7%
$227,186
Cap Rate 9%
$176,700
Alternative Uses
Best Use
Office B
$227.2K
$198.8K – $265.1K
NOI $15,903 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$304.4K
$266.4K – $355.1K
NOI $21,308 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,155
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office units - Office unit in a modern boutique building with ADA-compliant men’s and women’s restrooms on each floor.
Where is this office units located?
The property is located at 10450 33rd Street Doral, FL.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Office unit in a modern boutique commercial building in Doral, FL; Year built: 2019; Each floor includes ADA‑compliant men’s and women’s restrooms
