Turnkey Office Suite with
For Sale
$450,000
10450 NW 33rd St 301, Doral, FL 33172
Turnkey office suite with two private offices, reception area, and kitchenette inside a modern building.
Property Size816 SF
Price / SF$551.47
Days on Market35
Property Features for 10450 NW 33rd St 301
General Information
Standard status
Active
Size
816 SF
Building Details
Year Built
2019
Listing Agency:
Realty One Group Evolution
Listed By:
Arquimedes De La Paz Neris LLC
Source:
Mymiahomes
Added: Jul 21
Changed: Aug 23
Last Checked: Aug 24 at 10:05AM
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.
This fully built-out office suite is designed for immediate occupancy. The layout includes two private offices, a reception/lobby area, and a kitchenette, making it a turnkey option for an operating business or for rental use.
The suite is located in a modern, high-end building that houses medical, insurance, and real estate offices. It is positioned in a fast-growing commercial area in Doral and is surrounded by established residential communities.
The space offers a clean, functional configuration centered on reception and private office rooms, supported by in-suite kitchenette amenities.
The suite is located in a modern, high-end building that houses medical, insurance, and real estate offices. It is positioned in a fast-growing commercial area in Doral and is surrounded by established residential communities.
The space offers a clean, functional configuration centered on reception and private office rooms, supported by in-suite kitchenette amenities.
Key Highlights
- 2019‑built office suite in a modern high‑end building
- Interior includes two private offices
- Reception/lobby area for client entry and waiting
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
$21,628
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
4.81%
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%
$432,560
$432.6K
Cap Rate 7%
$308,971
$309.0K
Cap Rate 9%
$240,311
$240.3K
Market Conditions
NOI Build-Up for 816 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
$37.2K $45.60/SF
− Vacancy
−$8.4K −$10.26/SF
EGI
$28.8K $35.34/SF
− OpEx
−$7.2K −$8.84/SF
NOI
$21.6K $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%
$432,560
Cap Rate 7%
$308,971
Cap Rate 9%
$240,311
Alternative Uses
Best Use
Office B
$309.0K
$270.4K – $360.5K
NOI $21,628 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$414.0K
$362.2K – $483.0K
NOI $28,979 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,562
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 - Turnkey office suite with two private offices, reception area, and kitchenette inside a modern building.
Where is this office units located?
The property is located at 10450 NW 33rd St 301 Doral, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2019‑built office suite in a modern high‑end building; Interior includes two private offices; Reception/lobby area for client entry and waiting
