Rooftop Terrace Office
For Sale
$1,675,000
10450 NW 33rd St 501, Doral, FL 33172
Fifth-floor commercial unit with private elevator access, insulated flooring, and a built-in grease trap.
Property Size4,835 SF
Price / SF$346.43
Days on Market32
Property Features for 10450 NW 33rd St 501
General Information
Standard status
Active
Size
4,835 SF
Elevators
Yes
Additional Details
Floor
5
Grease Trap
Yes
Amenities
insulated flooring
built-in grease trap
panoramic views
Building Details
Year Built
2019
Listing Agency:
Realty One Group Evolution
Listed By:
Arquimedes De La Paz Neris LLC
(305) 922-3690
Source:
Mymiahomes
Added: Aug 13
Changed: Sep 12
Last Checked: Sep 13 at 1:27PM
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 4,835-square-foot office unit occupies the fifth floor and includes access through two private elevators. Insulated flooring adds a functional interior feature, while the built-in grease trap supports the range of uses identified for the space. The property was built in 2019.
The rooftop or terrace setting provides broad views toward Downtown Miami, Brickell, Doral, and Sweetwater. Aloft and Element Hotels are located nearby. Potential applications include medical office, restaurant, bar or lounge, gallery, and other uses permitted by the City of Doral, subject to buyer verification.
The rooftop or terrace setting provides broad views toward Downtown Miami, Brickell, Doral, and Sweetwater. Aloft and Element Hotels are located nearby. Potential applications include medical office, restaurant, bar or lounge, gallery, and other uses permitted by the City of Doral, subject to buyer verification.
Key Highlights
- 4,835 SF fifth‑floor office unit
- Rooftop or terrace setting with views of Downtown Miami, Brickell, Doral, and Sweetwater
- Access provided by two private elevators
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
$128,152
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
7.65%
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%
$2,563,040
$2.6M
Cap Rate 7%
$1,830,743
$1.8M
Cap Rate 9%
$1,423,911
$1.4M
Market Conditions
NOI Build-Up for 4,835 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
$220.5K $45.60/SF
− Vacancy
−$49.6K −$10.26/SF
EGI
$170.9K $35.34/SF
− OpEx
−$42.7K −$8.84/SF
NOI
$128.2K $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%
$2,563,040
Cap Rate 7%
$1,830,743
Cap Rate 9%
$1,423,911
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.14M
NOI $128,152 @ 7.0% cap · market cap 7.65%
Second Best
Healthcare Medical
$910.1K
$796.3K – $1.06M
NOI $63,706 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,710 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Grease trap
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
Check the figures for this property
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?
Office units - Fifth-floor commercial unit with private elevator access, insulated flooring, and a built-in grease trap.
Where is this office units located?
The property is located at 10450 NW 33rd St 501 Doral, FL.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: 4,835 SF fifth‑floor office unit; Rooftop or terrace setting with views of Downtown Miami, Brickell, Doral, and Sweetwater; Access provided by two private elevators
