Turnkey Office Suite with
For Sale
$450,000
10450 NW 33rd Street #301, Doral, FL 33172
Fully built-out office suite with private offices, reception area, and kitchenette for immediate occupancy or rental.
Property Size816 SF
Days on Market67
Property Features for 10450 NW 33rd Street #301
General Information
Standard status
Active
Size
816 SF
Zoning
7600
Additional Details
Business Included
Yes
Building Details
Building Size
816 SF
Year Built
2019
Listing Agency:
Realty One Group Evolution
(305) 922-3690
Listed By:
Arquimedes De La Paz Neris · License #3492949
(305) 922-3690
Source:
Laerrealty
Added: Jun 12
Changed: Aug 8
Last Checked: Aug 16 at 4:56AM
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 turnkey office suite is fully built out and ready for immediate use. The layout includes two private offices, a reception or lobby area, and a kitchenette, providing a functional plan for client-facing operations and day-to-day work.
The suite is located in a modern, high-end building that houses medical, insurance, and real estate offices. It is positioned in the heart of Doral among established residential communities, aligning with a tenant mix that supports professional services.
The space is well suited for businesses that want a finished, office-ready environment with dedicated private rooms and a reception area for meeting clients. It may also appeal to investors looking for a rental-ready office setup within a multi-tenant professional building serving medical, insurance, and real estate users.
The suite is located in a modern, high-end building that houses medical, insurance, and real estate offices. It is positioned in the heart of Doral among established residential communities, aligning with a tenant mix that supports professional services.
The space is well suited for businesses that want a finished, office-ready environment with dedicated private rooms and a reception area for meeting clients. It may also appeal to investors looking for a rental-ready office setup within a multi-tenant professional building serving medical, insurance, and real estate users.
Key Highlights
- Office suite built in 2019 with a fully built‑out layout for immediate occupancy or rental
- Includes two private offices and a reception/lobby area
- Kitchenette included within the suite
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
Lease Details
Turnkey business
Opportunity
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 - Fully built-out office suite with private offices, reception area, and kitchenette for immediate occupancy or rental.
Where is this office units located?
The property is located at 10450 NW 33rd Street #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: Office suite built in 2019 with a fully built‑out layout for immediate occupancy or rental; Includes two private offices and a reception/lobby area; Kitchenette included within the suite
