Flex Space with Overhead Access
For Sale
$1,500,000
Pending
11025 NW 29th St, Doral, FL 33172
Freestanding flex building on a fully fenced, controlled-access lot with street-level overhead door access.
Property Size5,980 SF
Lot Size0.65 Acres
Days on Market3591
Property Features for 11025 NW 29th St
General Information
Standard status
Pending
Size
5,980 SF
Total Parking Spaces
34
Lot size
0.65 Acres
Property subtype
General Commercial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
12 ft
Drive-In Doors
1
Additional Details
Floor
Street Level
Amenities
controlled access
3
34 Parking Spaces.
Building Details
Year Built
1989
Buildings
1
Building Size
5,980 SF
Listing Agency:
The Katsikos Group, Inc.
(305) 717-1880
Listed By:
Lee Katsikos
(305) 717-1880
Source:
Xome
Added: Oct 2, 2016
Changed: Jul 30
Last Checked: Jul 30 at 12:19PM
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 The Katsikos Group, Inc.
Investment Insights
Based on property information with market context.
Freestanding flex space at street level, offered with a 5,980 +/- SF building on a 0.65 +/- acre lot. The facility features a 12’ +/- ceiling height and includes a 10x10 overhead access door for practical loading and equipment movement. Site features include a fully fenced, controlled-access setup and 34 parking spaces.
Built in 1989, the property includes on-site guest facilities (3). The exterior configuration also includes a storage yard and is described as suitable for office, medical office, medical manufacturing, and contractor facility uses.
Located at 11025 NW 29th St in Doral, FL 33172, the property is positioned as a single-site solution for tenants seeking a flex-style building with direct overhead door access and a secured yard environment.
Built in 1989, the property includes on-site guest facilities (3). The exterior configuration also includes a storage yard and is described as suitable for office, medical office, medical manufacturing, and contractor facility uses.
Located at 11025 NW 29th St in Doral, FL 33172, the property is positioned as a single-site solution for tenants seeking a flex-style building with direct overhead door access and a secured yard environment.
Key Highlights
- 5,980 +/- SF freestanding flex building
- 0.65 +/- acre lot, fully fenced and controlled access
- 12' +/- ceiling height
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $215.3k | $36.00 |
| − Vacancy | −$12.9k | −$2.16 |
| EGI | $202.4k | $33.84 |
| − OpEx | −$70.8k | −$11.84 |
| NOI | $131.5k | $22.00 |
5,980 SF · lease $36.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$2.26M
$1.98M – $2.64M
NOI $158,500 @ 7.0% cap · market cap 10.57%
Second Best
Flex RnD
$1.88M
$1.64M – $2.19M
NOI $131,536 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$3.03M
$2.65M – $3.54M
NOI $212,373 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,759
Businesses Nearby
Well-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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding flex building on a fully fenced, controlled-access lot with street-level overhead door access.
Where is this flex space located?
The property is located at 11025 NW 29th St Doral, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,980 +/- SF freestanding flex building; 0.65 +/- acre lot, fully fenced and controlled access; 12' +/- ceiling height
