Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5600 NW 84th Ave Doral, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Corner warehouse located one block from Downtown Doral.

    Type:INDUSTRIAL
    Property size:
    9,600 SF
    Lot size:
    0.68 Acres
    Added:
    Jan 31, 2023
    Days on Market:
    1179
    Last Refresh:
    Apr 5 at 10:15 pm

    Property Features for 5600 NW 84th Ave

    General Information

    Standard status
    Active
    Size
    9,600 SF
    Lot size
    0.68 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 5600 NW 84th Ave Contact us

    We can help!

    Listing Contact
    Hector Cataño

    Listing agent Hector Cataño

    Listing office Cornerstone International Realty

    Listing date Jan 31, 2023

    Source Moodyscre

    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 Cornerstone International Realty

    Overview

    Corner Warehouse Near Downtown Doral

    This corner warehouse is situated on the corner of 84th Avenue and 56th Street, one block away from Downtown Doral and Doral City Hall. The property offers a total area of 9,600 square feet.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Delsie Self Storage Facility — 4711 NW 79th Ave ste 8h 9i, Doral, FL 33166
    • ESS — 4995 NW 79th Ave, Miami, FL 33166
    • Doral Self Storage Unit — 5055 nw 77th ave, miami, fl 33166
    • Extra Space Storage — 5055 NW 77th Ave, Miami, FL 33166
    • Extra Space Storage — 4995 NW 79th Ave, Miami, FL 33166, United States

    Location Insight

    • Map
    • Local Demand
    City
    Doral
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2962
    Latitude
    25.7786

    Nearby Similar for Lease

    • $7,220/Mo

      Doral Office Sublease Opportunity

      Sublease opportunity in a Class A Doral office building.
      8200 NW 41st St, Doral, FL 33166
      View Details
    • $3,995/Mo

      Doral Office Space For Lease

      Prime Doral office space in strategic location near highways.
      10450 NW 33rd St, Doral, FL 33172
      View Details
    • $5,900/Mo

      Doral Office-Warehouse Unit For Rent

      2,240 sq ft office-warehouse unit in Doral's business district.
      10171 NW 58th St, Doral, FL 33178
      View Details
    • $3,597/Mo

      Doral Flex Unit For Rent

      Versatile flex unit with warehouse and office space in Doral.
      8000 NW 31st St, Doral, FL 33122
      View Details
    • $6,950/Mo

      Doral Office-Warehouse Unit For Rent

      Versatile 2,651 sq. ft. office-warehouse in Doral's commercial district.
      10171 NW 58th St, Doral, FL 33178
      View Details
    • $2,700/Mo

      Doral Office with Glass Partitions

      Office space with reception, conference room, and four offices.
      7791 NW 46th St, Doral, FL 33166
      View Details
    • $6,500/Mo

      Doral Office Space Available

      Functional office space in Doral's business district for lease.
      7791 NW 46th St, Doral, FL 33166
      View Details
    • $2,500/Mo

      Doral Mixed-Use Space For Rent

      Spacious Doral workspace with loading dock, utilities included.
      10431 NW 28th St, Doral, FL 33172
      View Details
    • $3,200/Mo

      Commercial Office Space in Doral

      Versatile office space with conference room, private rooms, and kitchen.
      2400 NW 87th Pl, Doral, FL 33172
      View Details
    • $4,500/Mo

      Turnkey Medical Suite in Doral

      Fully equipped medical office suite ready for immediate occupancy.
      3650 NW 82nd Ave, Doral, FL 33166
      View Details
    • $2,100/Mo

      Doral Retail Space For Rent

      Retail space in a fast-growing city, ideal for business.
      4815 NW 79th Ave, Doral, FL 33166
      View Details
    • $17 SF/Yr

      Doral Flex Warehouse/Office Space

      Versatile flex warehouse/office space in Doral with flexible zoning.
      7957 NW 54th St, Doral, FL 33166
      View Details

    FAQs

    What type of property is this?
    Warehouse - Corner warehouse located one block from Downtown Doral.
    Where is this warehouse located?
    The property is located at 5600 NW 84th Ave Doral, FL.
    What are key features of this property?
    This property features: Prime corner location at 84th Ave and 56th Street.; One block from Downtown Doral.; One block from Doral City Hall.
    (305) 428-2708 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Hector Cataño
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!