Individually Deeded Office
For Sale
$11,100,000
7950 NW 53rd St, Miami, FL 33166
Individually deeded office condominium suites available for purchase, with Magaya Corporation retaining about 30% for ongoing occupancy.
Property Size17,650 SF
Price / SF$628.90
Days on Market158
Property Features for 7950 NW 53rd St
General Information
Standard status
Active
Size
17,650 SF
Property subtype
Office
Additional Details
Cap Rate
8.3%
Amenities
Rare office condo ownership opportunity in core Miami
Units available individually, in tranches, or as entire portfolio
Located in Downtown Doral's high-growth mixed-use district
Surrounded by $1B+ in new retail, hospitality, and medical development
Strong daytime population ~590k within 5 miles
Small-format suites ideal for medical, legal, tech, and financial users
Building Details
Building Size
17,650 SF
Year Built
2008
Listing Agency:
Marcus & Millichap - The Zylberglait Group
Listed By:
Alex Zylberglait · License #License(s): FL: BK3015211
(786) 522-7056
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 8
Last Checked: Sep 7 at 5:04AM
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 Marcus & Millichap - The Zylberglait Group
Investment Insights
Based on property information with market context.
7950 Professional Center offers individually deeded office condominium units, with suites available for purchase individually, in grouped tranches, or as a complete portfolio. Magaya Corporation, a global logistics software firm, will retain approximately 30% of the suites for continued corporate occupancy.
The property is positioned in Downtown Doral, within one of Miami-Dade’s most active business and mixed-use development zones. Public remarks cite nearby development momentum along the NW 53rd Street corridor, including Whole Foods-anchored retail, UHealth medical expansions, new hospitality concepts, and increased multifamily density.
For buyers seeking ownership of small-format professional space with on-site corporate co-tenancy, this offering is presented as immediately usable and supports multiple exit paths, including resale-by-unit or a longer-term condo hold.
The property is positioned in Downtown Doral, within one of Miami-Dade’s most active business and mixed-use development zones. Public remarks cite nearby development momentum along the NW 53rd Street corridor, including Whole Foods-anchored retail, UHealth medical expansions, new hospitality concepts, and increased multifamily density.
For buyers seeking ownership of small-format professional space with on-site corporate co-tenancy, this offering is presented as immediately usable and supports multiple exit paths, including resale-by-unit or a longer-term condo hold.
Key Highlights
- Year built 2008 office condominium building with individually deeded suites available for purchase
- Magaya Corporation will retain about 30% of the suites for continued corporate occupancy
- Remaining suites are available for purchase individually, in grouped tranches, or as a complete portfolio
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
$506,334
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
4.56%
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%
$10,126,680
$10.1M
Cap Rate 7%
$7,233,343
$7.2M
Cap Rate 9%
$5,625,933
$5.6M
Market Conditions
NOI Build-Up for 17,650 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
$794.3K $45.00/SF
− Vacancy
−$119.1K −$6.75/SF
EGI
$675.1K $38.25/SF
− OpEx
−$168.8K −$9.56/SF
NOI
$506.3K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /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%
$10,126,680
Cap Rate 7%
$7,233,343
Cap Rate 9%
$5,625,933
Alternative Uses
Best Use
Office B
$7.23M
$6.33M – $8.44M
NOI $506,334 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.91M
$10.42M – $13.90M
NOI $833,970 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,667
Businesses Nearby
Explore this area
Business Placement
Demographics for 33166, FL
26,106
Population
10,838
Households
2.4
Avg Household Size
41
Median Age
42%
College-Educated
83%
High-School Grad
7.9 sq mi
ZIP Area
3,305
Density / Sq Mi
$78,166
Median Household Income
$39,744
Median Earnings
$1,766
Median Rent
$489,200
Median Home Value
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Individually deeded office condominium suites available for purchase, with Magaya Corporation retaining about 30% for ongoing occupancy.
Where is this office units located?
The property is located at 7950 NW 53rd St Miami, FL.
What is the asking price?
The asking price for this property is $11,100,000.
What are key features of this property?
This property features: Year built 2008 office condominium building with individually deeded suites available for purchase; Magaya Corporation will retain about 30% of the suites for continued corporate occupancy; Remaining suites are available for purchase individually, in grouped tranches, or as a complete portfolio
