Corner Warehouse with
For Sale
Contact for pricing
8880-8888 NW 24th Ter, Doral, FL 33172
The property combines warehouse space with dedicated office area, indoor loading, and double-wide docks.
Property Size11,000 SF
Price / SF$227.27
Days on Market1307
Property Features for 8880-8888 NW 24th Ter
General Information
Standard status
Active
Size
11,000 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Office Build-Out
1,200 SF
Dock-High Doors
2
Additional Details
Road Access
Yes
Listing Agency:
Cornerstone International Realty
(305) 428-2708
Listed By:
Hector Cataño
Source:
Moodyscre
Added: Feb 1, 2023
Changed: Aug 30
Last Checked: Aug 31 at 1:48AM
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
Investment Insights
Based on property information with market context.
This 11,000-square-foot warehouse property includes 1,200 square feet of office space, indoor loading, and double-wide docks. The corner-unit configuration supports access from two sides, while the listed ceiling height is 22”.
Located at 8880-8888 NW 24th Ter in Doral, the property sits on 25th Street next to 87th Avenue. Its corner position provides exposure along 25th Street, with the site arranged for warehouse and office functions within a single industrial asset.
Located at 8880-8888 NW 24th Ter in Doral, the property sits on 25th Street next to 87th Avenue. Its corner position provides exposure along 25th Street, with the site arranged for warehouse and office functions within a single industrial asset.
Key Highlights
- 11,000‑square‑foot warehouse property
- 1,200 square feet of office space
- Indoor loading area
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
$144,199
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
5.77%
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%
$2,883,980
$2.9M
Cap Rate 7%
$2,059,986
$2.1M
Cap Rate 9%
$1,602,211
$1.6M
Market Conditions
NOI Build-Up for 11,000 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
$179.5K $16.32/SF
− Vacancy
−$9.9K −$0.90/SF
EGI
$169.6K $15.42/SF
− OpEx
−$25.4K −$2.31/SF
NOI
$144.2K $13.11/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
15.00%
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%
$2,883,980
Cap Rate 7%
$2,059,986
Cap Rate 9%
$1,602,211
Alternative Uses
Best Use
Flex RnD
$3.46M
$3.02M – $4.03M
NOI $241,956 @ 7.0% cap · market cap 9.68%
Second Best
Warehouse
$2.06M
$1.80M – $2.40M
NOI $144,199 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$5.58M
$4.88M – $6.51M
NOI $390,653 @ 7.0% cap · market cap 15.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Dock-high doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,616
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 Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Doral Cold Storage — 1375 NW 89th Ct, Doral, FL 33172
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- Stat Logistics — NW 14th St, Doral, FL 33122
- Two Marines Moving — 1460 NW 82nd Ave, Doral, FL 33126
Frequently Asked Questions
What type of property is this?
Warehouse - The property combines warehouse space with dedicated office area, indoor loading, and double-wide docks.
Where is this warehouse located?
The property is located at 8880-8888 NW 24th Ter Doral, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 11,000‑square‑foot warehouse property; 1,200 square feet of office space; Indoor loading area
