Industrial Warehouse Condominium
1345 NW 98th Ct # 3 Unit 1 2 3, Doral, FL 33172
For Sale
$6,000,000
Three adjoining units combine warehouse space, rear loading, and three-phase power in an industrial park.
Property Size13,270 SF
Price / SF$452.15
Days on Market22
Property Features for 1345 NW 98th Ct # 3 Unit 1 2 3
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Warehouse Space
Dock-High Doors
Loading
Three-Phase Power
Additional Details
Asking Price
Highway Access
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Truth Real Estate, LLC.
Listed By:
Marby Borges Garcia · License #3274340
(305) 587-8651
Source:
Relinkre
Added: Oct 17
Changed: Nov 7
Last Checked: Nov 7 at 12:45PM
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 Truth Real Estate, LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Offered together, the three industrial warehouse condominium units contain 13,270 SF of recorded warehouse area. Built in 2007, the property has approximately 22-foot clear height, three rear-loaded dock doors at each unit, and three-phase power. The recorded area excludes office and mezzanine space. Units 1 and 2 are available, while Unit 3 is occupied under an existing lease that remains in place with the sale.
The property is in International Corporate Park in Doral, with access to SR 836 and SR 826.
The property is in International Corporate Park in Doral, with access to SR 836 and SR 826.
Key Highlights
- 13,270 SF of recorded warehouse area across three units
- Approximately 22‑foot clear height
- Nine rear‑loaded dock doors, with three per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$173,957
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,479,140
$3.5M
Cap Rate 7%
$2,485,100
$2.5M
Cap Rate 9%
$1,932,856
$1.9M
Market Conditions
NOI Build-Up for 13,270 SF
Gross rent
$216.6K $16.32/SF
− Vacancy
−$11.9K −$0.90/SF
EGI
$204.7K $15.42/SF
− OpEx
−$30.7K −$2.31/SF
NOI
$174.0K $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 Rate 5%
$3,479,140
Cap Rate 7%
$2,485,100
Cap Rate 9%
$1,932,856
Alternative Uses
Best Use
Warehouse
$2.49M
$2.17M – $2.90M
NOI $173,957 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.73M
$5.89M – $7.85M
NOI $471,270 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
22 ft
Clear height
9
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,270
Businesses Nearby
Under-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
$260,200
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Doral, FL
Properties on Market for Warehouses in Doral
Vacancy Rate% for Industrial in South region
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- 888 - Storage — nw 89th ct, doral, fl 33172
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Frequently Asked Questions
What type of property is this?
Warehouse - Three adjoining units combine warehouse space, rear loading, and three-phase power in an industrial park.
Where is this warehouse located?
The property is located at 1345 NW 98th Ct # 3 Unit 1 2 3 Doral, FL.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 13,270 SF of recorded warehouse area across three units; Approximately 22‑foot clear height; Nine rear‑loaded dock doors, with three per unit
