Modern Office Unit with Glass
For Sale
Contact for pricing
Pending
10450 NW 33rd St # 202, Doral, FL 33172
Built in 2019 with ADA-compliant restrooms and prewiring for high-speed internet and telephone services.
Property Size615 SF
Days on Market1139
Property Features for 10450 NW 33rd St # 202
General Information
Standard status
Pending
Size
615 SF
Total Parking Spaces
2
Property subtype
Office
Zoning
7600
Amenities
LED lighting
ADA-compliant restrooms
Building Details
Year Built
2019
Listing Agency:
Realty One Group Evolution
Listed By:
Arquimedes Paz · License #3492949
(786) 477-4715
Source:
Crexi
Added: Jul 22, 2023
Changed: Aug 31
Last Checked: Aug 31 at 2:50AM
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 Realty One Group Evolution
Investment Insights
Based on property information with market context.
Office Unit 202 occupies space within a contemporary commercial building completed in 2019. The property includes 11-foot impact-resistant glass walls with insulated and tinted glazing, creating a modern professional setting. The unit is prewired for high-speed internet and telephone services, supporting straightforward business connectivity.
Shared building features include LED-lit common areas and spacious ADA-compliant restrooms for men and women on every floor. The property is located at 10450 NW 33rd St in Doral, Florida, and carries zoning designation 7600.
Shared building features include LED-lit common areas and spacious ADA-compliant restrooms for men and women on every floor. The property is located at 10450 NW 33rd St in Doral, Florida, and carries zoning designation 7600.
Key Highlights
- 11‑foot impact‑resistant, insulated, and tinted glass walls
- Prewired for high‑speed internet and telephone services
- ADA‑compliant men’s and women’s restrooms on every floor
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
$16,301
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
6.94%
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%
$326,020
$326.0K
Cap Rate 7%
$232,871
$232.9K
Cap Rate 9%
$181,122
$181.1K
Market Conditions
NOI Build-Up for 615 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
$28.0K $45.60/SF
− Vacancy
−$6.3K −$10.26/SF
EGI
$21.7K $35.34/SF
− OpEx
−$5.4K −$8.84/SF
NOI
$16.3K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /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%
$326,020
Cap Rate 7%
$232,871
Cap Rate 9%
$181,122
Alternative Uses
Best Use
Office B
$232.9K
$203.8K – $271.7K
NOI $16,301 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$312.0K
$273.0K – $364.0K
NOI $21,841 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,562
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Built in 2019 with ADA-compliant restrooms and prewiring for high-speed internet and telephone services.
Where is this office units located?
The property is located at 10450 NW 33rd St # 202 Doral, FL.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 11‑foot impact‑resistant, insulated, and tinted glass walls; Prewired for high‑speed internet and telephone services; ADA‑compliant men’s and women’s restrooms on every floor
