Professional Office
1500 NW 89th Ct #204, Doral, FL 33172
For Sale
New
$469,000
An office condominium in a business center, designated IU-C.
Property Size875 SF
Price / SF$536
Days on Market3
Property Features for 1500 NW 89th Ct #204
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Lease Term
Site & Location
Neighborhood
Highway Access
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Brokers, LLC
(954) 384-1616
Listed By:
Claudia Serna · License FL #3015838
(954) 993-1616
Source:
Futureoptionrealty
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 10 at 2:18AM
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 Brokers, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 875-square-foot office condominium is located in Riviera Point Business Center. The building dates to 2016, and the unit carries IU-C zoning.
At 1500 NW 89th Ct in Doral, the property has access to the Palmetto Expressway, Dolphin Expressway, Florida’s Turnpike, and Miami International Airport. Restaurants, retail businesses, and major business hubs are identified in the surrounding area.
At 1500 NW 89th Ct in Doral, the property has access to the Palmetto Expressway, Dolphin Expressway, Florida’s Turnpike, and Miami International Airport. Restaurants, retail businesses, and major business hubs are identified in the surrounding area.
Key Highlights
- 875‑square‑foot office condominium
- Built in 2016
- IU‑C zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,417
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,340
$488.3K
Cap Rate 7%
$348,814
$348.8K
Cap Rate 9%
$271,300
$271.3K
Market Conditions
NOI Build-Up for 875 SF
Gross rent
$38.9K $44.40/SF
− Vacancy
−$6.3K −$7.19/SF
EGI
$32.6K $37.21/SF
− OpEx
−$8.1K −$9.30/SF
NOI
$24.4K $27.91/SF
Area
Miami-Dade County, FL
Vacancy
16.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,340
Cap Rate 7%
$348,814
Cap Rate 9%
$271,300
Alternative Uses
Best Use
Office B
$348.8K
$305.2K – $407.0K
NOI $24,417 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$477.8K
$418.1K – $557.5K
NOI $33,447 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,883
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
$260,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Doral, FL
Properties on Market for Office Units in Doral
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - An office condominium in a business center, designated IU-C.
Where is this office unit located?
The property is located at 1500 NW 89th Ct #204 Doral, FL.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 875‑square‑foot office condominium; Built in 2016; IU‑C zoning
