Office Unit with Studio
1500 NW 89th Ct #209, Doral, FL 33172
For Sale
New
$615,000
A 2016 office unit has a reception zone, collaborative production area, and three private rooms.
Property Size964 SF
Price / SF$637.97
Days on Market2
Property Features for 1500 NW 89th Ct #209
General Information
Standard status
Size
Class
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Additional Details
Condition
Currently Operating
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
First Service Realty ERA
(305) 551-9400
Listed By:
Ovidio Mijares · License #3185548
(305) 484-2174
Source:
Grayprop
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 9 at 2:05AM
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 First Service Realty ERA
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Investment Insights
Based on property information with market context.
Built in 2016, this office unit is arranged with a reception area, an open work zone for production, and three enclosed rooms. Improvements include video display walls, integrated speakers, and upgraded lighting. The space is currently used for podcast and media production.
The property is near the Dolphin Expressway (SR-836), Florida’s Turnpike, and Miami International Airport. On-site parking is available.
The property is near the Dolphin Expressway (SR-836), Florida’s Turnpike, and Miami International Airport. On-site parking is available.
Key Highlights
- Built in 2016
- Interior includes a reception area, open production zone, and three enclosed rooms
- Two video walls and four built‑in speakers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,901
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,020
$538.0K
Cap Rate 7%
$384,300
$384.3K
Cap Rate 9%
$298,900
$298.9K
Market Conditions
NOI Build-Up for 964 SF
Gross rent
$42.8K $44.40/SF
− Vacancy
−$6.9K −$7.19/SF
EGI
$35.9K $37.21/SF
− OpEx
−$9.0K −$9.30/SF
NOI
$26.9K $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%
$538,020
Cap Rate 7%
$384,300
Cap Rate 9%
$298,900
Alternative Uses
Best Use
Office B
$384.3K
$336.3K – $448.4K
NOI $26,901 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$526.4K
$460.6K – $614.2K
NOI $36,849 @ 7.0% cap · market cap 5.99%
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
$260,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - A 2016 office unit has a reception zone, collaborative production area, and three private rooms.
Where is this office unit located?
The property is located at 1500 NW 89th Ct #209 Doral, FL.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Built in 2016; Interior includes a reception area, open production zone, and three enclosed rooms; Two video walls and four built‑in speakers
