Fully Operational Flex
190-10800 Nw 21st St Doral, FL 33139
For Sale
$1,950,000
Flex warehouse with two dock loading doors, furnished offices, sprinkler system, and impact windows.
Property Size4,000 SF
Price / SF$487.50
Days on Market111
Property Features for 190-10800 Nw 21st St
General Information
Standard status
Active
Size
4,000 SF
Listing Agency:
Fortex Realty Inc
(305) 213-6005
Listed By:
Karla Santos · License #3275933
(305) 213-6005
Source:
Exprealty
Added: Apr 10
Changed: Jul 26
Last Checked: Jul 26 at 11:35AM
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 Fortex Realty Inc
Investment Insights
Based on property information with market context.
This fully operational flex warehouse is built for immediate use, combining office and warehouse functionality. The space includes three offices plus a reception area, and is fully furnished with office desks and chairs. Office technology and equipment are included, including a DVR system with 8 cameras and remote access, along with copy machines and refrigerators.
The warehouse component is approximately 4,000 square feet and features two high dock loading doors. The unit also includes industrial shelving and storage racks, as well as forklifts and pallet jacks. Improvements noted include impact windows, recently remodeled roofs, and a sprinkler system.
Parking is supported by six assigned spaces plus ample guest parking. Private security is included in the association. Located centrally in a prestigious Doral area at 190-10800 NW 21st St, Doral, FL.
The warehouse component is approximately 4,000 square feet and features two high dock loading doors. The unit also includes industrial shelving and storage racks, as well as forklifts and pallet jacks. Improvements noted include impact windows, recently remodeled roofs, and a sprinkler system.
Parking is supported by six assigned spaces plus ample guest parking. Private security is included in the association. Located centrally in a prestigious Doral area at 190-10800 NW 21st St, Doral, FL.
Key Highlights
- Fully operational space available now with furnished offices, desks/chairs, and office support items
- Flex warehouse includes ±4,000 SF warehouse space with two high dock loading doors
- Warehouse equipped with industrial shelving/storage racks, forklifts, and pallet jacks
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.4k | $45.60 |
| − Vacancy | −$41.0k | −$10.26 |
| EGI | $141.4k | $35.34 |
| − OpEx | −$35.3k | −$8.84 |
| NOI | $106.0k | $26.51 |
4,000 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.51M
$1.33M – $1.77M
NOI $106,020 @ 7.0% cap · market cap 5.44%
Second Best
Flex RnD
$1.26M
$1.10M – $1.47M
NOI $87,984 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,056 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse with two dock loading doors, furnished offices, sprinkler system, and impact windows.
Where is this flex space located?
The property is located at 190-10800 Nw 21st St Doral, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Fully operational space available now with furnished offices, desks/chairs, and office support items; Flex warehouse includes ±4,000 SF warehouse space with two high dock loading doors; Warehouse equipped with industrial shelving/storage racks, forklifts, and pallet jacks
