Flex Space with
1929 NW 108th Ave 1929, Sweetwater, FL 33172
For Sale
$1,250,000
The unit combines dedicated office and warehouse areas with a kitchen and half bath.
Property Size3,523 SF
Price / SF$354.81
Days on Market154
Property Features for 1929 NW 108th Ave 1929
General Information
Standard status
Size
Total Parking Spaces
Zoning
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Additional Details
Property Use
Amenities
Central Air
Central, Electric
Assigned, Guest
Building Details
Building Size
Year Built
Listing Agency:
Fortune International Realty
Listed By:
Patricia Paris · License #3157885
(786) 712-3654
Source:
Evrealestate
Added: Jun 8
Changed: Nov 7
Last Checked: Oct 26 at 3:27PM
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 Fortune International Realty
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Investment Insights
Based on property information with market context.
This 2004-built flex condominium contains 3,523 square feet, including 1,200 square feet of office area and 2,323 square feet of warehouse space. The office is separated from the warehouse, which has a street-level loading door and 21-foot clear ceiling height. A kitchen, half bathroom, and additional mezzanine area are also present. The property is one of nine units in a light industrial condominium.
The site is between Dolphin and International malls, close to the airport, and near the Dolphin Expressway and Turnpike.
The site is between Dolphin and International malls, close to the airport, and near the Dolphin Expressway and Turnpike.
Key Highlights
- 3,523 square feet: 1,200 office and 2,323 warehouse
- Warehouse offers 21‑foot clear ceiling height and a street‑level loading door
- Separated office area, kitchen, half bath, and additional mezzanine space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,492
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,549,840
$1.5M
Cap Rate 7%
$1,107,029
$1.1M
Cap Rate 9%
$861,022
$861.0K
Market Conditions
NOI Build-Up for 3,523 SF
Gross rent
$126.8K $36.00/SF
− Vacancy
−$7.6K −$2.16/SF
EGI
$119.2K $33.84/SF
− OpEx
−$41.7K −$11.84/SF
NOI
$77.5K $22.00/SF
Area
Miami-Dade County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,549,840
Cap Rate 7%
$1,107,029
Cap Rate 9%
$861,022
Alternative Uses
Best Use
Flex RnD
$1.11M
$968.7K – $1.29M
NOI $77,492 @ 7.0% cap · market cap 6.20%
Second Best
Warehouse
$659.8K
$577.3K – $769.7K
NOI $46,183 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$1.79M
$1.56M – $2.09M
NOI $125,116 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
21 ft
Clear height
Location Intelligence
Trade Area within ½ mile
3,883
Businesses Nearby
Well-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 Flex space in Miami-Dade County, FL
Properties on Market for Flex space in Miami-Dade County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
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- CSS — 2200 NW 102nd Pl, Doral, FL 33172
- Relish Miami — 2855 NW 112th Ave #7, Doral, FL 33172
Frequently Asked Questions
What type of property is this?
Flex space - The unit combines dedicated office and warehouse areas with a kitchen and half bath.
Where is this flex space located?
The property is located at 1929 NW 108th Ave 1929 Sweetwater, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,523 square feet: 1,200 office and 2,323 warehouse; Warehouse offers 21‑foot clear ceiling height and a street‑level loading door; Separated office area, kitchen, half bath, and additional mezzanine space
