Two-Story Automotive Flex
For Sale
$1,850,000
211-6030 Nw 102nd Ave, Doral, FL
Two-story automotive flex warehouse condo with car lifts, double-sided access, and a kitchen and full bath.
Property Size1,972 SF
Price / SF$938.13
Days on Market110
Property Features for 211-6030 Nw 102nd Ave
General Information
Standard status
Active
Size
1,972 SF
Class
Trophy
Additional Details
Highway Access
Yes
Amenities
car lifts/holders
double-sided access
full kitchen
full bathroom
dedicated storage area
Building Details
Stories
2
Listing Agency:
Live Lavish Real Estate
Listed By:
Juan Reyes · License #A11970890
(786) 300-5229
Source:
Exprealty
Added: May 21
Changed: Sep 5
Last Checked: Sep 6 at 3:44PM
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 Live Lavish Real Estate
Investment Insights
Based on property information with market context.
This offering is for an automotive flex warehouse condo at The Collection Suites, identified as Unit 211, with the option to purchase Units 210 and 211 together or separately. The property is described as a high-end, two-story automotive warehouse condo with premium finishes and dedicated areas for both work and storage.
Interior features listed include porcelain tile floors, car lifts/holders, double-sided access, a full kitchen, a full bathroom, and a dedicated area for lockers or safe storage. The layout is presented as well-suited for a range of automotive-focused and lifestyle-oriented uses.
Units 210 and 211 are offered as nearly 4,000 total square feet combined, with the documentation indicating nearly 1,972 square feet per unit. Pricing is provided for the combined purchase and for each unit separately.
Interior features listed include porcelain tile floors, car lifts/holders, double-sided access, a full kitchen, a full bathroom, and a dedicated area for lockers or safe storage. The layout is presented as well-suited for a range of automotive-focused and lifestyle-oriented uses.
Units 210 and 211 are offered as nearly 4,000 total square feet combined, with the documentation indicating nearly 1,972 square feet per unit. Pricing is provided for the combined purchase and for each unit separately.
Key Highlights
- Two‑story automotive flex warehouse condo at The Collection Suites, Unit 211 (with option to buy Units 210 & 211 together or separately).
- Option to purchase Units 210 & 211 combined for $3.7M ($1.85M each), with nearly 4,000 SF total (about 1,972 SF each).
- Includes porcelain tile floors, a full kitchen, and a full bathroom.
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
$52,268
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
2.83%
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%
$1,045,360
$1.0M
Cap Rate 7%
$746,686
$746.7K
Cap Rate 9%
$580,756
$580.8K
Market Conditions
NOI Build-Up for 1,972 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
$89.9K $45.60/SF
− Vacancy
−$20.2K −$10.26/SF
EGI
$69.7K $35.34/SF
− OpEx
−$17.4K −$8.84/SF
NOI
$52.3K $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%
$1,045,360
Cap Rate 7%
$746,686
Cap Rate 9%
$580,756
Alternative Uses
Best Use
Office B
$746.7K
$653.4K – $871.1K
NOI $52,268 @ 7.0% cap · market cap 2.83%
Second Best
Flex RnD
$619.7K
$542.2K – $722.9K
NOI $43,376 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$1.00M
$875.4K – $1.17M
NOI $70,034 @ 7.0% cap · market cap 3.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,723
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story automotive flex warehouse condo with car lifts, double-sided access, and a kitchen and full bath.
Where is this flex space located?
The property is located at 211-6030 Nw 102nd Ave Doral, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two‑story automotive flex warehouse condo at The Collection Suites, Unit 211 (with option to buy Units 210 & 211 together or separately).; Option to purchase Units 210 & 211 combined for $3.7M ($1.85M each), with nearly 4,000 SF total (about 1,972 SF each).; Includes porcelain tile floors, a full kitchen, and a full bathroom.
