Doral Office and Warehouse
For Sale
$2,300,000
2201 NW 102nd Pl 4A, Doral, FL 33172
Two-story office and warehouse in Doral with flexible layout.
Property Size5,500 SF
Days on Market167
Property Features for 2201 NW 102nd Pl 4A
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$20,159
Building Details
Building Size
5,500 SF
Year Built
1994
Stories
2
Listing Agency:
Brown Harris Stevens
(786) 486-1617
Listed By:
Jenny Gonzalez · License #A12041345
(786) 486-1617
Source:
Elliman
Added: Mar 11
Changed: Aug 14
Last Checked: Aug 24 at 2:36PM
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 Brown Harris Stevens
Investment Insights
Based on property information with market context.
This two-story property in Doral features both office and warehouse space. The ground floor includes a reception area, a large office, and a secondary space suitable for an office or break room, along with two bathrooms. The second floor offers a spacious executive office, a conference room, four private workstations, two enclosed offices, a shared work area, a bathroom, and a kitchen. The air-conditioned warehouse space measures approximately 62 feet by 42 feet, complemented by a 19-foot by 45-foot loading dock. The warehouse is completely open, allowing for flexible layout options. The property also includes assigned parking spaces.
Key Highlights
- Large A/C warehouse space (approx. 62 Ft by 42 Ft) with flexible layout options.
- Functional office space with reception area, executive office, conference room, private workstations, enclosed offices, shared work area, and kitchen.
- 19 by 45 Ft. loading dock.
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
$120,978
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
5.26%
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%
$2,419,560
$2.4M
Cap Rate 7%
$1,728,257
$1.7M
Cap Rate 9%
$1,344,200
$1.3M
Market Conditions
NOI Build-Up for 5,500 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
$198.0K $36.00/SF
− Vacancy
−$11.9K −$2.16/SF
EGI
$186.1K $33.84/SF
− OpEx
−$65.1K −$11.84/SF
NOI
$121.0K $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 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%
$2,419,560
Cap Rate 7%
$1,728,257
Cap Rate 9%
$1,344,200
Alternative Uses
Best Use
Flex RnD
$1.73M
$1.51M – $2.02M
NOI $120,978 @ 7.0% cap · market cap 5.26%
Second Best
Industrial
$848.2K
$742.2K – $989.6K
NOI $59,376 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$2.79M
$2.44M – $3.26M
NOI $195,327 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,554
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
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CSS — 2200 NW 102nd Pl, Doral, FL 33172
- Bistro Team Catering — 1825 NW 112th Ave #151, Miami, FL 33172
- Healthy Gourmet Lunch — 1750 NW 107th Ave, Miami, FL 33172
- Relish Miami — 2855 NW 112th Ave #7, Doral, FL 33172
Frequently Asked Questions
What type of property is this?
Flex space - Two-story office and warehouse in Doral with flexible layout.
Where is this flex space located?
The property is located at 2201 NW 102nd Pl 4A Doral, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Large A/C warehouse space (approx. 62 Ft by 42 Ft) with flexible layout options.; Functional office space with reception area, executive office, conference room, private workstations, enclosed offices, shared work area, and kitchen.; 19 by 45 Ft. loading dock.
