Flex Space with Warehouse
For Sale
$749,000
3300 NW 112th Ave, Doral, FL 33172
Commercial Sale, Doral, FL
Property Size1,220 SF
Lot Size0.03 Acres
Price / SF$613.93
Days on Market53
Property Features for 3300 NW 112th Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
7700
Parking
2
Parking features
Assigned
Security features
Security
Subdivision
30
Standard status
Active
APN
35-30-30-046-0110
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SAKHIL CENTER AT DORAL CONDO UNIT 11 UNDIV 1.90% INT IN COMMON ELEMENTS OFF REC 25086-1439 COC 25350-1263 02 2007 1
Tax Annual Amount
4740
HOA Fee
$180 Monthly
Legal Description
SAKHIL CENTER AT DORAL CONDO UNIT 11 UNDIV 1.90% INT IN COMMON ELEMENTS OFF REC 25086-1439 COC 25350-1263 02 2007 1
Utilities
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
1
Flooring type
Concrete
Building materials
Block
Roof type
Concrete
Listing Agency:
Realty One Group Evolution
(786) 477-4715
Listed By:
Maggie Moya · License #3272922
(786) 326-8435
Added: Jul 10
Changed: Aug 19
Last Checked: Aug 31 at 4:06AM
MLS# A12050557
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,220-square-foot flex condominium, built in 2006, includes approximately 200 square feet of air-conditioned office area and 1,020 square feet of warehouse space. The warehouse offers 20+ ft clear ceilings, concrete flooring, block construction, central air, and street-level front loading access. Two assigned parking spaces are included.
The property is located at 3300 NW 112th Ave in Doral, within Miami-Dade County. Regional access includes proximity to the Dolphin Expressway (SR 836), Florida's Turnpike, and Miami International Airport. Public water service and a concrete roof complete the listed improvements.
The property is located at 3300 NW 112th Ave in Doral, within Miami-Dade County. Regional access includes proximity to the Dolphin Expressway (SR 836), Florida's Turnpike, and Miami International Airport. Public water service and a concrete roof complete the listed improvements.
Key Highlights
- 1,220 SF flex condominium with approximately 200 SF of office and 1,020 SF of warehouse space
- 20+ ft clear ceilings in the warehouse area
- Street‑level front loading access
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
$26,835
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
3.58%
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%
$536,700
$536.7K
Cap Rate 7%
$383,357
$383.4K
Cap Rate 9%
$298,167
$298.2K
Market Conditions
NOI Build-Up for 1,220 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
$43.9K $36.00/SF
− Vacancy
−$2.6K −$2.16/SF
EGI
$41.3K $33.84/SF
− OpEx
−$14.4K −$11.84/SF
NOI
$26.8K $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%
$536,700
Cap Rate 7%
$383,357
Cap Rate 9%
$298,167
Alternative Uses
Best Use
Flex RnD
$383.4K
$335.4K – $447.3K
NOI $26,835 @ 7.0% cap · market cap 3.58%
Second Best
Warehouse
$228.5K
$199.9K – $266.6K
NOI $15,993 @ 7.0% cap · market cap 2.14%
Theoretical Best
Office A
$619.0K
$541.6K – $722.1K
NOI $43,327 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Relish Miami — 2855 NW 112th Ave #7, Doral, FL 33172
Frequently Asked Questions
What type of property is this?
Flex space - Corner condominium combines conditioned office space with high-clear warehouse capacity and street-level loading.
Where is this flex space located?
The property is located at 3300 NW 112th Ave Doral, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 1,220 SF flex condominium with approximately 200 SF of office and 1,020 SF of warehouse space; 20+ ft clear ceilings in the warehouse area; Street‑level front loading access
