Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Downtown Doral Title is generated by Realmo AI

    5241 Nw 87th Ave, Doral, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in vibrant Downtown Doral shopping center.

    Type:RETAIL
    Property size:
    5,200 SF
    Lot size:
    2.88 Acres
    Added:
    May 28, 2025
    Days on Market:
    361
    Last Refresh:
    Apr 5 at 9:33 pm

    Property Features for 5241 Nw 87th Ave

    General Information

    Standard status
    Active
    Size
    5,200 SF
    Lot size
    2.88 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 5241 Nw 87th Ave Contact us

    We can help!

    Listing Contact
    Alyona Tsutskova

    Listing agent Alyona Tsutskova

    Listing office Metro Commercial - FL

    Listing date May 28, 2025

    Source Moodyscre

    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 Metro Commercial - FL

    HighLights

    • Located in Downtown Doral alongside Publix, Negroni, Mister 01 Pizza, Bulla Gastrobar, Pura Vida, Baptist Health, and University of Miami Health System.
    • High density of households: 48,118 total households within a 10‑minute drive.
    • Access to over 500 existing parking spaces across 4 garages.
    • Part of a vibrant commercial market with 7,000+ residential units in Downtown Doral.
    • Substantial retail space: ±34,784 SF.
    • Future expansion plans include over 900 additional parking spaces and 24,800 SF of retail space in Phase 3.

    Overview

    This retail space is located in Downtown Doral, joining tenants such as Publix, Negroni, Mister 01 Pizza, Bulla Gastrobar, Pura Vida, Baptist Health, and University of Miami Health System. The location benefits from over 500 existing parking spaces distributed across four garages. The surrounding area includes over 7,000 residential units, contributing to a bustling commercial market. The property is part of a retail area totaling approximately 34,784 square feet, with future expansion plans to add over 900 parking spaces. Phase 3 expansion is planned for approximately 24,800 square feet. The location benefits from 48,118 total households within a 10-minute drive time.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Dental Office Law Firm Spa & Massage Center Building Supply Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Boykin Center — 7930 NW 36th St, Doral, FL 33166
    • Miss n — 3585 NW 83rd St, Doral, FL 33122
    • City Place Miami — NW 83rd Ave, Doral, FL 33166
    • Doral Square Shopping Mall — Doral, FL 33166
    • CityPlace Doral — 8300 NW 36th St, Doral, FL 33166

    Location Insight

    • Map
    • Local Demand
    City
    Doral
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2962385
    Latitude
    25.778647

    Nearby Similar for Lease

    • $10,000/Mo
      5,227 SF

      Doral Warehouse/Office Space Available

      Industrial warehouse/office space in Doral's Palmetto Doral Industrial Park.
      3004 NW 79th Ave, Doral, FL 33122
      View Details
    • $10,000/Mo
      5,000 SF

      Doral Warehouse with Showroom Space

      5,000 SF warehouse with showroom near Doral City Place.
      8109 NW 29th St, Doral, FL 33122
      View Details
    • $14,200/Mo
      6,100 SF

      Doral Warehouse with Office Space

      Warehouse with office space for rent in Doral, Florida.
      7865 NW 46th St, Doral, FL 33166
      View Details
    • $60 SF/Yr
      1,418 SF

      Doral Retail/Service Space Available

      High-traffic Doral retail corridor, move-in ready, flexible layout.
      10015 NW 41st St, Doral, FL 33178
      View Details
    • $17 SF/Yr
      15,000 SF

      Doral Flex Warehouse/Office Space

      Versatile flex warehouse/office in Doral with intensive use zoning.
      7957 NW 54th St, Doral, FL 33166
      View Details
    • $4,583/Mo
      2,200 SF

      Doral Office Sublease Opportunity

      Sublease opportunity in a Class A office building in Doral.
      8200 NW 41st St, Doral, FL 33166
      View Details
    • $17,000/Mo
      8,271 SF

      Doral Warehouse/Production Studio with Offices

      Class A warehouse/studio with offices and full AC.
      2350 NW 96th Ave, Doral, FL 33172
      View Details
    • $5,900/Mo
      2,240 SF

      Doral Office-Warehouse Unit For Rent

      2,240 sq ft office-warehouse in Doral's business district.
      10171 NW 58th St, Doral, FL 33178
      View Details
    • $6,200/Mo
      3,000 SF

      Doral Office Space Available

      Commercial office space in Doral with flexible configurations.
      2746 NW 112th Ave, Doral, FL 33172
      View Details
    • $3,597/Mo
      1,727 SF

      Doral Flex Unit For Rent

      Versatile flex unit with warehouse and office space in Doral.
      8000 NW 31st St, Doral, FL 33122
      View Details
    • $6,950/Mo
      2,651 SF

      Doral Office-Warehouse Flex Space

      Versatile 2,651 sq ft flex space in Doral's commercial district.
      10171 NW 58th St, Doral, FL 33178
      View Details
    • $21,700 SF/Yr
      10,000 SF

      Doral Warehouse with Air Conditioning

      Air-conditioned warehouse space in Doral West, near major transit.
      3450 NW 115th Ave, Doral, FL 33178
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in vibrant Downtown Doral shopping center.
    Where is this shopping center located?
    The property is located at 5241 Nw 87th Ave Doral, FL.
    What are key features of this property?
    This property features: Located in Downtown Doral alongside Publix, Negroni, Mister 01 Pizza, Bulla Gastrobar, Pura Vida, Baptist Health, and University of Miami Health System.; High density of households: 48,118 total households within a 10‑minute drive.; Access to over 500 existing parking spaces across 4 garages.
    (786) 388-6470 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Alyona Tsutskova
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5241 Nw 87th Ave, Doral, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!