Office-Forward Flex
5520-5522 NW 72nd Ave, Miami, FL 33166
For Sale
New
$1,449,000
Under Contract
Land, Miami, FL
Property Size4,420 SF
Lot Size0.10 Acres
Price / SF$327.83
Days on Market4
Property Features for 5520-5522 NW 72nd Ave
General Information
Property type
Property subtype
Zoning description
Subdivision
Lot features
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Water source
Amenities
reception area
glass-enclosed boardroom
private offices
kitchenette
private restroom
Listing Agency:
Compass Florida, LLC
(305) 697-5402
Listed By:
Wendy Perez · License #3655602
(786) 603-7773
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 7 at 8:06PM
MLS# A12118477
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.
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Investment Insights
Based on property information with market context.
At 5520-5522 NW 72nd Ave, this approximately 4,420-square-foot flex property combines executive offices with warehouse operations. The office area includes a reception space, glass-enclosed boardroom, private offices, custom millwork, architectural lighting, a kitchenette, and a private restroom. In the rear, the warehouse features approximately 16-foot clear ceilings, a street-level roll-up door, climate-controlled storage, pallet racking, and two private entrances.
The property is adjacent to Downtown Doral and a short drive from the Palmetto Expressway (SR-826). Restaurants, retail, and everyday amenities are within walking distance.
The property is adjacent to Downtown Doral and a short drive from the Palmetto Expressway (SR-826). Restaurants, retail, and everyday amenities are within walking distance.
Key Highlights
- Approximately 4,420 SF of flex space
- Office area includes reception, glass‑enclosed boardroom, private offices, kitchenette, and private restroom
- Warehouse has approximately 16‑foot clear ceilings and a street‑level roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,106
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,442,120
$1.4M
Cap Rate 7%
$1,030,086
$1.0M
Cap Rate 9%
$801,178
$801.2K
Market Conditions
NOI Build-Up for 4,420 SF
Gross rent
$89.1K $20.16/SF
− Vacancy
−$4.3K −$0.97/SF
EGI
$84.8K $19.19/SF
− OpEx
−$12.7K −$2.88/SF
NOI
$72.1K $16.31/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,442,120
Cap Rate 7%
$1,030,086
Cap Rate 9%
$801,178
Alternative Uses
Best Use
Warehouse
$1.03M
$901.3K – $1.20M
NOI $72,106 @ 7.0% cap · market cap 4.98%
Second Best
Flex RnD
$925.9K
$810.2K – $1.08M
NOI $64,815 @ 7.0% cap · market cap 4.47%
Theoretical Best
Specialty Retail
$2.98M
$2.61M – $3.48M
NOI $208,847 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,682
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33166, FL
26,106
Population
10,838
Households
2.4
Avg Household Size
41
Median Age
42%
College-Educated
83%
High-School Grad
7.9 sq mi
ZIP Area
3,305
Density / Sq Mi
$78,166
Median Household Income
$39,744
Median Earnings
$1,766
Median Rent
$489,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Miami, FL
Properties on Market for Flex space in Miami
Vacancy Rate% for Industrial in Miami, FL
Similar Off Market Nearby
- Flying Food Group — Florida 33166
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- Gourmet Concepts — 5231 Geneva NW 48th Way, Doral, FL 33166
- Funky Lab 305 — 5149 NW 74th Ave, Miami, FL 33166
- Green Meals — 7415 NW 54th St, Miami, FL 33166
Frequently Asked Questions
What type of property is this?
Flex space - Renovated interiors pair a client-facing office environment with warehouse space, climate-controlled storage, and pallet racking.
Where is this flex space located?
The property is located at 5520-5522 NW 72nd Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: Approximately 4,420 SF of flex space; Office area includes reception, glass‑enclosed boardroom, private offices, kitchenette, and private restroom; Warehouse has approximately 16‑foot clear ceilings and a street‑level roll‑up door
