Renovated Office-Warehouse Flex
5520-5522 NW 72nd Ave 5520-5522, Miami, FL 33166
For Sale
New
$1,496,000
A glass-enclosed boardroom and private offices pair with warehouse storage, climate control, and a street-level roll-up door.
Property Size4,800 SF
Price / SF$311.67
Days on Market1
Property Features for 5520-5522 NW 72nd Ave 5520-5522
General Information
Standard status
Size
Warehouse & Industrial
Clear Height
Drive-In Doors
Conditioned Warehouse
Additional Details
Highway Access
Property Use
Building Details
Year Built
Listing Agency:
Compass Florida, LLC.
Listed By:
Wendy Perez · License #3655602
(786) 603-7773
Source:
Chenoregroup
Added: Nov 7
Last Checked: Aug 25 at 4:16AM
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 Compass Florida, LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property combines a client-facing office suite with rear warehouse space. Office features include a reception area, glass-enclosed boardroom, private offices, custom millwork, marble finishes, architectural lighting, a kitchenette, and a private restroom. The warehouse has approximately 16-foot clear ceilings, climate-controlled storage, pallet racking, a street-level roll-up door, and two private entrances. The property was built in 1973 and has undergone a high-end renovation.
The site is adjacent to Downtown Doral and minutes from the Palmetto Expressway (SR-826). Restaurants, retail, and everyday amenities are within walking distance, with access to Miami business and logistics corridors noted as a location benefit.
The site is adjacent to Downtown Doral and minutes from the Palmetto Expressway (SR-826). Restaurants, retail, and everyday amenities are within walking distance, with access to Miami business and logistics corridors noted as a location benefit.
Key Highlights
- Approximately 16‑foot clear warehouse ceilings
- Office suite includes a glass‑enclosed boardroom, private offices, and reception area
- Warehouse has climate‑controlled storage, pallet racking, and a street‑level roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,305
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,566,100
$1.6M
Cap Rate 7%
$1,118,643
$1.1M
Cap Rate 9%
$870,056
$870.1K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$96.8K $20.16/SF
− Vacancy
−$4.6K −$0.97/SF
EGI
$92.1K $19.19/SF
− OpEx
−$13.8K −$2.88/SF
NOI
$78.3K $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%
$1,566,100
Cap Rate 7%
$1,118,643
Cap Rate 9%
$870,056
Alternative Uses
Best Use
Warehouse
$1.12M
$978.8K – $1.31M
NOI $78,305 @ 7.0% cap · market cap 5.23%
Second Best
Flex RnD
$1.01M
$879.8K – $1.17M
NOI $70,387 @ 7.0% cap · market cap 4.71%
Theoretical Best
Specialty Retail
$3.24M
$2.84M – $3.78M
NOI $226,802 @ 7.0% cap · market cap 15.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,613
Businesses Nearby
Balanced
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
$489,200
Median Home Value
Market
Average Price Trend$/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
- Juniors Catering of Miami — 7370 SW 48th St, Miami, FL 33155
- Billy G Catering — 4631 SW 75th Ave, Miami, FL 33155
- il Cucchiaio Professional Catering & Events Production — 4519 SW 75th Ave, Miami, FL 33155
- The Lazy Oyster — 4631 SW 75th Ave, Miami, FL 33155
- Le Basque the Caterers — 4652 SW 74th Ave, Miami, FL 33155
Frequently Asked Questions
What type of property is this?
Flex space - A glass-enclosed boardroom and private offices pair with warehouse storage, climate control, and a street-level roll-up door.
Where is this flex space located?
The property is located at 5520-5522 NW 72nd Ave 5520-5522 Miami, FL.
What is the asking price?
The asking price for this property is $1,496,000.
What are key features of this property?
This property features: Approximately 16‑foot clear warehouse ceilings; Office suite includes a glass‑enclosed boardroom, private offices, and reception area; Warehouse has climate‑controlled storage, pallet racking, and a street‑level roll‑up door
