Flex Space with Climate-Controlled
5900 NW 97th Ave #C-1 and C-2, Doral, FL 33178
For Sale
$8,190,000
Two connected units combine warehouse operations with integrated office space and high-capacity three-phase power.
Property Size18,200 SF
Price / SF$450
Days on Market16
Property Features for 5900 NW 97th Ave #C-1 and C-2
General Information
Standard status
Size
Property subtype
Zoning
Lease Term
Warehouse & Industrial
Three-Phase Power
Heavy Power
Conditioned Warehouse
Additional Details
Property Use
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Forum Real Estate Group
(305) 860-0060
Listed By:
Alberto Moreno
(305) 725-6050
Source:
Futureoptionrealty
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 7 at 8:06PM
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 Forum Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 18,200-square-foot flex property comprises two adjoining units offered together. The warehouse areas are identified as 6,000 square feet and 7,000 square feet, with office space integrated into the buildings. Unit 2 has climate-controlled warehouse space, and the property is equipped with high-power, three-phase electrical service. The stated office areas are 2,572 square feet and approximately 2,572 square feet on the second floor.
Built in 2003, the property is located at 5900 NW 97th Ave in Doral, Florida. The units are interconnected and can be viewed by appointment.
Built in 2003, the property is located at 5900 NW 97th Ave in Doral, Florida. The units are interconnected and can be viewed by appointment.
Key Highlights
- 18,200‑square‑foot flex property with two adjoining units sold together
- Warehouse areas identified as 6,000 square feet and 7,000 square feet
- Unit 2 includes climate‑controlled warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$400,327
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,006,540
$8.0M
Cap Rate 7%
$5,718,957
$5.7M
Cap Rate 9%
$4,448,078
$4.4M
Market Conditions
NOI Build-Up for 18,200 SF
Gross rent
$655.2K $36.00/SF
− Vacancy
−$39.3K −$2.16/SF
EGI
$615.9K $33.84/SF
− OpEx
−$215.6K −$11.84/SF
NOI
$400.3K $22.00/SF
Area
ZIP 33178
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 Rate 5%
$8,006,540
Cap Rate 7%
$5,718,957
Cap Rate 9%
$4,448,078
Alternative Uses
Best Use
Flex RnD
$5.72M
$5.00M – $6.67M
NOI $400,327 @ 7.0% cap · market cap 4.89%
Second Best
Warehouse
$4.31M
$3.77M – $5.02M
NOI $301,387 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$9.23M
$8.08M – $10.77M
NOI $646,354 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 33178, FL
65,487
Population
21,931
Households
3
Avg Household Size
37
Median Age
55%
College-Educated
86%
High-School Grad
61.1 sq mi
ZIP Area
1,072
Density / Sq Mi
$91,338
Median Household Income
$41,710
Median Earnings
$2,609
Median Rent
$499,300
Median Home Value
Market
Average Price Trend$/SF for Flex space in Doral, FL
Properties on Market for Flex space in Doral
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- La Cocina de Cesar — 6141 NW 115th Pl APT 358, Doral, FL 33178
Frequently Asked Questions
What type of property is this?
Flex space - Two connected units combine warehouse operations with integrated office space and high-capacity three-phase power.
Where is this flex space located?
The property is located at 5900 NW 97th Ave #C-1 and C-2 Doral, FL.
What is the asking price?
The asking price for this property is $8,190,000.
What are key features of this property?
This property features: 18,200‑square‑foot flex property with two adjoining units sold together; Warehouse areas identified as 6,000 square feet and 7,000 square feet; Unit 2 includes climate‑controlled warehouse space
