Private End-Unit Flex Showroom
For Sale
$1,700,000
6030 NW 102nd Ave #205 Unit 205, Doral, FL 33178
End-unit flex suite with 24-foot ceilings, mezzanine level, and smart-controlled security within a fully gated complex.
Property Size2,449 SF
Price / SF$694.16
Days on Market107
Property Features for 6030 NW 102nd Ave #205 Unit 205
General Information
Standard status
Active
Size
2,449 SF
Property subtype
Commercial
Additional Details
Clear Height
24 ft
Amenities
Lot Size Square Feet: 200948
Percentage of Tax that is Deductable: 0
Sale, Sale Type: Foreclosure
Built in 2018
Building Details
Year Built
2018
Listing Agency:
Compass Florida, LLC
(305) 851-2820
Listed By:
Jesse Spencer · License #3282789
(305) 851-2820
Source:
Doyle-realty
Added: May 8
Changed: Aug 22
Last Checked: Aug 22 at 4:24AM
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
Investment Insights
Based on property information with market context.
Suite 205 at CollectionSuites is an end-unit private flex/showroom opportunity offering a gallery-style interior configuration with soaring 24-foot ceilings. The suite includes a kitchen wet bar, a full bathroom, a closet, and a mezzanine level. The existing mezzanine provides additional usable space, and the height allows room for car lifts or for expanding the mezzanine if desired. Automated in-suite systems are controlled through a smart app, including garage door operation, lighting, climate, sound, and in-suite security cameras for real-time monitoring.
CollectionSuites is a four-building, fully gated complex designed around privacy and security. Ownership includes access to the VIP Concierge Network and the new private clubhouse planned as part of the CollectionSuites 2.0 expansion, with related owner-only amenities such as catering, event access, vehicle detailing, gas delivery, and dedicated transfer services. The property is located in Doral, with reported drive times to Miami International Airport (about 10 minutes) and Downtown Miami (about 20 minutes), and is described as minutes from Coral Gables, Brickell, and Miami Beach.
This suite is well suited for buyers seeking an end-unit private flex space that can function as a showroom while also supporting vehicle-focused storage or display needs, given the high ceilings and mezzanine configuration. The combination of gated access and app-controlled systems may appeal to owners who want a controlled, secured environment for high-value collections or personal vehicles.
CollectionSuites is a four-building, fully gated complex designed around privacy and security. Ownership includes access to the VIP Concierge Network and the new private clubhouse planned as part of the CollectionSuites 2.0 expansion, with related owner-only amenities such as catering, event access, vehicle detailing, gas delivery, and dedicated transfer services. The property is located in Doral, with reported drive times to Miami International Airport (about 10 minutes) and Downtown Miami (about 20 minutes), and is described as minutes from Coral Gables, Brickell, and Miami Beach.
This suite is well suited for buyers seeking an end-unit private flex space that can function as a showroom while also supporting vehicle-focused storage or display needs, given the high ceilings and mezzanine configuration. The combination of gated access and app-controlled systems may appeal to owners who want a controlled, secured environment for high-value collections or personal vehicles.
Key Highlights
- 2,449 SF end‑unit private flex suite at CollectionSuites in the Indianapolis Building
- Built in 2018 with soaring 24‑foot ceilings and a mezzanine level
- Interior includes a kitchen wet bar, full bathroom, and closet space
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
$53,868
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
3.17%
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%
$1,077,360
$1.1M
Cap Rate 7%
$769,543
$769.5K
Cap Rate 9%
$598,533
$598.5K
Market Conditions
NOI Build-Up for 2,449 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
$88.2K $36.00/SF
− Vacancy
−$5.3K −$2.16/SF
EGI
$82.9K $33.84/SF
− OpEx
−$29.0K −$11.84/SF
NOI
$53.9K $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 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%
$1,077,360
Cap Rate 7%
$769,543
Cap Rate 9%
$598,533
Alternative Uses
Best Use
Flex RnD
$769.5K
$673.4K – $897.8K
NOI $53,868 @ 7.0% cap · market cap 3.17%
Second Best
Retail
$566.5K
$495.7K – $661.0K
NOI $39,658 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,974 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,552
Businesses Nearby
Under-served
Demand for This Use
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
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - End-unit flex suite with 24-foot ceilings, mezzanine level, and smart-controlled security within a fully gated complex.
Where is this flex space located?
The property is located at 6030 NW 102nd Ave #205 Unit 205 Doral, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 2,449 SF end‑unit private flex suite at CollectionSuites in the Indianapolis Building; Built in 2018 with soaring 24‑foot ceilings and a mezzanine level; Interior includes a kitchen wet bar, full bathroom, and closet space
