Freestanding Flex Building with
New
For Sale
$14,900,000
6955 NW 52nd St, Miami, FL 33166
Freestanding flex property combining warehouse and office improvements with dock and drive-in loading.
Property Size43,091 SF
Lot Size2.04 Acres
Price / SF$345.78
Days on Market3
Property Features for 6955 NW 52nd St
General Information
Standard status
Active
Size
43,091 SF
Total Parking Spaces
103
Lot size
2.04 Acres
Property subtype
Flex Space
Occupancy
96%
Warehouse & Industrial
Warehouse Space
25,370 SF
Office Build-Out
17,721 SF
Dock-High Doors
3
Drive-In Doors
2
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$111,436
Building Details
Building Size
43,091 SF
Year Built
1998
Buildings
1
Listing Agency:
ComReal Miami - Doral, LLC.
(305) 710-5593
Listed By:
Edward Redlich · License #3375503
Source:
Marcelosteinmander
Added: Aug 29
Changed: Aug 31
Last Checked: Aug 31 at 8:27AM
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 ComReal Miami - Doral, LLC.
Investment Insights
Based on property information with market context.
The 6955 Building is a freestanding flex property totaling +/- 43,091 SF on +/- 2.04 acres. Its configuration includes approximately 25,370 SF of warehouse area and 17,721 SF of office space, supported by three dock doors and two drive-in doors. Fire sprinklers, hurricane impact windows, and approximately 103 parking spaces are also included. Constructed in 1998, the building is 96% leased.
The property is located at 6955 NW 52nd St in Miami, near Miami International Airport, Doral, and Miami Springs. The surrounding area includes restaurants, banks, hotels, shopping centers, and residential communities, providing a broad range of nearby services and amenities.
The property is located at 6955 NW 52nd St in Miami, near Miami International Airport, Doral, and Miami Springs. The surrounding area includes restaurants, banks, hotels, shopping centers, and residential communities, providing a broad range of nearby services and amenities.
Key Highlights
- +/- 43,091 SF freestanding flex, office, and warehouse building
- +/- 2.04 acres with +/- 103 parking spaces
- +/- 25,370 SF of warehouse and +/- 17,721 SF of office 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
$1,236,173
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
8.30%
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%
$24,723,460
$24.7M
Cap Rate 7%
$17,659,614
$17.7M
Cap Rate 9%
$13,735,256
$13.7M
Market Conditions
NOI Build-Up for 43,091 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
$1.94M $45.00/SF
− Vacancy
−$290.9K −$6.75/SF
EGI
$1.65M $38.25/SF
− OpEx
−$412.1K −$9.56/SF
NOI
$1.24M $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
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%
$24,723,460
Cap Rate 7%
$17,659,614
Cap Rate 9%
$13,735,256
Alternative Uses
Best Use
Office B
$17.66M
$15.45M – $20.60M
NOI $1,236,173 @ 7.0% cap · market cap 8.30%
Second Best
Warehouse
$10.04M
$8.79M – $11.72M
NOI $702,964 @ 7.0% cap · market cap 4.72%
Theoretical Best
Specialty Retail
$29.09M
$25.45M – $33.93M
NOI $2,036,069 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Dock-high doors
2
Drive-in doors
96%
Occupancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,717
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
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding flex property combining warehouse and office improvements with dock and drive-in loading.
Where is this flex space located?
The property is located at 6955 NW 52nd St Miami, FL.
What is the asking price?
The asking price for this property is $14,900,000.
What are key features of this property?
This property features: +/- 43,091 SF freestanding flex, office, and warehouse building; +/- 2.04 acres with +/- 103 parking spaces; +/- 25,370 SF of warehouse and +/- 17,721 SF of office space
