Freestanding Flex
New
For Sale
$14,900,000
6955 NW 52nd Street, Miami, FL 33166
Freestanding office and warehouse property with dock access, drive-in doors, parking, and fire sprinklers.
Property Size43,091 SF
Lot Size2.04 Acres
Price / SF$167.68
Days on Market2
Property Features for 6955 NW 52nd Street
General Information
Standard status
Active
Size
43,091 SF
Total Parking Spaces
103
Lot size
2.04 Acres
Property subtype
Commercial
Occupancy
96%
Lease Term
[]
Warehouse & Industrial
Warehouse Space
25,370 SF
Office Build-Out
17,721 SF
Dock-High Doors
3
Drive-In Doors
2
Sprinkler System
Yes
Amenities
Hurricane impact windows
Building Details
Year Built
1998
Buildings
1
Building Size
43,091 SF
Listing Agency:
ComReal Miami - Doral,LLC.
(305) 710-5593
Listed By:
Edward Redlich · License #3375503
(786) 453-3170
Source:
Onesothebysrealty
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 7:46PM
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 approximately 43,091 SF on approximately 2.04 acres. Its configuration includes approximately 25,370 SF of warehouse area and 17,721 SF of office space, supported by 3 dock doors, 2 drive-in doors, fire sprinklers, hurricane impact windows, and approximately 103 parking spaces. Constructed in 1998, the building combines office and industrial functionality within a single facility.
The property is located at 6955 NW 52nd St in Miami, Florida, within the Miami Airport West submarket. It is near Miami International Airport, Doral, and Miami Springs, with restaurants, banks, hotels, shopping centers, and residential communities in the surrounding area. The building is 96% leased.
The property is located at 6955 NW 52nd St in Miami, Florida, within the Miami Airport West submarket. It is near Miami International Airport, Doral, and Miami Springs, with restaurants, banks, hotels, shopping centers, and residential communities in the surrounding area. The building is 96% leased.
Key Highlights
- Approximately 43,091 SF freestanding building on approximately 2.04 acres
- Approximately 25,370 SF warehouse and 17,721 SF office space
- 3 dock doors and 2 drive‑in doors
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
$1,303,072
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
8.75%
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%
$26,061,440
$26.1M
Cap Rate 7%
$18,615,314
$18.6M
Cap Rate 9%
$14,478,578
$14.5M
Market Conditions
NOI Build-Up for 88,862 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
$2.13M $24.00/SF
− Vacancy
−$128.0K −$1.44/SF
EGI
$2.00M $22.56/SF
− OpEx
−$701.7K −$7.90/SF
NOI
$1.30M $14.66/SF
Area
Miami, FL
Vacancy
6.00%
Lease Rate
$24.00 /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%
$26,061,440
Cap Rate 7%
$18,615,314
Cap Rate 9%
$14,478,578
Alternative Uses
Best Use
Office B
$36.42M
$31.87M – $42.49M
NOI $2,549,229 @ 7.0% cap · market cap 17.11%
Second Best
Warehouse
$20.71M
$18.12M – $24.16M
NOI $1,449,648 @ 7.0% cap · market cap 9.73%
Theoretical Best
Specialty Retail
$59.98M
$52.48M – $69.98M
NOI $4,198,769 @ 7.0% cap · market cap 28.18%
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 office and warehouse property with dock access, drive-in doors, parking, and fire sprinklers.
Where is this flex space located?
The property is located at 6955 NW 52nd Street 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: Approximately 43,091 SF freestanding building on approximately 2.04 acres; Approximately 25,370 SF warehouse and 17,721 SF office space; 3 dock doors and 2 drive‑in doors
