Doral Warehouse Opportunity For
For Sale
$650,000
7215 NW 41st Street B & C, Miami, FL 33166
1,784 SF warehouse in Doral, ideal for investors/owner-users.
Property Size1,784 SF
Price / SF$364.35
Days on Market164
Property Features for 7215 NW 41st Street B & C
General Information
Standard status
Active
Size
1,784 SF
Property subtype
Industrial
Building Details
Building Size
1,784 SF
Year Built
1980
Listing Agency:
The Keyes Company
Listed By:
Jimmy Alor · License #3406032
(305) 766-7958
Source:
Silverleafrealtygroup
Added: Apr 7
Changed: Sep 6
Last Checked: Sep 15 at 10:20AM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This property offers a warehouse opportunity in Doral, featuring two combined units totaling 1,784 square feet within a gated and well-maintained complex. The warehouse includes high ceilings and a street-level roll-up door. The layout incorporates two offices and a bathroom. Assigned parking spaces are located directly in front of the units. The location provides access to the Palmetto and Dolphin Expressways, facilitating access to Miami International Airport, Downtown Miami, and major business hubs. The property is currently leased, presenting an opportunity for investors seeking immediate income or for future owner-users aiming to secure space in a high-demand area. The location has a bike score of 41, indicating it is somewhat bikeable, and a walk score of 43, suggesting car dependence.
Key Highlights
- Prime Doral location with quick access to Palmetto & Dolphin Expressways, Miami International Airport, and Downtown Miami.
- 1,784 SF warehouse space suitable for investors or owner‑users.
- Currently leased, providing immediate income potential.
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
$29,103
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
4.48%
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%
$582,060
$582.1K
Cap Rate 7%
$415,757
$415.8K
Cap Rate 9%
$323,367
$323.4K
Market Conditions
NOI Build-Up for 1,784 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
$36.0K $20.16/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$34.2K $19.19/SF
− OpEx
−$5.1K −$2.88/SF
NOI
$29.1K $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 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%
$582,060
Cap Rate 7%
$415,757
Cap Rate 9%
$323,367
Alternative Uses
Best Use
Warehouse
$415.8K
$363.8K – $485.1K
NOI $29,103 @ 7.0% cap · market cap 4.48%
Second Best
Industrial
$342.4K
$299.6K – $399.5K
NOI $23,967 @ 7.0% cap · market cap 3.69%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,295 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,446
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Miami, FL
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Frequently Asked Questions
What type of property is this?
Warehouse - 1,784 SF warehouse in Doral, ideal for investors/owner-users.
Where is this warehouse located?
The property is located at 7215 NW 41st Street B & C Miami, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime Doral location with quick access to Palmetto & Dolphin Expressways, Miami International Airport, and Downtown Miami.; 1,784 SF warehouse space suitable for investors or owner‑users.; Currently leased, providing immediate income potential.
