Flex Space with Office
For Sale
$549,999
7750 NW 71st Street 119a, Miami, FL 33166
Warehouse configuration includes an electric roll-up door, office area, and bathroom.
Property Size1,600 SF
Price / SF$343.75
Days on Market42
Property Features for 7750 NW 71st Street 119a
General Information
Standard status
Active
Size
1,600 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Warehouse Space
1,600 SF
Amenities
security camera system
Building Details
Year Built
1974
Building Size
1,600 SF
Listing Agency:
Florida Realty of Miami Corp
(305) 598-5488
Listed By:
Iveth L Crespo · License #3142011
Source:
Chenoregroup
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 25 at 4:17AM
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 Florida Realty of Miami Corp
Investment Insights
Based on property information with market context.
This flex space includes approximately 1,600 SF of industrial warehouse area, an electric roll-up door, modern lighting, and a security camera system. A substantial office build-out with a bathroom adds finished administrative space within the property. The building was constructed in 1974.
Located in Doral at 7750 NW 71st Street, the property sits directly off the Palmetto Expressway, also designated SR-826. The configuration supports construction, lighting, distribution, and other industrial or commercial uses identified for the space.
Located in Doral at 7750 NW 71st Street, the property sits directly off the Palmetto Expressway, also designated SR-826. The configuration supports construction, lighting, distribution, and other industrial or commercial uses identified for the space.
Key Highlights
- ±1,600 SF industrial warehouse
- Electric roll‑up door and modern lighting
- Large office build‑out with bathroom
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
$26,102
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
4.75%
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%
$522,040
$522.0K
Cap Rate 7%
$372,886
$372.9K
Cap Rate 9%
$290,022
$290.0K
Market Conditions
NOI Build-Up for 1,600 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
$32.3K $20.16/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$30.7K $19.19/SF
− OpEx
−$4.6K −$2.88/SF
NOI
$26.1K $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%
$522,040
Cap Rate 7%
$372,886
Cap Rate 9%
$290,022
Alternative Uses
Best Use
Warehouse
$372.9K
$326.3K – $435.0K
NOI $26,102 @ 7.0% cap · market cap 4.75%
Second Best
Flex RnD
$335.2K
$293.3K – $391.0K
NOI $23,462 @ 7.0% cap · market cap 4.27%
Theoretical Best
Specialty Retail
$1.08M
$945.0K – $1.26M
NOI $75,601 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,705
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 Industrial in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse configuration includes an electric roll-up door, office area, and bathroom.
Where is this flex space located?
The property is located at 7750 NW 71st Street 119a Miami, FL.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: ±1,600 SF industrial warehouse; Electric roll‑up door and modern lighting; Large office build‑out with bathroom
