Industrial Warehouse with
For Sale
Contact for pricing
7770 NW 46th St # 23, Doral, FL 33166
Warehouse includes 21' clear height, multiple loading options, and office space with a showroom and restrooms.
Property Size4,800 SF
Price / SF$572.92
Days on Market171
Property Features for 7770 NW 46th St # 23
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Industrial
Building Details
Year Built
2001
Listing Agency:
United Real Estate Miami
(305) 491-3501
Listed By:
Olga Capurro · License #3198788
Source:
Crexi
Added: Mar 6
Changed: Jul 23
Last Checked: Aug 22 at 1:35PM
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 United Real Estate Miami
Investment Insights
Based on property information with market context.
This industrial warehouse property offers a total of 4,800 square feet, including approximately 4,657 square feet of warehouse area. The facility features 21' clear ceiling height and includes two loading dock-height roll-up doors (10' wide x 14' high) plus an additional ramp. Office space is located on the second floor and includes a showroom on the first floor, along with two bathrooms. Floor plans are available.
The property is in Doral’s industrial hub with easy access to Palmetto Expy (SR-826), SR-836, and Miami International Airport.
Parking is supported by 11 assigned spaces. The owner is occupied and showings are available by appointment only.
The property is in Doral’s industrial hub with easy access to Palmetto Expy (SR-826), SR-836, and Miami International Airport.
Parking is supported by 11 assigned spaces. The owner is occupied and showings are available by appointment only.
Key Highlights
- 4800 SF industrial warehouse with 4657 SF warehouse area and 21' clear ceiling height
- Loading includes two dock‑height roll‑up doors (10' W x 14' H) plus one ramp
- Flexible office space on the second floor plus showroom on the first floor
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
$105,581
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
3.84%
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%
$2,111,620
$2.1M
Cap Rate 7%
$1,508,300
$1.5M
Cap Rate 9%
$1,173,122
$1.2M
Market Conditions
NOI Build-Up for 4,800 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
$172.8K $36.00/SF
− Vacancy
−$10.4K −$2.16/SF
EGI
$162.4K $33.84/SF
− OpEx
−$56.9K −$11.84/SF
NOI
$105.6K $22.00/SF
Area
Miami-Dade County, FL
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%
$2,111,620
Cap Rate 7%
$1,508,300
Cap Rate 9%
$1,173,122
Alternative Uses
Best Use
Flex RnD
$1.51M
$1.32M – $1.76M
NOI $105,581 @ 7.0% cap · market cap 3.84%
Second Best
Warehouse
$898.9K
$786.5K – $1.05M
NOI $62,923 @ 7.0% cap · market cap 2.29%
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,467 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,044
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 South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse includes 21' clear height, multiple loading options, and office space with a showroom and restrooms.
Where is this flex space located?
The property is located at 7770 NW 46th St # 23 Doral, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 4800 SF industrial warehouse with 4657 SF warehouse area and 21' clear ceiling height; Loading includes two dock‑height roll‑up doors (10' W x 14' H) plus one ramp; Flexible office space on the second floor plus showroom on the first floor
