Building Details

Building Size 4,800 SF

Year Built 2001

Stories 2

Listing Agency: Show Phone

Listed By: Maria Nazur

Source: Lacostahomesrealty

Added: Oct 21 Changed: Oct 31 Last Checked: Oct 31 at 2:44AM

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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 Maria Nazur

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Investment Insights

Based on property information with market context.

This industrial property was built in 2001 and combines warehouse space with office areas and a first-floor showroom. Building features include a 21-foot clear height, two dock-height roll-up doors measuring 10 feet wide by 14 feet high, and a ramp. Two bathrooms serve the property, and 11 assigned parking spaces are provided.

The Doral property offers access to the Palmetto Expressway (SR-826), SR-836, and Miami International Airport. It is tenant-occupied, with showings available by appointment.

Key Highlights

• 21‑foot clear height
• Two dock‑height roll‑up doors, each 10 feet wide by 14 feet high, plus a ramp
• 11 assigned parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$105,581

Cap Rate

4.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,111,620 $2.1M

Cap Rate 7%

$1,508,300 $1.5M

Cap Rate 9%

$1,173,122 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,800 SF

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 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 (±1% cap)

NOI $105,581 @ 7.0% cap · market cap 4.07%

Second Best

Warehouse

$898.9K

$786.5K – $1.05M (±1% cap)

NOI $62,923 @ 7.0% cap · market cap 2.42%

Theoretical Best

Office A

$2.44M

$2.13M – $2.84M (±1% cap)

NOI $170,467 @ 7.0% cap · market cap 6.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Tanning Salon (Bike/Boat/Book/etc) Store Veterinary Clinic Locksmith Nursing Home Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

• Cargo Zone Doral — 3399 NW 72nd Ave STE 110, Miami, FL 33122
• Sunshine Bouquet — 3360 NW 67th Ave, Miami, FL 33122
• Miamilocker — 8200 NW 41st St, Doral, FL 33166
• Land and Sea Equipment Corporation — 8249 NW 36th St, Doral, FL 33166
• Extra Space Storage — 3951 NW 77th Ave, Doral, FL 33166, United States

Frequently Asked Questions

What type of property is this?

Warehouse - The tenant-occupied property includes office and showroom areas, with showings arranged by appointment.

Where is this warehouse 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 $2,595,000.

What are key features of this property?

This property features: 21‑foot clear height; Two dock‑height roll‑up doors, each 10 feet wide by 14 feet high, plus a ramp; 11 assigned parking spaces