Doral Ground Level Office
For Sale
$389,000
7791 NW 46th St 104, Doral, FL 33166
Office suite in Palmetto West Park lll, Doral, Florida.
Property Size965 SF
Days on Market184
Property Features for 7791 NW 46th St 104
General Information
Standard status
Active
Size
965 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,758
Building Details
Building Size
965 SF
Year Built
2001
Stories
4
Listing Agency:
Cornerstone Intl. Realty, LLC
Listed By:
Camilo Franco · License #3238665
(305) 720-3485
Source:
Elliman
Added: Apr 24
Changed: Sep 18
Last Checked: Oct 23 at 10:13AM
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 Cornerstone Intl. Realty, LLC
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Investment Insights
Based on property information with market context.
This ground-level office suite is located in Palmetto West Park lll. The suite features two private offices and an additional room suitable for use as a conference room, record room, or private workstation. An open floor component allows for flexible tenant design. The suite has been freshly painted and includes new vinyl flooring. The office building offers a grand entrance lobby, a common conference room area, a restaurant cafe, and ample parking. The location has a bike score of 42, indicating it is somewhat bikeable, a walk score of 57, indicating it is somewhat walkable, and a transit score of 40, indicating some transit options are available.
Key Highlights
- Ground level office suite.
- Two private offices plus additional flexible space.
- Freshly painted with new vinyl flooring.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,577
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,540
$511.5K
Cap Rate 7%
$365,386
$365.4K
Cap Rate 9%
$284,189
$284.2K
Market Conditions
NOI Build-Up for 965 SF
Gross rent
$44.0K $45.60/SF
− Vacancy
−$9.9K −$10.26/SF
EGI
$34.1K $35.34/SF
− OpEx
−$8.5K −$8.84/SF
NOI
$25.6K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,540
Cap Rate 7%
$365,386
Cap Rate 9%
$284,189
Alternative Uses
Best Use
Office B
$365.4K
$319.7K – $426.3K
NOI $25,577 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$489.6K
$428.4K – $571.2K
NOI $34,271 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,044
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite in Palmetto West Park lll, Doral, Florida.
Where is this office unit located?
The property is located at 7791 NW 46th St 104 Doral, FL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Ground level office suite.; Two private offices plus additional flexible space.; Freshly painted with new vinyl flooring.
