Air-Conditioned Warehouse Condo with
For Sale
$3,300,000
7855 NW 46th St 3, Doral, FL 33166
Fully air-conditioned warehouse condo with a separate showroom and mezzanine space.
Property Size8,124 SF
Price / SF$406.20
Days on Market54
Property Features for 7855 NW 46th St 3
General Information
Standard status
Active
Size
8,124 SF
Building Details
Year Built
2001
Listing Agency:
APEX Capital Realty LLC
(305) 570-2600
Listed By:
Miguel Pinto · License #3313310
Source:
Mymiahomes
Added: Jul 10
Changed: Aug 24
Last Checked: Aug 30 at 8:53PM
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 APEX Capital Realty LLC
Investment Insights
Based on property information with market context.
This air-conditioned industrial warehouse condo includes 3,620 SF of warehouse space, along with 2,282 SF of showroom space and a 2,282 SF mezzanine. The unit is presented as a fully air-conditioned warehouse facility with dedicated built-out showroom area.
Located in Palmetto West Park in Doral, the property is positioned within a dedicated industrial corridor.
The layout combines functional warehouse space with showroom and mezzanine components, offering a versatile configuration for industrial and presentation-oriented uses.
Located in Palmetto West Park in Doral, the property is positioned within a dedicated industrial corridor.
The layout combines functional warehouse space with showroom and mezzanine components, offering a versatile configuration for industrial and presentation-oriented uses.
Key Highlights
- Fully air‑conditioned industrial warehouse condo built in 2001
- Building SF: 8,184 SF total A/C warehouse space
- 3,620 SF A/C warehouse area
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
$106,498
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
3.23%
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%
$2,129,960
$2.1M
Cap Rate 7%
$1,521,400
$1.5M
Cap Rate 9%
$1,183,311
$1.2M
Market Conditions
NOI Build-Up for 8,124 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
$132.6K $16.32/SF
− Vacancy
−$7.3K −$0.90/SF
EGI
$125.3K $15.42/SF
− OpEx
−$18.8K −$2.31/SF
NOI
$106.5K $13.11/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$16.32 /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%
$2,129,960
Cap Rate 7%
$1,521,400
Cap Rate 9%
$1,183,311
Alternative Uses
Best Use
Warehouse
$1.52M
$1.33M – $1.77M
NOI $106,498 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.12M
$3.61M – $4.81M
NOI $288,515 @ 7.0% cap · market cap 8.74%
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?
Warehouse - Fully air-conditioned warehouse condo with a separate showroom and mezzanine space.
Where is this warehouse located?
The property is located at 7855 NW 46th St 3 Doral, FL.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Fully air‑conditioned industrial warehouse condo built in 2001; Building SF: 8,184 SF total A/C warehouse space; 3,620 SF A/C warehouse area
