Doral Office Condominium
For Sale
Contact for pricing
7950 Northwest 53rd Street, Miami, FL 33166
Office condominium units in Downtown Doral available for sale.
Property Size1,206 SF
Price / SF$639
Days on Market231
Property Features for 7950 Northwest 53rd Street
General Information
Standard status
Active
Size
1,206 SF
Total Parking Spaces
236
Property subtype
Office
Zoning
DMU-Downtown Mixed Use
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$1,035,427
Building Details
Year Built
2008
Stories
3
Units
41
Tenancy
Multi
Listing Agency:
Marcus & Millichap - The Zylberglait Group
Listed By:
Alex Zylberglait · License #FL BK3015211
(786) 522-7056
Source:
Crexi
Added: Mar 7
Changed: Oct 10
Last Checked: Oct 23 at 4:00AM
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 Marcus & Millichap - The Zylberglait Group
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Investment Insights
Based on property information with market context.
Located in the heart of Downtown Doral, the 7950 Professional Center offers a rare opportunity to acquire office condominium units within a three-story professional complex. The property comprises 41 individual office suites, ranging in size from approximately 197 to 958 square feet. These suites are professionally occupied and designed for various uses, including medical, financial, legal, tech, and back-office corporate operations. The existing tenant, Magaya Corporation, a global logistics software leader, will retain approximately 30% of the units for continued operations. The balance of the inventory is offered for sale and can be acquired individually, in tranches, or as a complete portfolio. The existing tenant currently leases the entire portfolio until November 2026 on a NNN basis. This asset is suited for both private owner-users seeking long-term office stability and investors interested in aggregating income-producing condos. Downtown Doral has experienced substantial economic activity, supported by ongoing mixed-use developments, new residential density, retail, healthcare expansions, and hospitality projects. The location is near Miami International Airport, Coral Gables, and Blue Lagoon Corporate Park.
Key Highlights
- High‑yield investment opportunity with a 9.3% cap rate, currently leased to Magaya Corporation until November 2026 on a NNN basis.
- Located in the heart of Downtown Doral, a rapidly growing mixed‑use development zone.
- Flexible acquisition options: can be purchased individually, in tranches, or as a complete portfolio.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,597
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,940
$691.9K
Cap Rate 7%
$494,243
$494.2K
Cap Rate 9%
$384,411
$384.4K
Market Conditions
NOI Build-Up for 1,206 SF
Gross rent
$54.3K $45.00/SF
− Vacancy
−$8.1K −$6.75/SF
EGI
$46.1K $38.25/SF
− OpEx
−$11.5K −$9.56/SF
NOI
$34.6K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,940
Cap Rate 7%
$494,243
Cap Rate 9%
$384,411
Alternative Uses
Best Use
Office B
$494.2K
$432.5K – $576.6K
NOI $34,597 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$814.1K
$712.3K – $949.7K
NOI $56,984 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,667
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Miami, FL
Frequently Asked Questions
What type of property is this?
Office unit - Office condominium units in Downtown Doral available for sale.
Where is this office unit located?
The property is located at 7950 Northwest 53rd Street Miami, FL.
What is the asking price?
The asking price for this property is $770,634.
What are key features of this property?
This property features: High‑yield investment opportunity with a **9.3% cap rate**, currently leased to Magaya Corporation until November 2026 on a NNN basis.; Located in the heart of Downtown Doral, a rapidly growing mixed‑use development zone.; Flexible acquisition options: can be purchased individually, in tranches, or as a complete portfolio.
