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 Market158
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
Source:
Crexi
Added: Mar 7
Changed: Aug 8
Last Checked: Aug 10 at 1:45PM
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
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 = 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
$34,597
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
4.49%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office condominium units in Downtown Doral available for sale.
Where is this office units 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.
