Corner Warehouse with Dock
For Sale
$1,919,000
8009 29th Street, Doral, FL 33122
End-unit warehouse with upgraded office space, loading capability, assigned parking, and access to major highways.
Property Size5,000 SF
Price / SF$383.80
Days on Market205
Property Features for 8009 29th Street
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
6
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
19 ft
Dock-High Doors
2
Taxes and HOA fees
Annual Taxes
$26,425
Amenities
Central Air
3
7300
Parking. Corner Lot.
6 Parking Spaces. Assigned Parking Space.
Loading Dock, Overhead Doors. Corner, City Road.
Building Details
Year Built
1990
Stories
2
Listing Agency:
Liberty Commercial Realty Inc
Listed By:
Chabeli Castillo · License #3334121
(786) 423-0525
Source:
Xome
Added: Feb 17
Changed: Sep 9
Last Checked: Sep 10 at 6:18AM
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 Liberty Commercial Realty Inc
Investment Insights
Based on property information with market context.
This 5,000-square-foot end-unit warehouse combines functional industrial space with finished office improvements. The property provides 19-foot clear height, two recessed dock positions, an overhead roll-up door, a reception area, and a second-floor office with floor-to-ceiling windows. Office flooring has been upgraded, and the layout includes two restrooms and a metal ramp.
The corner configuration supports vehicle maneuverability and visibility from the city road. Six assigned parking spaces are included, with capacity for up to 10 vehicles. The property is located just off NW 82nd Avenue in Doral, less than 2 miles from Miami International Airport, with access to major highways.
The roof was completed in 2022, and the building has passed its 30-year recertification. Central air is also provided.
The corner configuration supports vehicle maneuverability and visibility from the city road. Six assigned parking spaces are included, with capacity for up to 10 vehicles. The property is located just off NW 82nd Avenue in Doral, less than 2 miles from Miami International Airport, with access to major highways.
The roof was completed in 2022, and the building has passed its 30-year recertification. Central air is also provided.
Key Highlights
- 5,000 SF corner warehouse unit with 19’ clear height
- Two recessed dock loading positions and an overhead roll‑up door
- Second‑floor office with floor‑to‑ceiling windows and upgraded flooring
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
$109,980
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
5.73%
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%
$2,199,600
$2.2M
Cap Rate 7%
$1,571,143
$1.6M
Cap Rate 9%
$1,222,000
$1.2M
Market Conditions
NOI Build-Up for 5,000 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
$180.0K $36.00/SF
− Vacancy
−$10.8K −$2.16/SF
EGI
$169.2K $33.84/SF
− OpEx
−$59.2K −$11.84/SF
NOI
$110.0K $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 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%
$2,199,600
Cap Rate 7%
$1,571,143
Cap Rate 9%
$1,222,000
Alternative Uses
Best Use
Flex RnD
$1.57M
$1.37M – $1.83M
NOI $109,980 @ 7.0% cap · market cap 5.73%
Second Best
Warehouse
$936.4K
$819.3K – $1.09M
NOI $65,545 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,570 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
19 ft
Clear height
2
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,667
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33122, FL
2,126
Population
901
Households
2.4
Avg Household Size
35
Median Age
62%
College-Educated
85%
High-School Grad
2.4 sq mi
ZIP Area
886
Density / Sq Mi
$83,152
Median Household Income
$50,984
Median Earnings
$2,437
Median Rent
$1,284,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CTS Global Supply Chain Solutions CCW — 2153 NW 86th Ave, Doral, FL 33126
- Merco International Warehouse — 2145 NW 79th Ave, Doral, FL 33122
- Armellini On-Site Storage Miami — 2811 NW 74th Ave, Miami, FL 33122, United States
- SUNSHINE BOUQUET NF STORAGE — Doral, FL 33122
- 1 Relocation Worldwide — 8336 NW 30th Terrace, Miami, FL 33122
Frequently Asked Questions
What type of property is this?
Warehouse - End-unit warehouse with upgraded office space, loading capability, assigned parking, and access to major highways.
Where is this warehouse located?
The property is located at 8009 29th Street Doral, FL.
What is the asking price?
The asking price for this property is $1,919,000.
What are key features of this property?
This property features: 5,000 SF corner warehouse unit with 19’ clear height; Two recessed dock loading positions and an overhead roll‑up door; Second‑floor office with floor‑to‑ceiling windows and upgraded flooring
