Corner Warehouse with Dock
For Sale
$1,899,000
8009 NW 29th Street #8009, Doral, FL 33122
Move-in ready corner warehouse with dock loading and a turnkey reception office.
Property Size5,000 SF
Price / SF$379.80
Days on Market48
Property Features for 8009 NW 29th Street #8009
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
6
Zoning
7300
Warehouse & Industrial
Clear Height
19 ft
Dock-High Doors
2
Drive-In Doors
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$26,425
Building Details
Building Size
5,000 SF
Year Built
1990
Buildings
1
Stories
2
Listing Agency:
Liberty Commercial Realty Inc
(786) 423-0525
Listed By:
Chabeli Castillo · License #A12045062
(786) 423-0525
Source:
Laerrealty
Added: Jun 30
Changed: Aug 8
Last Checked: Aug 16 at 3:42AM
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 move-in ready corner warehouse includes an integrated reception area and a second-floor office with floor-to-ceiling windows. The warehouse features 19’ clear height, two recessed dock loading positions, and a 14’H x 22’W motorized roll-up door for efficient truck and vehicle access. Interior conveniences include two restrooms, and the office space has been upgraded with new flooring. Parking is supported by six assigned spaces, with the ability to accommodate up to 10 vehicles, and a metal ramp adds functional access to the unit.
Located just off NW 82nd Avenue in the Doral area, the property is listed as being less than 2 miles from Miami International Airport. As an end unit, it is positioned for convenient maneuverability and visibility, with easy access to major highways.
With both dock positions and a roll-up door, this configuration is well suited for tenants seeking flexible warehouse operations paired with on-site administrative space. The roof was completed in 2022, and the building has passed its 30-year recertification, supporting a straightforward, turnkey occupancy plan. Offered for sale, the unit provides a practical combination of warehouse functionality, upgraded office finishes, and on-site parking for day-to-day operations.
Located just off NW 82nd Avenue in the Doral area, the property is listed as being less than 2 miles from Miami International Airport. As an end unit, it is positioned for convenient maneuverability and visibility, with easy access to major highways.
With both dock positions and a roll-up door, this configuration is well suited for tenants seeking flexible warehouse operations paired with on-site administrative space. The roof was completed in 2022, and the building has passed its 30-year recertification, supporting a straightforward, turnkey occupancy plan. Offered for sale, the unit provides a practical combination of warehouse functionality, upgraded office finishes, and on-site parking for day-to-day operations.
Key Highlights
- Move‑in ready 5,000 SF corner warehouse in a building completed in 1990
- 19’ clear height with two recessed dock loading positions and a 14’H x 22’W motorized roll‑up door
- Upgraded reception area plus an elegant second‑floor office with floor‑to‑ceiling windows
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
$132,525
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
6.98%
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%
$2,650,500
$2.7M
Cap Rate 7%
$1,893,214
$1.9M
Cap Rate 9%
$1,472,500
$1.5M
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
$228.0K $45.60/SF
− Vacancy
−$51.3K −$10.26/SF
EGI
$176.7K $35.34/SF
− OpEx
−$44.2K −$8.84/SF
NOI
$132.5K $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 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%
$2,650,500
Cap Rate 7%
$1,893,214
Cap Rate 9%
$1,472,500
Alternative Uses
Best Use
Office B
$1.89M
$1.66M – $2.21M
NOI $132,525 @ 7.0% cap · market cap 6.98%
Second Best
Flex RnD
$1.57M
$1.37M – $1.83M
NOI $109,980 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,570 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Yes
Highway 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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Move-in ready corner warehouse with dock loading and a turnkey reception office.
Where is this flex space located?
The property is located at 8009 NW 29th Street #8009 Doral, FL.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Move‑in ready 5,000 SF corner warehouse in a building completed in 1990; 19’ clear height with two recessed dock loading positions and a 14’H x 22’W motorized roll‑up door; Upgraded reception area plus an elegant second‑floor office with floor‑to‑ceiling windows
