End-Unit Flex
For Sale
$1,899,000
8009 NW 29th Street 8009, Doral, FL 33122
End-unit flex property with dock access, office space, restrooms, and assigned parking.
Property Size5,000 SF
Price / SF$379.80
Days on Market104
Property Features for 8009 NW 29th Street 8009
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
6
Property subtype
Industrial
Warehouse & Industrial
Clear Height
19 ft
Dock-High Doors
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$26,425
Building Details
Building Size
5,000 SF
Year Built
1990
Listing Agency:
Liberty Commercial Realty Inc
(786) 423-0525
Listed By:
Chabeli Castillo · License #3334121
(786) 423-0525
Source:
Silverleafrealtygroup
Added: May 20
Changed: Aug 30
Last Checked: Aug 30 at 10:11PM
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 approximately 5,000-square-foot end-unit flex property combines warehouse and office functionality. The warehouse provides 19-foot clear height, two recessed dock positions, and a motorized roll-up door measuring 14 feet high by 22 feet wide. Interior improvements include a reception area, two restrooms, and an upgraded second-floor office with floor-to-ceiling windows. A metal ramp adds loading functionality, while the layout accommodates six assigned parking spaces and up to 10 vehicles.
The property is located at 8009 NW 29th Street in Doral, just off NW 82nd Avenue and less than 2 miles from Miami International Airport. Access to major highways is available, and the end-unit position supports convenient maneuvering. The roof was completed in 2022, and the building has passed its 30-year recertification.
The property is located at 8009 NW 29th Street in Doral, just off NW 82nd Avenue and less than 2 miles from Miami International Airport. Access to major highways is available, and the end-unit position supports convenient maneuvering. The roof was completed in 2022, and the building has passed its 30-year recertification.
Key Highlights
- Approximately 5,000 SF end‑unit flex property in Doral
- 19' clear height with two recessed dock loading positions
- 14'H x 22'W motorized roll‑up door
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
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 - End-unit flex property with dock access, office space, restrooms, and assigned parking.
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: Approximately 5,000 SF end‑unit flex property in Doral; 19' clear height with two recessed dock loading positions; 14'H x 22'W motorized roll‑up door
