Warehouse with Office and
For Sale
$2,050,000
Pending
8011 NW 29th St 8011, Doral, FL 33122
5,000 SF unit includes offices, conference/reception space, and a double-wide recessed dock with security gate.
Property Size5,000 SF
Days on Market148
Property Features for 8011 NW 29th St 8011
General Information
Standard status
Pending
Size
5,000 SF
Total Parking Spaces
6
Zoning
7300
Additional Details
Highway Access
Yes
Clear Height
18.6 ft
Amenities
accordion hurricane shutters
double wide recessed dock with security gate
offices
conference room
reception area
Central Air
Assigned
Building Details
Building Size
5,000 SF
Year Built
1992
Buildings
1
Stories
2
Listing Agency:
Midtown Realty International
Listed By:
Daniel Diaz · License #706741
(305) 495-8138
Source:
Evrealestate
Added: Apr 12
Changed: Sep 3
Last Checked: Aug 31 at 2:05PM
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 Midtown Realty International
Investment Insights
Based on property information with market context.
This warehouse/flex unit offers 5,000 SF of space with office accommodations including offices, a conference room, and a reception area. The unit includes one bathroom, and a second bathroom has been converted to storage space; plumbing remains intact for potential reconversion. Tenant-friendly exterior features include convenient accordion hurricane shutters.
The property provides immediate access to Dolphin Expressway 836 and Palmetto Expressway and is close to Miami International Airport. It also features double wide recessed dock space with a security gate, with ceiling height of 18.6' and a dock door of approximately 22'.
The property provides immediate access to Dolphin Expressway 836 and Palmetto Expressway and is close to Miami International Airport. It also features double wide recessed dock space with a security gate, with ceiling height of 18.6' and a dock door of approximately 22'.
Key Highlights
- 5,000 SF unit with offices plus conference and reception areas
- Double‑wide recessed dock with a security gate
- Dock door height of about 22' and ceiling height of 18.6'
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
5.36%
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 5.36%
Second Best
Warehouse
$936.4K
$819.3K – $1.09M
NOI $65,545 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,570 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - 5,000 SF unit includes offices, conference/reception space, and a double-wide recessed dock with security gate.
Where is this flex space located?
The property is located at 8011 NW 29th St 8011 Doral, FL.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: 5,000 SF unit with offices plus conference and reception areas; Double‑wide recessed dock with a security gate; Dock door height of about 22' and ceiling height of 18.6'
