End-Cap Flex
For Sale
$1,350,000
8119 Northwest 33rd Street Unit 8119, Doral, FL 33122
Office-heavy flex unit with warehouse access, dedicated parking, upgraded power, and dual air-conditioning systems.
Property Size3,381 SF
Price / SF$399.29
Days on Market238
Property Features for 8119 Northwest 33rd Street Unit 8119
General Information
Standard status
Active
Size
3,381 SF
Property subtype
Commercial Sale / Mixed Use
Amenities
1
Flex, Industrial
No
Building Details
Year Built
1972
Listing Agency:
Miami Commercial Real Estate, LLC.
(305) 807-5220
Listed By:
Lissette Gonzalez Torres · License #3088731
(305) 807-5220
Source:
Compass
Added: Jan 3
Changed: Aug 26
Last Checked: Aug 26 at 2:46PM
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 Miami Commercial Real Estate, LLC.
Investment Insights
Based on property information with market context.
This end-cap flex unit combines a substantial office buildout with dedicated warehouse functionality. The layout includes a reception area, conference room, six private offices, an open office area, employee lounge, supplies room, and two restrooms, including one with a private shower. The warehouse component is served by an insulated, hurricane-rated powered roll-up door and supported by a 240/120V, 200-Amp, 3-Phase electrical service. Two independent A/C systems provide coverage across the unit, while impact-rated windows and a storefront entry door enhance the physical improvements. The office-to-warehouse ratio is approximately 68% to 32%.
Located at 8119 NW 33rd St in Doral, the unit fronts the shared guest parking lot within the center. Seven assigned parking spaces are included, with an additional space available at the rear loading door. The 1972 property also completed its 10-year structural recertification in 2022.
Located at 8119 NW 33rd St in Doral, the unit fronts the shared guest parking lot within the center. Seven assigned parking spaces are included, with an additional space available at the rear loading door. The 1972 property also completed its 10-year structural recertification in 2022.
Key Highlights
- End‑cap flex unit with approximately 68% office and 32% warehouse space
- Six private offices, conference room, open office area, lounge, and supplies room
- Two restrooms, including one with a private shower
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
$89,613
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
6.64%
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%
$1,792,260
$1.8M
Cap Rate 7%
$1,280,186
$1.3M
Cap Rate 9%
$995,700
$995.7K
Market Conditions
NOI Build-Up for 3,381 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
$154.2K $45.60/SF
− Vacancy
−$34.7K −$10.26/SF
EGI
$119.5K $35.34/SF
− OpEx
−$29.9K −$8.84/SF
NOI
$89.6K $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%
$1,792,260
Cap Rate 7%
$1,280,186
Cap Rate 9%
$995,700
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,613 @ 7.0% cap · market cap 6.64%
Second Best
Flex RnD
$1.06M
$929.6K – $1.24M
NOI $74,368 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,073 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,062
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 - Office-heavy flex unit with warehouse access, dedicated parking, upgraded power, and dual air-conditioning systems.
Where is this flex space located?
The property is located at 8119 Northwest 33rd Street Unit 8119 Doral, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: End‑cap flex unit with approximately 68% office and 32% warehouse space; Six private offices, conference room, open office area, lounge, and supplies room; Two restrooms, including one with a private shower
