Doral End-Cap Flex
For Sale
Contact for pricing
Pending
8119 NW 33rd St # 8119, Doral, FL 33122
End-cap flex unit with office and warehouse space for sale.
Property Size3,381 SF
Days on Market161
Property Features for 8119 NW 33rd St # 8119
General Information
Standard status
Pending
Size
3,381 SF
Property subtype
Industrial, Multifamily
Building Details
Year Built
1972
Listing Agency:
Miami Commercial RE, LLC
(786) 273-1380
Listed By:
Lissette Gonzalez · License #3088731
Source:
Crexi
Added: Mar 24
Changed: Jul 6
Last Checked: Aug 30 at 6:52PM
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 RE, LLC
Investment Insights
Based on property information with market context.
This exceptional end-cap unit features a welcoming reception area connected to a conference room, six private offices, and a large open office floor plan. The layout also includes an employee lounge, a supplies room, and a warehouse area equipped with one powered roll-up door. There are two restrooms, one of which includes a private shower. The office to warehouse ratio is approximately 68% to 32%. The property includes seven assigned parking spaces, with an additional space available at the rear roll-up door. The unit benefits from direct frontage onto the shared guest parking lot serving the center. A newly installed 240/120V, 200-Amp, 3-Phase electric service provides robust capacity. Two independent A/C systems provide full coverage and built-in redundancy. Impact-rated windows and a storefront entry door enhance the property. The insulated, hurricane-rated powered roll-up loading door provides warehouse access. The 10-year structural recertification was completed in 2022. The property is located in Doral, Florida and has a total size of 3381 square feet.
Key Highlights
- End‑cap unit with high visibility and direct frontage onto the shared guest parking lot.
- Functional layout featuring a reception area, conference room, 6 private offices, large open office, employee lounge, supplies room, and warehouse.
- New 200‑Amp, 3‑Phase electric service provides robust power capacity.
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
$74,368
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
5.83%
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%
$1,487,360
$1.5M
Cap Rate 7%
$1,062,400
$1.1M
Cap Rate 9%
$826,311
$826.3K
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
$121.7K $36.00/SF
− Vacancy
−$7.3K −$2.16/SF
EGI
$114.4K $33.84/SF
− OpEx
−$40.0K −$11.84/SF
NOI
$74.4K $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%
$1,487,360
Cap Rate 7%
$1,062,400
Cap Rate 9%
$826,311
Alternative Uses
Best Use
Flex RnD
$1.06M
$929.6K – $1.24M
NOI $74,368 @ 7.0% cap · market cap 5.83%
Second Best
Industrial
$521.4K
$456.3K – $608.3K
NOI $36,500 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,073 @ 7.0% cap · market cap 9.42%
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 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 - End-cap flex unit with office and warehouse space for sale.
Where is this flex space located?
The property is located at 8119 NW 33rd St # 8119 Doral, FL.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: End‑cap unit with high visibility and direct frontage onto the shared guest parking lot.; Functional layout featuring a reception area, conference room, 6 private offices, large open office, employee lounge, supplies room, and warehouse.; New 200‑Amp, 3‑Phase electric service provides robust power capacity.
