End-Cap Flex
For Sale
$1,350,000
8119 NW 33rd Street 8119, Doral, FL 33122
Office and warehouse areas support active business operations with dedicated parking and loading access.
Property Size3,381 SF
Days on Market22
Property Features for 8119 NW 33rd Street 8119
General Information
Standard status
Active
Size
3,381 SF
Total Parking Spaces
7
Property subtype
Mixed Use
Warehouse & Industrial
Power
200 amps
Voltage
240 V
Three-Phase Power
Yes
Additional Details
Utilities to Site
Yes
Office Units
1
Amenities
conference room
employee lounge
private shower
Building Details
Building Size
3,381 SF
Year Built
1972
Listing Agency:
Miami Commercial Real Estate, LLC.
(305) 807-5220
Listed By:
Lissette Gonzalez Torres · License #3088731
(305) 807-5220
Source:
Silverleafrealtygroup
Added: Jul 24
Changed: Aug 11
Last Checked: Aug 13 at 12:01PM
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 at 8119 NW 33rd Street in Doral combines a reception area, conference room, six private offices, an open office area, employee lounge, supplies room, and warehouse space. The layout is approximately 68% office and 32% warehouse, with two restrooms, including one with a private shower. Warehouse access is provided by an insulated, hurricane-rated powered roll-up door.
The property includes seven assigned parking spaces and an additional space at the rear roll-up door. A newly installed 240/120V, 200-Amp, 3-Phase electric service provides substantial capacity, while two independent A/C systems offer separate coverage. Impact-rated windows, a storefront entry door, and structural recertification completed in 2022 are also in place. The building was constructed in 1972.
The property includes seven assigned parking spaces and an additional space at the rear roll-up door. A newly installed 240/120V, 200-Amp, 3-Phase electric service provides substantial capacity, while two independent A/C systems offer separate coverage. Impact-rated windows, a storefront entry door, and structural recertification completed in 2022 are also in place. The building was constructed in 1972.
Key Highlights
- End‑cap unit with approximately 68% office and 32% warehouse area
- Six private offices, conference room, open office area, lounge, and supplies room
- One powered roll‑up door with insulated, hurricane‑rated construction
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
Lease Details
1
Office units
Yes
Utilities to site
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 and warehouse areas support active business operations with dedicated parking and loading access.
Where is this flex space located?
The property is located at 8119 NW 33rd Street 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 unit with approximately 68% office and 32% warehouse area; Six private offices, conference room, open office area, lounge, and supplies room; One powered roll‑up door with insulated, hurricane‑rated construction
