Freestanding Industrial Building For
For Sale
$6,800,000
8230 NW 56th St, Doral, FL 33166
22,400 SF industrial building on 1.01 acres for sale.
Property Size22,400 SF
Lot Size1.01 Acres
Days on Market271
Property Features for 8230 NW 56th St
General Information
Standard status
Active
Size
22,400 SF
Lot size
1.01 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$66,245
Building Details
Building Size
22,400 SF
Year Built
1973
Stories
1
Listing Agency:
APEX Capital Realty LLC
(305) 570-2600
Listed By:
Miguel Pinto · License #3313310
(305) 570-2600
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 16
Last Checked: Aug 25 at 10:03AM
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 APEX Capital Realty LLC
Investment Insights
Based on property information with market context.
The subject property is a 22,400 square foot freestanding industrial building situated on 1.01 acres. The building consists of two equal bays of 11,200 square feet each, featuring clear span layouts and a 24-foot ceiling height. Grade-level loading and ample parking are available. The property's configuration and location make it suitable for both distribution and showroom/warehouse users. The flexible floor plan and strong tenant demand in the submarket position the asset for rent growth and long-term value appreciation.
Key Highlights
- Freestanding 22,400 SF industrial building
- Situated on 1.01 acres
- Two equal bays of 11,200 SF with clear span layouts
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
$378,766
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
5.57%
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%
$7,575,320
$7.6M
Cap Rate 7%
$5,410,943
$5.4M
Cap Rate 9%
$4,208,511
$4.2M
Market Conditions
NOI Build-Up for 22,400 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
$591.4K $26.40/SF
− Vacancy
−$50.3K −$2.24/SF
EGI
$541.1K $24.16/SF
− OpEx
−$162.3K −$7.25/SF
NOI
$378.8K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
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%
$7,575,320
Cap Rate 7%
$5,410,943
Cap Rate 9%
$4,208,511
Alternative Uses
Best Use
Retail
$5.41M
$4.73M – $6.31M
NOI $378,766 @ 7.0% cap · market cap 5.57%
Second Best
Warehouse
$4.19M
$3.67M – $4.89M
NOI $293,642 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$11.36M
$9.94M – $13.26M
NOI $795,513 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,170
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33166, FL
26,106
Population
10,838
Households
2.4
Avg Household Size
41
Median Age
42%
College-Educated
83%
High-School Grad
7.9 sq mi
ZIP Area
3,305
Density / Sq Mi
$78,166
Median Household Income
$39,744
Median Earnings
$1,766
Median Rent
$489,200
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?
Warehouse - 22,400 SF industrial building on 1.01 acres for sale.
Where is this warehouse located?
The property is located at 8230 NW 56th St Doral, FL.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: Freestanding 22,400 SF industrial building; Situated on 1.01 acres; Two equal bays of 11,200 SF with clear span layouts
