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    Doral Warehouse with Office Space Title is generated by Realmo AI

    8880-8888 NW 24th Ter, Doral, FL

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    Corner warehouse unit featuring office space and indoor loading.

    Type:INDUSTRIAL
    Property size:
    11,000 SF
    Lot size:
    1.34 Acres
    Price / SF:
    $227/SF
    Added:
    Feb 1, 2023
    Days on Market:
    1227
    Last Refresh:
    May 20 at 9:28 pm

    Property Features for 8880-8888 NW 24th Ter

    General Information

    Standard status
    Active
    Size
    11,000 SF
    Lot size
    1.34 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 8880-8888 NW 24th Ter Contact us

    We can help!

    Listing Contact
    Hector Cataño

    Listing agent Hector Cataño

    Listing office Cornerstone International Realty

    Listing date Feb 1, 2023

    Source Moodyscre

    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 Cornerstone International Realty

    HighLights

    • Corner unit with great exposure on 25th St.
    • Double wide docks.
    • Indoor loading.
    • 1,200 sf of office space.
    • 22" ceiling height.

    Overview

    This corner unit warehouse in Doral, Florida, offers 11,000 square feet of space, including 1,200 square feet of office area. The property features indoor loading capabilities and double-wide docks. The warehouse has a ceiling height of 22 inches and benefits from exposure on 25th Street.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $179.5k $16.32
    − Vacancy −$9.9k −$0.90
    EGI $169.6k $15.42
    − OpEx −$25.4k −$2.31
    NOI $144.2k $13.11
    11,000 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $2.06M
    $1.80M – $2.40M (±1% cap)
    NOI $144,199 @ 7.0% cap · market cap 5.77%
    Second Best
    Industrial
    $1.70M
    $1.48M – $1.98M (±1% cap)
    NOI $118,752 @ 7.0% cap · market cap 4.75%
    Theoretical Best
    Office A
    $5.58M
    $4.88M – $6.51M (±1% cap)
    NOI $390,653 @ 7.0% cap · market cap 15.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Doral Cold Storage — 1375 NW 89th Ct, Doral, FL 33172
    • Davie Self Storage — doral, fl 33126
    • Stat Logistics — NW 14th St, Doral, FL 33122
    • A+ Mini Storage — doral, fl 33126
    • Two Marines Moving — 1460 NW 82nd Ave, Doral, FL 33126

    Location Insight

    • Map
    • Local Demand
    City
    Doral
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3419
    Latitude
    25.7959

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    FAQs

    What type of property is this?
    Warehouse - Corner warehouse unit featuring office space and indoor loading.
    Where is this warehouse located?
    The property is located at 8880-8888 NW 24th Ter Doral, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Corner unit with great exposure on 25th St.; Double wide docks.; Indoor loading.
    (305) 428-2708 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Hector Cataño
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