Doral Warehouse/Office Bays For
1357 NW 88th Ave Doral, FL 33172
1357 NW 88th Ave, Doral, FL, 33172
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For Sale
Contact for pricing
Ten warehouse/office bays with flexible lease terms in Doral.
Property Size25,545 SF
Price / SF$332.75
Days on Market746
Property Features for 1357 NW 88th Ave
General Information
- Standard status
- Active
- Size
- 25,545 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1973
Listing Agency
The Katsikos Group, Inc.
(305) 717-1880
Listed by
Martha Rodriguez · License #0678410
Source
Crexi
Added: Jul 3, 2024 Checked: Jul 17 at 5:37 am
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 The Katsikos Group, Inc.
Investment Insights
Based on property information with market context.
This commercial property features ten office/warehouse bays, including six bays of approximately 2,700 square feet and four bays of approximately 2,400 square feet. Each bay includes a small office area and restroom. Eight units are currently leased on a month-to-month basis. The property is individually metered for water and electric, and tenants are responsible for their own garbage disposal. Each bay has an 18-foot clear ceiling height and one street-level front loading door. There are 31 total parking spaces available. A small outside storage yard area is located next to Unit 1359.
Key Highlights
- Ten office/warehouse bays for diverse leasing.
- Eight units currently leased month‑to‑month, offering immediate income and flexibility.
- Individually metered for water and electric, simplifying tenant billing.
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 | $416.9k | $16.32 |
| − Vacancy | −$22.9k | −$0.90 |
| EGI | $394.0k | $15.42 |
| − OpEx | −$59.1k | −$2.31 |
| NOI | $334.9k | $13.11 |
25,545 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.78M
$4.19M – $5.58M
NOI $334,870 @ 7.0% cap · market cap 3.94%
Second Best
Industrial
$3.94M
$3.45M – $4.60M
NOI $275,776 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$12.96M
$11.34M – $15.12M
NOI $907,204 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- 888 - Storage — nw 89th ct, doral, fl 33172
- Andis Moving — 9495 NW 12th St, Doral, FL 33172
- Cold 18 — 1301 NW 89th Ct, Doral, FL 33172
- Tachas Movi — 9631 Fontainebleau Blvd, Miami, FL 33172
- Extra Space Storage — 8900 NW 12th St, Miami, FL 33172
FAQs
What type of property is this?
Warehouse - Ten warehouse/office bays with flexible lease terms in Doral.
Where is this warehouse located?
The property is located at 1357 NW 88th Ave Doral, FL.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Ten office/warehouse bays for diverse leasing.; Eight units currently leased month‑to‑month, offering immediate income and flexibility.; Individually metered for water and electric, simplifying tenant billing.
