Building Details

Year built 1988

Architectural style Other

Listing Agency: Excellence Worldwide Realty z***@exellencereo.com Show Phone

Listed By: Eduardo Figuera · License #3122391 Show Phone

Added: Jun 30 Changed: Oct 10 Last Checked: Nov 4 at 5:06AM

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MLS# A12007664

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Investment Insights

Based on property information with market context.

This warehouse property includes temperature-controlled storage along with features suited to distribution, storage, and light industrial operations. The facility has one dock-high loading door with ramp access, an 18-foot clear ceiling, a private entrance, and private restrooms.

Cold-storage areas include an approximately 810-square-foot freezer with capacity for approximately 40 pallets and an approximately 1,080-square-foot cooler with capacity for approximately 72 pallets. Built in 1988, the property is located at 9387 NW 13th St in Doral, within the Central Doral industrial submarket. The site offers access to major highways and Miami International Airport, supporting local and international logistics.

Key Highlights

• Approximately 1,080 SF cooler with capacity for approximately 72 pallets
• Approximately 810 SF freezer with capacity for approximately 40 pallets
• 1 dock‑high loading door with ramp access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,912

Cap Rate

3.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,038,240 $1.0M

Cap Rate 7%

$741,600 $741.6K

Cap Rate 9%

$576,800 $576.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,960 SF

Gross rent

$64.6K $16.32/SF

− Vacancy

−$3.6K −$0.90/SF

EGI

$61.1K $15.42/SF

− OpEx

−$9.2K −$2.31/SF

NOI

$51.9K $13.11/SF

Area

Miami-Dade County, FL

Vacancy

5.50%

Lease Rate

$16.32 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,038,240

Cap Rate 7%

$741,600

Cap Rate 9%

$576,800

Alternative Uses

Best Use

Warehouse

$741.6K

$648.9K – $865.2K (±1% cap)

NOI $51,912 @ 7.0% cap · market cap 3.20%

Second Best

Industrial

$610.7K

$534.4K – $712.5K (±1% cap)

NOI $42,751 @ 7.0% cap · market cap 2.64%

Theoretical Best

Office A

$2.01M

$1.76M – $2.34M (±1% cap)

NOI $140,635 @ 7.0% cap · market cap 8.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Refrigerated & Cold Storage

Suggested Use

Top Pick Parking Lot & Garage Barber Shop Garden Center (Bike/Boat/Book/etc) Store Locksmith Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18 ft

Clear height

1

Dock-high doors

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

3,883

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 33172, FL

43,911

Population

16,103

Households

2.7

Avg Household Size

42

Median Age

32%

College-Educated

75%

High-School Grad

6.4 sq mi

ZIP Area

6,861

Density / Sq Mi

$61,733

Median Household Income

$35,061

Median Earnings

$1,926

Median Rent

$260,200

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Configured for distribution, storage, and light industrial use with private access and restrooms.

Where is this warehouse located?

The property is located at 9387 NW 13th St Doral, FL.

What is the asking price?

The asking price for this property is $1,620,000.

What are key features of this property?

This property features: Approximately 1,080 SF cooler with capacity for approximately 72 pallets; Approximately 810 SF freezer with capacity for approximately 40 pallets; 1 dock‑high loading door with ramp access