Warehouse with Office and Dock
For Sale
Contact for pricing
9601 Nw 33rd St, Doral, FL 33178
Renovated 7,160 SF warehouse includes 1,000 SF office, two flush dock doors, and 24' ceilings.
Property Size7,160 SF
Price / SF$418.30
Days on Market209
Property Features for 9601 Nw 33rd St
General Information
Standard status
Active
Size
7,160 SF
Property subtype
INDUSTRIAL
Listing Agency:
Kaizen Realty Partners, LLC
(305) 500-5554
Listed By:
Luciano H Rappa · License #0676743
(305) 490-4373
Source:
Moodyscre
Added: Feb 20
Changed: Sep 5
Last Checked: Sep 15 at 4:26AM
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 Kaizen Realty Partners, LLC
Investment Insights
Based on property information with market context.
This renovated warehouse totals 7,160 SF and includes 1,000 SF of office space. The facility is equipped with two flush dock doors and a concrete external ramp, and offers approximately 24' ceiling height. Built in 1999 and renovated in 2024, the property also includes 3-phase power and is zoned IC.
Located at 9601 NW 33rd St in Doral, in the Airport West area, the site’s strategic setting supports warehouse operations serving regional distribution needs. The improvements and modernized interior updates provide a functional base for day-to-day logistics and administrative space.
As configured, the asset combines dock-access warehouse space with dedicated office area, supported by the loading features and ceiling height needed for efficient throughput.
Located at 9601 NW 33rd St in Doral, in the Airport West area, the site’s strategic setting supports warehouse operations serving regional distribution needs. The improvements and modernized interior updates provide a functional base for day-to-day logistics and administrative space.
As configured, the asset combines dock-access warehouse space with dedicated office area, supported by the loading features and ceiling height needed for efficient throughput.
Key Highlights
- 7,160 SF total warehouse space with 1,000 SF office
- 24' ceiling height
- Two flush dock doors plus 1 concrete external ramp
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
$118,567
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
3.96%
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%
$2,371,340
$2.4M
Cap Rate 7%
$1,693,814
$1.7M
Cap Rate 9%
$1,317,411
$1.3M
Market Conditions
NOI Build-Up for 7,160 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
$146.1K $20.40/SF
− Vacancy
−$6.6K −$0.92/SF
EGI
$139.5K $19.48/SF
− OpEx
−$20.9K −$2.92/SF
NOI
$118.6K $16.56/SF
Area
ZIP 33178
Vacancy
4.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
15.00%
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%
$2,371,340
Cap Rate 7%
$1,693,814
Cap Rate 9%
$1,317,411
Alternative Uses
Best Use
Warehouse
$1.69M
$1.48M – $1.98M
NOI $118,567 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.63M
$3.18M – $4.24M
NOI $254,280 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,745
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33178, FL
65,487
Population
21,931
Households
3
Avg Household Size
37
Median Age
55%
College-Educated
86%
High-School Grad
61.1 sq mi
ZIP Area
1,072
Density / Sq Mi
$91,338
Median Household Income
$41,710
Median Earnings
$2,609
Median Rent
$499,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Renovated 7,160 SF warehouse includes 1,000 SF office, two flush dock doors, and 24' ceilings.
Where is this warehouse located?
The property is located at 9601 Nw 33rd St Doral, FL.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 7,160 SF total warehouse space with 1,000 SF office; 24' ceiling height; Two flush dock doors plus 1 concrete external ramp
