Flex Space with Dock
For Sale
$2,995,000
9613 Nw 33rd St Doral, Miami, FL 33172
Renovated industrial property combines warehouse functionality with adjacent professional office space.
Property Size7,160 SF
Price / SF$418.30
Days on Market54
Property Features for 9613 Nw 33rd St Doral
General Information
Standard status
Active
Size
7,160 SF
Class
Class A
Total Parking Spaces
13
Zoning
7700
Warehouse & Industrial
Clear Height
24 ft
Dock-High Doors
2
Loading
Rear Load
Sprinkler System
Yes
Amenities
2 rear loading flush dock doors
1 external concrete ramp
Building Details
Building Size
7,160 SF
Year Built
1999
Year Renovated
2024
Buildings
1
Listing Agency:
(904) 447-1321
Listed By:
Amir Shadmani
(904) 447-1321
Source:
Yourfhrm
Added: Jul 8
Changed: Aug 30
Last Checked: Aug 30 at 5:12AM
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 Amir Shadmani
Investment Insights
Based on property information with market context.
This 7,160-square-foot flex property includes industrial warehouse, distribution, and professional office areas. Built in 1999 and renovated in 2024, the building offers a refreshed interior configuration suited to combined office and operational use. Physical features include 24-foot ceilings, fire sprinklers, two rear-loading flush dock doors, and an external concrete ramp.
The property is located at 9613 NW 33rd St in Doral, Florida, within the Airport West area and next to U.S. Southern Command. Its office-and-warehouse layout, loading improvements, and distribution-oriented design support a range of commercial functions within one facility.
The property is located at 9613 NW 33rd St in Doral, Florida, within the Airport West area and next to U.S. Southern Command. Its office-and-warehouse layout, loading improvements, and distribution-oriented design support a range of commercial functions within one facility.
Key Highlights
- 7,160 SF flex industrial office/warehouse and distribution property
- Renovated in 2024; originally constructed in 1999
- Two rear‑loading flush dock doors
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
$205,403
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
6.86%
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%
$4,108,060
$4.1M
Cap Rate 7%
$2,934,329
$2.9M
Cap Rate 9%
$2,282,256
$2.3M
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
$322.2K $45.00/SF
− Vacancy
−$48.3K −$6.75/SF
EGI
$273.9K $38.25/SF
− OpEx
−$68.5K −$9.56/SF
NOI
$205.4K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
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%
$4,108,060
Cap Rate 7%
$2,934,329
Cap Rate 9%
$2,282,256
Alternative Uses
Best Use
Office B
$2.93M
$2.57M – $3.42M
NOI $205,403 @ 7.0% cap · market cap 6.86%
Second Best
Warehouse
$1.67M
$1.46M – $1.95M
NOI $116,804 @ 7.0% cap · market cap 3.90%
Theoretical Best
Specialty Retail
$4.83M
$4.23M – $5.64M
NOI $338,313 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
24 ft
Clear height
2
Dock-high doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,745
Businesses Nearby
Under-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 Office in Miami, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated industrial property combines warehouse functionality with adjacent professional office space.
Where is this flex space located?
The property is located at 9613 Nw 33rd St Doral Miami, 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 flex industrial office/warehouse and distribution property; Renovated in 2024; originally constructed in 1999; Two rear‑loading flush dock doors
