Remodeled Industrial Flex
For Sale
$650,000
D106-10421 Nw 28th St, Doral, FL 33127
Remodeled, climate-controlled industrial/flex condominium with a mezzanine, private offices, and bay door access.
Property Size1,392 SF
Price / SF$466.95
Days on Market11
Property Features for D106-10421 Nw 28th St
General Information
Standard status
Active
Size
1,392 SF
Total Parking Spaces
3
Additional Details
Drive-In Doors
1
Amenities
fully climate-controlled interior
grassy break area
secured perimeter
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 600-1556
Listed By:
Armando Mercado
(786) 600-1556
Source:
Exprealty
Added: Jul 22
Changed: Jul 27
Last Checked: Jul 31 at 3:44PM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
Remodeled industrial/flex condominium unit D-106 at 10421 NW 28th Street in Doral, Florida, offering a functional blend of office and workspace. The interior features polished concrete floors, modern finishes, and a fully climate-controlled environment. A mezzanine adds additional usable space for storage or expanded operations.
The layout includes multiple private offices and flexible work areas, supporting light shipping and professional business uses that require both work space and administrative rooms. Operational access includes a street-level bay door, a separate personnel entrance, and a rear door providing access to a grassy break area.
Additional practical conveniences include three assigned parking spaces and a secured perimeter within the industrial/flex park. The unit is presented as a turnkey opportunity with office-ready improvements already in place.
The layout includes multiple private offices and flexible work areas, supporting light shipping and professional business uses that require both work space and administrative rooms. Operational access includes a street-level bay door, a separate personnel entrance, and a rear door providing access to a grassy break area.
Additional practical conveniences include three assigned parking spaces and a secured perimeter within the industrial/flex park. The unit is presented as a turnkey opportunity with office-ready improvements already in place.
Key Highlights
- 1,392 SF remodeled industrial/flex condominium (Unit D‑106) with polished concrete floors and modern finishes
- Fully climate‑controlled interior with a mezzanine for additional usable storage or operational space
- Functional layout includes multiple private offices plus flexible work areas for office and light business use
Financial Insights For Flex RnD
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 | $50.1k | $36.00 |
| − Vacancy | −$3.0k | −$2.16 |
| EGI | $47.1k | $33.84 |
| − OpEx | −$16.5k | −$11.84 |
| NOI | $30.6k | $22.00 |
1,392 SF · lease $36.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$437.4K
$382.7K – $510.3K
NOI $30,618 @ 7.0% cap · market cap 4.71%
Second Best
Warehouse
$260.7K
$228.1K – $304.1K
NOI $18,248 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$706.2K
$617.9K – $823.9K
NOI $49,435 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
7,259
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Dadaillecatering — 428 NW 22nd St, Miami, FL 33127
- Catering Brand — 1951 NW 7th Ave #600, Miami, FL 33136
Frequently Asked Questions
What type of property is this?
Flex space - Remodeled, climate-controlled industrial/flex condominium with a mezzanine, private offices, and bay door access.
Where is this flex space located?
The property is located at D106-10421 Nw 28th St Doral, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,392 SF remodeled industrial/flex condominium (Unit D‑106) with polished concrete floors and modern finishes; Fully climate‑controlled interior with a mezzanine for additional usable storage or operational space; Functional layout includes multiple private offices plus flexible work areas for office and light business use
