Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2216 87Th Ave Doral, FL 33172

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2216 87Th Ave Doral, FL 33172

    View on Map
    • Industrial properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 2216 87Th Ave

    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 70,249-square-foot flex space presents a unique investment opportunity in the thriving Doral market. The single-tenant building boasts a strategic location on NW 87th Ave, offering excellent visibility and accessibility. The property features 5,980 square feet currently available for lease within a larger multi-bay industrial/commercial complex. The space is adaptable to a variety of uses, with a flexible layout incorporating 25-50% office build-out, ideal for businesses requiring a blend of office and warehouse space. Ample parking is provided, with a total of nine spaces available. The building is equipped with essential features including a three-phase electrical system and a fire sprinkler system, ensuring both functionality and safety. The property also benefits from a private entrance and private offices, offering tenants enhanced privacy and control. Beyond the building itself, the location is a key advantage. Situated in the heart of Doral, it provides convenient access to Miami International Airport, Port Miami, and major highways including the Palmetto Expressway (SR 826), SR 836, SR 112, and the Florida Turnpike. Nearby amenities such as restaurants, entertainment venues, hotels, and shopping centers further enhance the property's appeal. The property's zoning is classified as 7100, and its APN is 35-30-33-031-0021. This property is an excellent choice for businesses seeking a well-equipped, conveniently located, and versatile industrial space in a dynamic and growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Doral
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3376
    Latitude
    25.7951

    Comparable in this City

    • Value Estimation by Request

      2051 112Th Ave

      Flex space
      2051 112Th Ave, Miami, FL 33172
      View Details
    • Value Estimation by Request
      1,220 SF

      2441 93Rd Ave

      Distribution properties • 1,220 SF
      2441 93Rd Ave, Doral, FL 33172
      View Details
    • Value Estimation by Request

      2061 112Th Ave

      Distribution properties
      2061 112Th Ave, Miami, FL 33172
      View Details
    • Value Estimation by Request

      2674 97Th Ave

      Flex space
      2674 97Th Ave, Doral, FL 33172
      View Details
    • Value Estimation by Request

      2224 87Th Ave

      Flex space
      2224 87Th Ave, Doral, FL 33172
      View Details
    • Value Estimation by Request
      1,220 SF

      2441 93Rd Ave

      Distribution properties • 1,220 SF
      2441 93Rd Ave, Doral, FL 33172
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,595 SF

      Remodeled Flex Space with Showroom

      Remodeled flex space with showroom, warehouse, and office areas.
      1835 NW 112Th Ave, Miami, FL 33172
      View Details
    • $325,000

      Doral Office/Warehouse Mixed-Use Condo

      Office/warehouse condo in Doral with modifications for office use.
      10857 NW 29Th St, Miami, FL 33172
      View Details
    • $645,000
      1,000 SF

      Sweetwater Industrial Office/Warehouse Opportunity

      Office and warehouse space near Dolphin Mall, leased until 2026.
      1690 NW 108Th Ave, Sweetwater, FL 33172
      View Details
    • $499,000
      1,220 SF

      Doral Flex Industrial/Office Opportunity

      Two-story flex industrial/office space in Doral, near MIA Airport.
      2441 NW 93Rd Ave, Doral, FL 33172
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Miami Industrial Spaces Available For Rent

      Industrial spaces available for rent, ranging from 1,182 to 10,350 SqFt.
      10400 NW 33Rd St, Miami, FL 33172
      View Details
    • $36 SF/Yr
      2,163 SF

      Doral Flex Space: Prime Location

      2,196 SF Office, 9 Parking Spaces
      8726 26Th St, Doral, FL 33172
      View Details
    • Contact for pricing

      Doral Corner Unit Flex Space

      Corner unit in Doral with office, showroom, and warehouse.
      8940 NW 24Th Ter, Doral, FL 33172
      View Details
    • Contact for pricing

      Industrial/Office Space Near Airport

      Industrial and office space available near Miami International Airport.
      9905 Northwest 17Th St, Miami, FL 33172
      View Details
    • Contact for pricing

      Doral Flex Space with Mezzanine

      Like new flex space with office and warehouse components.
      10800 NW 21St St, Doral, FL 33172
      View Details
    • Contact for pricing

      Doral Mixed-Use Flexible Space

      Flexible commercial space in Doral, near Miami International Airport.
      2441 NW 93Rd Rd, Doral, FL 33172
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2216 87Th Ave
    Doral, FL 33172
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!