Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10831 29Th St Doral, FL 33172

    • Warehouses
    • 1,570 SF
    For Sale
    View listing
    $690,000
    Last Sale
    Jan 14, 2025
    $660,000
    Value Estimations
    Cap Rate Potential
    4.7%
    Warehouses
    Location Intelligence
    Property ID
    US18-4043936
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 10831 29Th St

    Year built
    1997
    Property size
    1,570 SF
    Zone code
    7700:INDUSTRIAL,RESTRICT
    Property type
    Warehouses
    APN
    35-3030-033-0220
    APU
    3530300330220

    Description

    This exceptional 1,570-square-foot mixed-use property in Doral, Florida, presents a unique opportunity for businesses seeking a blend of office and warehouse space. Located at 10831 NW 29th St Unit 10831, this 0.04-acre lot boasts a climate-controlled environment with central AC throughout. The property features three generously sized offices, perfect for individual workspaces or team collaboration. Two full bathrooms provide ample convenience for employees and clients. A fully equipped kitchen and dedicated eating area offer a comfortable space for breaks and informal meetings. The highlight is the drive-in warehouse, providing substantial storage capacity and operational space, ideal for inventory management or equipment storage. Its strategic location offers unparalleled accessibility, with easy access to major expressways including the Palmetto Expressway, Dolphin Expressway, and the Turnpike. Furthermore, its proximity to Miami International Airport ensures seamless connectivity for businesses requiring frequent travel. This property is priced at $690,000 and represents an excellent investment opportunity in a thriving Doral location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $545,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $425,000
      6.5%
      $395,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $644,000
      Market price range: $344k - $645k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $490,000
      Current use
      RETAIL STORES
      $900,000
      Change: +85% Conversion: Moderate
      MEDICAL BUILDING
      $690,000
      Change: +41% Conversion: Difficult
      OFFICE BUILDING
      $640,000
      Change: +31% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $445,000
      Change: -9% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Doral
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.372
    Latitude
    25.8008
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,807
    $0.00
    $0.00
    $392,500
    -
    $0.00
    $0.00
    $392,500

    Comparable in this City

    • Value Estimation by Request

      1845 112Th Ave

      Distribution properties
      1845 112Th Ave, Miami, FL 33172
      View Details
    • Value Estimation
      $1,070,000
      28,800 SF

      8900 12th St

      WAREHOUSE, STORAGE • 28,800 SF
      8900 12th St, Doral, FL 33172-3032
      View Details
    • Value Estimation
      $600,000
      13,372 SF

      1463 97th Ave

      WAREHOUSE, STORAGE • 13,372 SF
      1463 97th Ave, Doral, FL 33172-2819
      View Details
    • Value Estimation
      $1,125,000
      25,548 SF

      1357 88th Ave

      WAREHOUSE, STORAGE • 25,548 SF
      1357 88th Ave, Doral, FL 33172-3019
      View Details
    • Value Estimation
      $1,225,000
      31,536 SF

      2610 89th Ct

      WAREHOUSE, STORAGE • 31,536 SF
      2610 89th Ct, Doral, FL 33172-1615
      View Details
    • Value Estimation
      $780,000
      38,410 SF

      2200 92nd Ave

      WAREHOUSE, STORAGE • 38,410 SF
      2200 92nd Ave, Doral, FL 33172-4813
      View Details

    Similar Nearby for Sale

    • $685,000
      1,570 SF

      Doral Warehouse: Prime Location

      1,570 SF Warehouse, $685,000
      10811 29Th St, Doral, FL 33172
      View Details
    • $2,500,000
      5,550 SF

      Doral Warehouse: Prime Location

      5,550 SF Warehouse, Luxury Offices
      2200 102 Ave, Doral, FL 33172
      View Details
    • Contact for pricing

      Doral Mixed-Use Commercial/Office Space

      Two-story warehouse with flexible commercial/office space in Doral.
      2441 A And B, Doral, FL 33172
      View Details
    • Contact for pricing

      Doral Warehouse with Office Space

      25,540 SF warehouse with 3,100 SF office space.
      10855 NW 27Th St, Doral, FL 33172
      View Details
    • $1,200,000
      2,886 SF

      Doral Warehouse: Prime Location

      2,886 SF Warehouse, Ideal for 1031 Exchange
      1693 97 Ave, Doral, FL 33172
      View Details
    • Contact for pricing

      Doral Luxury Office & Warehouse

      Two-story office and warehouse space in Doral, approximately 7,599 SF.
      10840 NW 27Th St, Doral, FL 33172
      View Details

    Similar Nearby for Lease

    • $0.01 SF/Yr
      39,906 SF

      Doral Warehouse: 39,906 SF

      Prime Doral warehouse, single tenant, immediate occupancy.
      2279 102Nd Pl, Doral, FL 33172
      View Details
    • $18 SF/Yr
      42,437 SF

      Doral Warehouse Space Available

      42,437 SF warehouse space for lease in Doral.
      9950 NW 17Th St, Doral, FL 33172
      View Details
    • $16,950 /Mo

      Doral Freestanding Office Warehouse

      Free-standing office warehouse in Doral's Finger Lakes area for lease.
      1740 NW 93Rd Ave, Miami, FL 33172
      View Details
    • $34 SF/Yr
      2,250 SF

      Doral Flex Space: Prime Location

      2,250 SF Flex Warehouse, High Ceilings
      10200 25Th St, Doral, FL 33172
      View Details
    • $41 SF/Yr
      2,758 SF

      Doral Warehouse: Prime Location

      2,758 sq ft Single-Tenant Warehouse
      3105 107 Ave, Doral, FL 33172
      View Details
    • $25 SF/Yr
      2,700 SF

      Expressway Industrial Park Warehouse

      2,700 SF Warehouse, Immediate Occupancy
      1357 88 Ave, 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.
    10831 29Th St
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.