Property profile

8485 NW 29Th St Doral, FL 33122

FOR LEASE
Warehouses
Property ID
US18-2474934
7,200 SF Built 1994
Entity Owned 15-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Doral industrial property offers 72,000 square feet of versatile flex space, currently under market value. Situated on 3.72 acres at 8485 NW 29th St, Doral, FL 33122, this Class B building boasts a prime location with excellent access to major transportation arteries. Built in 1994 and renovated in 2021, the property features a two-story structure with a 20-foot ceiling height, ideal for various manufacturing, warehouse, and distribution needs. The building includes 24 loading docks, 12 dock-high doors, and 12 drive-ins, ensuring efficient operations. Ample parking is provided with 144 spaces. The property is zoned IU-2 and offers a minimum divisible space of 7,200 square feet, with a maximum contiguous space of 72,000 square feet. Currently, 7,200 square feet is vacant and available. The building has one suite and features 3-phase power. The property's frontage is on NW 29th Street, with NW 107th Ave as a collection street and 29th St as a cross street. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in the thriving Doral submarket at a below-market price. The building includes 1,400 square feet of office space across two floors, plus an additional 600 square feet of air-conditioned warehouse space. The building's floor area ratio (FAR) is 0.44.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1994
Total area 7,200 SF
Zoning code 7300:INDUSTRIAL,HVY MFG
APN 35-3027-045-0110
UPID US18-2474934

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Freight Service Logistics Company
  • Bike Sharing Station
  • Corporate Office Business Park

Location

8485 NW 29Th St Doral, FL 33122
Doral metro Census 9010 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.43M

Owner & transaction history

since 2011
1 recorded transaction
2011
$712,000

Zoning & alternative use

7300:INDUSTRIAL,HVY MFG · Doral, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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