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    12601 NW 115Th Ave Medley, FL 33178

    View on Map
    Sponsored
    For Lease
    $18 SF/Yr

    Industrial - Medley, FL

    Type:Industrial
    Property size:
    6,000 SF
    Days on Market:
    1
    Last Refresh:
    Mar 30 at 11:06 pm

    Property Features for 12601 NW 115Th Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Industrial
    Standard status
    Active
    Zoning
    0000
    APN
    22-20-30-026-0130
    Size
    6,000 SF

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2007
    Number of units
    1
    Flooring type
    Tile, Tile - Ceramic
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Chabeli Castillo

    Beachfront Realty, Inc

    Listing agent Chabeli Castillo License #3334121

    Listing date Mar 30, 2026

    MLS# A11988146 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Medley Warehouse with Climate Control

    This 6,000 square foot warehouse in Medley, Florida, offers a turnkey industrial opportunity. The space is fully air-conditioned, making it suitable for businesses requiring climate control, such as labs, medical facilities, tech companies, light manufacturing, or specialty storage. The property is located near Okeechobee Road and Florida’s Turnpike, providing connectivity to Miami International Airport, PortMiami, and major distribution routes in South Florida. The warehouse features an efficient layout with approximately 24-foot clear height and ample racking capacity. Racking, forklift, and select equipment are available for purchase. The space includes a mix of warehouse, office, and showroom areas, with a front reception and kitchenette. The property offers parking and truck accessibility within a maintained industrial park. It is located in an established industrial submarket of Miami-Dade County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Ontime Moving System, Arctic Exprees//Continental Freightways / Harvest House Perishables, Iron Mountain, Preferred Freezer Services, RAVA Group Container Services

    Location Insight

    • Map
    • Local Demand
    City
    Medley
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3985
    Latitude
    25.8372

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    FAQs

    What type of property is this?
    Warehouse - Turnkey 6,000 SF warehouse with 100% air conditioned space.
    Where is this warehouse located?
    The property is located at 12601 NW 115Th Ave Medley, FL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - 100% Air Conditioned ±6,000 SF Warehouse: Ideal for climate-controlled operations.; - Strategic Location: Minutes from Okeechobee Rd & Florida’s Turnpike.; - Move-In Ready/Turnkey: Functional mix of warehouse, office, and showroom areas.
    (305) 405-0615
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    12601 NW 115Th Ave Medley, FL 33178
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    Medley, FL 33178
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    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
    12601 NW 115Th Ave Medley, FL 33178
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    We can help!
    Listing Contact
    Chabeli Castillo
    Real Estate License ID: 3334121
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