Two-Unit
10049 NW 89th Avenue 14 & 18, Medley, FL 33178
For Sale
Contact for pricing
Two spaces are available together or separately, with one offering an office and restroom and the other providing open warehouse area.
Property Size230,474 SF
Price / SF$0.04
Days on Market8
Property Features for 10049 NW 89th Avenue 14 & 18
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Angelica M Baez Real Estate Brokerage LLC
Listed By:
Angelica Maria Baez Baez · License FL #3397577
(786) 327-9695
Source:
Lehmannflorida
Added: Nov 4
Changed: Nov 10
Last Checked: Nov 10 at 8:57AM
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 Angelica M Baez Real Estate Brokerage LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two warehouse units of approximately 2,790 square feet each are available for sublease through August 2027. The combined area is approximately 5,580 square feet. One unit has office space and a restroom; the other is open warehouse space without either feature. The spaces may be taken together or separately, subject to applicable approvals.
Key Highlights
- Two warehouse units of approximately 2,790 SF each; 5,580 SF combined
- Sublease term runs through August 2027
- One unit includes office space and a restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,816,580
Suggested Prices Based on Cap Rates
Cap Rate 5%
$76,331,600
$76.3M
Cap Rate 7%
$54,522,571
$54.5M
Cap Rate 9%
$42,406,444
$42.4M
Market Conditions
NOI Build-Up for 230,474 SF
Gross rent
$4.70M $20.40/SF
− Vacancy
−$211.6K −$0.92/SF
EGI
$4.49M $19.48/SF
− OpEx
−$673.5K −$2.92/SF
NOI
$3.82M $16.56/SF
Area
ZIP 33178
Vacancy
4.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$76,331,600
Cap Rate 7%
$54,522,571
Cap Rate 9%
$42,406,444
Alternative Uses
Best Use
Warehouse
$54.52M
$47.71M – $63.61M
NOI $3,816,580 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$116.93M
$102.31M – $136.42M
NOI $8,185,043 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 33178, FL
65,487
Population
21,931
Households
3
Avg Household Size
37
Median Age
55%
College-Educated
86%
High-School Grad
61.1 sq mi
ZIP Area
1,072
Density / Sq Mi
$91,338
Median Household Income
$41,710
Median Earnings
$2,609
Median Rent
$499,300
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Medley, FL
Properties on Market for Warehouses in Medley
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Two spaces are available together or separately, with one offering an office and restroom and the other providing open warehouse area.
Where is this warehouse located?
The property is located at 10049 NW 89th Avenue 14 & 18 Medley, FL.
What are key features of this property?
This property features: Two warehouse units of approximately 2,790 SF each; 5,580 SF combined; Sublease term runs through August 2027; One unit includes office space and a restroom
