Office/Warehouse with Dock
For Sale
Contact for pricing
11187 NW 122nd Street #9, Medley, FL 33178
Industrial space combines warehouse operations, office areas, rear dock loading, and access to major South Florida freight routes.
Property Size12,254 SF
Price / SF$0.00
Days on Market73
Property Features for 11187 NW 122nd Street #9
General Information
Standard status
Active
Size
12,254 SF
Property subtype
Industrial
Site & Location
Neighborhood
Pennsuco
Building Details
Year Built
2006
Listing Agency:
Kaizen Realty Partners, LLC.
(305) 500-5554
Listed By:
Dante M Aleman · License #0697870
(786) 597-0446
Source:
Lehmannflorida
Added: Aug 25
Changed: Nov 3
Last Checked: Nov 4 at 3:35PM
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 Kaizen Realty Partners, LLC.
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Investment Insights
Based on property information with market context.
This 12,254-square-foot warehouse property, built in 2006, includes office areas of approximately 800 square feet each and 24-foot ceiling height. The configuration supports warehouse and distribution functions, with 3–6 rear end dock doors and dedicated truck parking. Space is available in approximately 6,127-square-foot or 12,254-square-foot configurations.
Located in Medley at 11187 NW 122nd Street, Unit 9, the property provides access to SR-826, US-27, and Florida’s Turnpike. Miami International Airport and Port Miami are also identified as nearby transportation connections, supporting access to regional air and sea freight networks.
Located in Medley at 11187 NW 122nd Street, Unit 9, the property provides access to SR-826, US-27, and Florida’s Turnpike. Miami International Airport and Port Miami are also identified as nearby transportation connections, supporting access to regional air and sea freight networks.
Key Highlights
- 12,254 SF warehouse property built in 2006
- Available in approximately 6,127 SF or 12,254 SF configurations
- Approximately 800 SF of office area each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,387
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,527,740
$3.5M
Cap Rate 7%
$2,519,814
$2.5M
Cap Rate 9%
$1,959,856
$2.0M
Market Conditions
NOI Build-Up for 12,254 SF
Gross rent
$264.7K $21.60/SF
− Vacancy
−$12.7K −$1.04/SF
EGI
$252.0K $20.56/SF
− OpEx
−$75.6K −$6.17/SF
NOI
$176.4K $14.39/SF
Area
ZIP 33178
Vacancy
4.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,527,740
Cap Rate 7%
$2,519,814
Cap Rate 9%
$1,959,856
Alternative Uses
Best Use
Warehouse
$2.90M
$2.54M – $3.38M
NOI $202,923 @ 7.0% cap · market cap 845,512.50%
Second Best
Industrial
$2.52M
$2.20M – $2.94M
NOI $176,387 @ 7.0% cap · market cap 734,945.83%
Theoretical Best
Office A
$6.22M
$5.44M – $7.25M
NOI $435,188 @ 7.0% cap · market cap 1,813,283.33%
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
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial space combines warehouse operations, office areas, rear dock loading, and access to major South Florida freight routes.
Where is this warehouse located?
The property is located at 11187 NW 122nd Street #9 Medley, FL.
What are key features of this property?
This property features: 12,254 SF warehouse property built in 2006; Available in approximately 6,127 SF or 12,254 SF configurations; Approximately 800 SF of office area each
