Industrial Warehouse with Office
For Sale
$975,000
11379 Nw 122nd St 11, Medley, FL 33178
A warehouse condo combines dedicated office space, a mezzanine office, and 3-phase electrical service.
Property Size2,700 SF
Price / SF$361.11
Days on Market13
Property Features for 11379 Nw 122nd St 11
General Information
Standard status
Active
Size
2,700 SF
Zoning
7100
Site & Location
Neighborhood
Pennsuco
Highway Access
Yes
Warehouse & Industrial
Office Build-Out
600 SF
Mezzanine
400 SF
Drive-In Doors
1
Power
250 amps
Voltage
208 V
Three-Phase Power
Yes
Sprinkler System
Yes
Additional Details
Property Use
Warehouse
Amenities
Assigned Parking Spaces
2700
Building Details
Building Size
2,700 SF
Year Built
2007
Listing Agency:
Industrial Advisors
(800) 326-2567
Listed By:
Michael Major · License #BK3263112
(954) 642-4235
Source:
Majorrealestate
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 4:12PM
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 Industrial Advisors
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Investment Insights
Based on property information with market context.
This industrial warehouse condo contains approximately 2,705 square feet, including about 600 square feet of office space and a 400-square-foot mezzanine office. The building offers 19-foot ceiling height, one street-level loading door, 3-phase power at 208 V / 250 amps, and a fire sprinkler system. Built in 2007, the property also has assigned parking spaces.
The Medley property is accessible from Okeechobee Road (US 27), Gratigny Parkway, Palmetto Expressway (826), I-75, and Florida’s Turnpike. It is located at 11379 NW 122nd St, Unit 11.
The Medley property is accessible from Okeechobee Road (US 27), Gratigny Parkway, Palmetto Expressway (826), I-75, and Florida’s Turnpike. It is located at 11379 NW 122nd St, Unit 11.
Key Highlights
- Approximately 2,705 SF warehouse condo with 600 SF of office and a 400 SF mezzanine office
- 19‑foot ceiling height and one street‑level loading door
- 3‑phase power at 208 V / 250 amps
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,711
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,220
$894.2K
Cap Rate 7%
$638,729
$638.7K
Cap Rate 9%
$496,789
$496.8K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$55.1K $20.40/SF
− Vacancy
−$2.5K −$0.92/SF
EGI
$52.6K $19.48/SF
− OpEx
−$7.9K −$2.92/SF
NOI
$44.7K $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%
$894,220
Cap Rate 7%
$638,729
Cap Rate 9%
$496,789
Alternative Uses
Best Use
Warehouse
$638.7K
$558.9K – $745.2K
NOI $44,711 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,888 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - A warehouse condo combines dedicated office space, a mezzanine office, and 3-phase electrical service.
Where is this warehouse located?
The property is located at 11379 Nw 122nd St 11 Medley, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Approximately 2,705 SF warehouse condo with 600 SF of office and a 400 SF mezzanine office; 19‑foot ceiling height and one street‑level loading door; 3‑phase power at 208 V / 250 amps
