Industrial Warehouse Condo with
11379 NW 122nd St # 11 Medley, FL 33178
11379 NW 122nd St # 11, Medley, FL, 33178
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For Sale
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Industrial warehouse condo includes street-level loading, 3-phase power, and fully fire-sprinklered office space.
Property Size2,700 SF
Price / SF$361.11
Days on Market56
Property Features for 11379 NW 122nd St # 11
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 2007
Listing agency
Industrial Advisors Miami
(305) 975-3209
Listed by
Tommy Gil · License #FL 3041739
Source
Crexi
Added: May 27 Updated: Jul 20 at 9:15PM Checked: Jul 21 at 4:35AM
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 Miami
Investment Insights
Based on property information with market context.
This industrial warehouse condo offers a functional layout with approximately 2,705 SF of warehouse space plus office buildouts, including about 600 SF of office area and approximately 400 SF of mezzanine office. The property features a 19' ceiling height, one street-level loading door, and 3-phase power rated at 208 V / 250 Amps. The building is fully fire sprinklered, and it includes assigned parking spaces.
Located in Medley, the property at 11379 NW 122nd St # 11 provides access to major roadways including Okeechobee Road (US 27), Gratigny Parkway, Palmetto Expressway (826), I-75, and Florida’s Turnpike.
The space is structured to combine warehouse operations with dedicated office areas on both the main level and mezzanine, supporting a streamlined day-to-day workflow.
Located in Medley, the property at 11379 NW 122nd St # 11 provides access to major roadways including Okeechobee Road (US 27), Gratigny Parkway, Palmetto Expressway (826), I-75, and Florida’s Turnpike.
The space is structured to combine warehouse operations with dedicated office areas on both the main level and mezzanine, supporting a streamlined day-to-day workflow.
Key Highlights
- ±2,705 SF industrial warehouse condo built in 2007 with ±600 SF office and ±400 SF mezzanine office
- 19' ceiling height plus 1 street‑level loading door for straightforward warehouse operations
- 3‑phase power: 208 V / 250 amps
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.2k | $36.00 |
| − Vacancy | −$5.8k | −$2.16 |
| EGI | $91.4k | $33.84 |
| − OpEx | −$32.0k | −$11.84 |
| NOI | $59.4k | $22.00 |
2,700 SF · lease $36.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$848.4K
$742.4K – $989.8K
NOI $59,389 @ 7.0% cap · market cap 6.09%
Second Best
Office B
$838.7K
$733.9K – $978.5K
NOI $58,709 @ 7.0% cap · market cap 6.02%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
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- La Cocina de Cesar — 6141 NW 115th Pl APT 358, Doral, FL 33178
FAQs
What type of property is this?
Flex space - Industrial warehouse condo includes street-level loading, 3-phase power, and fully fire-sprinklered office space.
Where is this flex space 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: ±2,705 SF industrial warehouse condo built in 2007 with ±600 SF office and ±400 SF mezzanine office; 19' ceiling height plus 1 street‑level loading door for straightforward warehouse operations; 3‑phase power: 208 V / 250 amps
