Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medley Land for Outdoor Storage Title is generated by Realmo AI

    11500 NW 118th Way, Medley, FL 33178

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    4 acres of approved land ideal for outdoor storage.

    Type:Industrial
    Lot size:
    4.00 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    51
    Last Refresh:
    Mar 25 at 8:08 am

    Property Features for 11500 NW 118th Way

    General Information

    Standard status
    Active
    Lot size
    4.00 Acres
    Property subtype
    Industrial

    Spaces For Lease

    at 11500 NW 118th Way Contact us

    We can help!

    Listing Contact
    Audley Bosch

    Listing agent Audley Bosch License #FL

    Listing office JLL Miami | Brickell Avenue

    Listing date Mar 23, 2026

    Source Crexi

    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 JLL Miami | Brickell Avenue

    HighLights

    • 4 acres of land approved for outdoor storage
    • Ideal for container storage
    • Suitable for truck/trailer parking
    • Approved for general outdoor storage
    • Approved for commercial use
    • Large lot size

    Overview

    This property offers 4 acres of approved land suitable for various outdoor storage needs. It is ideally suited for container storage, truck and trailer parking, and general outdoor storage purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Medley
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.360058
    Latitude
    25.879164

    Nearby Similar for Lease

    • $9,000/Mo

      Medley Warehouse with Climate Control

      Turnkey 6,000 SF warehouse with 100% air conditioned space.
      12601 NW 115th Ave, Medley, FL 33178
      View Details
    • $2,900/Mo

      Versatile Industrial Space Near Airport

      Low-maintenance industrial space ideal for logistics, e-commerce, or manufacturing.
      8349 NW 64th St, Medley, FL 33166
      View Details
    • $3,100/Mo

      Remodeled Warehouse with Office Space

      996 SF warehouse with office in active industrial corridor.
      8283 NW 64th St, Medley, FL 33166
      View Details
    • $2,600/Mo

      Air-Conditioned Warehouse in Medley, FL

      Corner unit warehouse with A/C throughout, ready for immediate occupancy.
      10601 NW 122nd St, Medley, FL 33178
      View Details
    • $19 SF/Yr

      Medley Warehouse with Office Space

      6,300 SF warehouse with office space in Medley, FL.
      8202 NW 70th St, Medley, FL 33195
      View Details
    • $2,800/Mo

      Medley Mixed-Use Unit For Rent

      Mixed-use unit in Medley, FL, ready for immediate occupancy.
      8181 NW 91st Ter, Medley, FL 33166
      View Details
    • Sponsored
      Contact for pricing

      FL, Medley - 72nd Ave

      7752 72Nd Ave, Medley, FL 33166
      View Details
    • $29 SF/Yr

      Air-Conditioned Warehouse in Medley

      Corner unit warehouse with A/C throughout, ready for occupancy.
      10601 NW 122nd St # 13, Medley, FL 33178
      View Details
    • Contact for pricing

      Flagler Station Warehouse Sub-Lease

      Industrial warehouse with office space in Flagler Station business park.
      11801 NW 100th Rd # 8, Medley, FL 33178
      View Details
    • Contact for pricing

      Medley Industrial Space for Lease

      Industrial space near Miami International Airport with dock doors and ramps.
      11301 Northwest 97th Avenue, Medley, FL 33178
      View Details
    • Contact for pricing

      Medley Flex Space For Lease

      3,500 SF flex space available for lease in Medley.
      12601 NW 115th Ave # 103 #A-103, Medley, FL 33178
      View Details
    • Contact for pricing

      Premier Industrial Complex in Medley

      Functional warehouse space with excellent access to major transportation routes.
      8700 NW 100th Street, Medley, FL 33178
      View Details

    FAQs

    What type of property is this?
    Industrial land - 4 acres of approved land ideal for outdoor storage.
    Where is this industrial land located?
    The property is located at 11500 NW 118th Way Medley, FL.
    What are key features of this property?
    This property features: 4 acres of land approved for outdoor storage; Ideal for container storage; Suitable for truck/trailer parking
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Audley Bosch
    Real Estate License ID: FL
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11500 NW 118th Way, Medley, FL 33178
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!