Industrial Flex Building for
For Sale
Contact for pricing
11701 NW 102nd Road Unit 10, Medley, FL 33178
Sublease offering featuring approximately 9,600 SF of industrial flex space with strong visibility along Forest Lakes Blvd.
Property Size9,600 SF
Price / SF$0.00
Days on Market109
Property Features for 11701 NW 102nd Road Unit 10
General Information
Standard status
Active
Size
9,600 SF
Property subtype
Industrial
Building Details
Year Built
1991
Listing Agency:
Smith Associates, Inc
(305) 975-0880
Listed By:
Erick A. Padilla · License #3121924
(786) 222-2706
Source:
Lehmannflorida
Added: Jul 1
Changed: Oct 16
Last Checked: Oct 16 at 8:47AM
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 Smith Associates, Inc
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Investment Insights
Based on property information with market context.
Available for sublease, this industrial flex building offers approximately 9,600 SF of space. The property is described as having strong visibility and a well-regarded location along Forest Lakes Blvd.
The offering is for the building at 11701 NW 102nd Rd Unit 10 in Medley, FL 33178. Details on the interior configuration and any specific improvements are not provided in the available information, so interested parties should confirm layout, condition, and any buildout details during due diligence.
The offering is for the building at 11701 NW 102nd Rd Unit 10 in Medley, FL 33178. Details on the interior configuration and any specific improvements are not provided in the available information, so interested parties should confirm layout, condition, and any buildout details during due diligence.
Key Highlights
- Sublease available for an industrial flex building with approximately 9,600 SF in Medley
- Located along Forest Lakes Blvd. with strong visibility
- Building year built: 1991
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,185
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,763,700
$2.8M
Cap Rate 7%
$1,974,071
$2.0M
Cap Rate 9%
$1,535,389
$1.5M
Market Conditions
NOI Build-Up for 9,600 SF
Gross rent
$207.4K $21.60/SF
− Vacancy
−$10.0K −$1.04/SF
EGI
$197.4K $20.56/SF
− OpEx
−$59.2K −$6.17/SF
NOI
$138.2K $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%
$2,763,700
Cap Rate 7%
$1,974,071
Cap Rate 9%
$1,535,389
Alternative Uses
Best Use
Flex RnD
$3.02M
$2.64M – $3.52M
NOI $211,162 @ 7.0% cap · market cap 918,095.65%
Second Best
Industrial
$1.97M
$1.73M – $2.30M
NOI $138,185 @ 7.0% cap · market cap 600,804.35%
Theoretical Best
Office A
$4.87M
$4.26M – $5.68M
NOI $340,934 @ 7.0% cap · market cap 1,482,321.74%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Well-served
Demand for This Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Sabores de mi Habana — 12060 NW South River Dr, Medley, FL 33178
Frequently Asked Questions
What type of property is this?
Flex space - Sublease offering featuring approximately 9,600 SF of industrial flex space with strong visibility along Forest Lakes Blvd.
Where is this flex space located?
The property is located at 11701 NW 102nd Road Unit 10 Medley, FL.
What are key features of this property?
This property features: Sublease available for an industrial flex building with approximately 9,600 SF in Medley; Located along Forest Lakes Blvd. with strong visibility; Building year built: 1991
