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    10120-10250 S Riv Dr Medley, FL

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    For Lease
    Contact for pricing

    Industrial park space with highway access and loading docks.

    Property size:
    7,200 SF
    Lot size:
    3.41 Acres

    Property Features for 10120-10250 S Riv Dr

    General Information

    Size
    7,200 SF
    Lot size
    3.41 Acres

    We can help!

    Listing Contact
    Michael Silva
    Michael Silva
    Source: Moodyscre

    Listing Agency: Americas Commercial Real Estate Listing Agent: Michael Silva

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medley Industrial Park Space Available

    Located along Okeechobee Road, this industrial park offers access to major highways, visibility, and frontage. Situated on NW South River Drive, between NW 89th Avenue and NW 87th Avenue, the park is near the Florida Turnpike and the Palmetto Expressway via Okeechobee Road. Miami International Airport and Port Miami are accessible through the Dolphin Expressway, while Broward County and Port Everglades are accessible via I-75 and I-95. The property features a total size of approximately 4,800 square feet, including approximately 350 square feet of office space and approximately 4,450 square feet of warehouse space. It includes one dock-high loading door and one ramp loading door. The building features a 20-foot clear ceiling height, full fire sprinkler system, and twin-T roof construction. The property is located outside the wellfield protected area and offers frontage and signage opportunities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    Johnson Storage & Moving Co, Kasman Corporation Warehouse, J and D Parking Storage, A+ Storage, Value Store It Self Storage

    Map

    City
    Medley
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.35665
    Latitude
    25.83195

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    FAQs

    What type of property is this?
    Warehouse - Industrial park space with highway access and loading docks.
    Where is this warehouse located?
    The property is located at 10120-10250 S Riv Dr Medley, FL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Prime Location: Situated on Okeechobee Road, a major thoroughfare, offering excellent visibility and frontage.; - Superior Accessibility: Minutes from Florida Turnpike and Palmetto Expressway, connecting to all highways and ports.; - Proximity to Key Transportation Hubs: Quick access to Miami International Airport and Port Miami via Dolphin Expressway.
    (305) 883-1921 Call to check price and availability
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    10120-10250 S Riv Dr Medley, FL
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    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
    10120-10250 S Riv Dr Medley, FL
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Silva
    Michael Silva
    (305) 883-1921 (786) 399-6283 (786) 337-7881
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