Medley Freestanding Industrial
7275 NW 77th St Medley, FL
7275 NW 77th St, Medley, FL, 00000
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For Sale
Contact for pricing
Freestanding building with mechanical use approval and storage lot.
Property Size10,030 SF
Lot Size0.78 Acres
Price / SF$179.46
Days on Market1267
Property Features for 7275 NW 77th St
General Information
- Standard status
- Active
- Size
- 10,030 SF
- Lot size
- 0.78 Acres
- Property subtype
- INDUSTRIAL
Listing agency
Cornerstone International Realty
(305) 428-2708
Listed by
Eric Velazco
Source
Moodyscre
Added: Jan 31, 2023 Updated: Jul 6 at 10:13AM Checked: Jul 21 at 6:05AM
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 Cornerstone International Realty
Investment Insights
Based on property information with market context.
This freestanding building in Medley, Florida, offers a total property size of 10,030 square feet. The property features a large paved storage lot and remodeled offices. It is a three-unit building, with two units currently rented. The property has mechanical use approval from the town of Medley and holds a mechanical license, making it suitable for mechanical-related businesses. This property presents a user or investor opportunity.
Key Highlights
- Free standing building
- Mechanical use approved by town of medley
- Mechanical license
Local Financial Insights For Warehouse
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 | $163.7k | $16.32 |
| − Vacancy | −$9.0k | −$0.90 |
| EGI | $154.7k | $15.42 |
| − OpEx | −$23.2k | −$2.31 |
| NOI | $131.5k | $13.11 |
10,030 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$3.15M
$2.76M – $3.68M
NOI $220,620 @ 7.0% cap · market cap 12.26%
Second Best
Warehouse
$1.88M
$1.64M – $2.19M
NOI $131,484 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$5.09M
$4.45M – $5.94M
NOI $356,205 @ 7.0% cap · market cap 19.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Johnson Storage & Moving Co — 6451 NW 102nd Ave Suite 2, Doral, FL 33178
- Kasman Corporation Warehouse — 5900 NW 102nd Ave, Doral, FL 33178
- J and D Parking Storage — 6100 NW 97th Ave, Doral, FL 33178
- A+ Storage — 9901 NW 58th St, Doral, FL 33178
- Value Store It Self Storage — 5900 NW 102nd Ave, Doral, FL 33178, United States
FAQs
What type of property is this?
Warehouse - Freestanding building with mechanical use approval and storage lot.
Where is this warehouse located?
The property is located at 7275 NW 77th St Medley, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Free standing building; Mechanical use approved by town of medley; Mechanical license
