Medley Industrial Property For
For Sale
Contact for pricing
8700 NW 93rd St, Medley, FL
Spacious industrial property in Medley with high traffic visibility.
Property Size64,000 SF
Lot Size1.43 Acres
Price / SF$156.25
Days on Market775
Property Features for 8700 NW 93rd St
General Information
Standard status
Active
Size
64,000 SF
Lot size
1.43 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Fausto Commercial Realty
(305) 961-1179
Listed By:
Guarionex (Bobby) Berrido · License #3444449
(786) 260-7507
Source:
Moodyscre
Added: Jul 30, 2024
Changed: Aug 12
Last Checked: Sep 12 at 3:51AM
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 Fausto Commercial Realty
Investment Insights
Based on property information with market context.
This expansive industrial property, spanning over 62,000 square feet, is located at a prominent corner in the Town of Medley. The property benefits from high visibility and traffic flow, with over 25,000 cars and 4,000 trucks passing by daily. Its location between the Florida Turnpike, Palmetto/826, and W Okeechobee Rd provides convenient access to a well-connected transportation network. The property is suitable for various commercial ventures, particularly truck parking or a gas station, offering opportunities to capitalize on the demand for industrial services in the area. The property size is 64,000 square feet.
Key Highlights
- Prime corner location in the Town of Medley with exceptional visibility.
- High traffic volume: Over 25,000 cars and 4,000 trucks pass by daily.
- Expansive industrial property spanning over 62,000 square feet.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$838,979
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$16,779,580
$16.8M
Cap Rate 7%
$11,985,414
$12.0M
Cap Rate 9%
$9,321,989
$9.3M
Market Conditions
NOI Build-Up for 64,000 SF
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.
Gross rent
$1.04M $16.32/SF
− Vacancy
−$57.4K −$0.90/SF
EGI
$987.0K $15.42/SF
− OpEx
−$148.1K −$2.31/SF
NOI
$839.0K $13.11/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$16,779,580
Cap Rate 7%
$11,985,414
Cap Rate 9%
$9,321,989
Alternative Uses
Best Use
Retail
$15.46M
$13.53M – $18.04M
NOI $1,082,189 @ 7.0% cap · market cap 10.82%
Second Best
Warehouse
$11.99M
$10.49M – $13.98M
NOI $838,979 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$32.47M
$28.41M – $37.88M
NOI $2,272,893 @ 7.0% cap · market cap 22.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
989
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- A+ Storage — 9901 NW 58th St, Doral, FL 33178
- Kasman Corporation Warehouse — 5900 NW 102nd Ave, Doral, FL 33178
- Value Store It Self Storage — 5900 NW 102nd Ave, Doral, FL 33178, United States
- J and D Parking Storage — 6100 NW 97th Ave, Doral, FL 33178
- Johnson Storage & Moving Co — 6451 NW 102nd Ave Suite 2, Doral, FL 33178
Frequently Asked Questions
What type of property is this?
Warehouse - Spacious industrial property in Medley with high traffic visibility.
Where is this warehouse located?
The property is located at 8700 NW 93rd St Medley, FL.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Prime corner location in the Town of Medley with exceptional visibility.; High traffic volume: Over 25,000 cars and 4,000 trucks pass by daily.; Expansive industrial property spanning over 62,000 square feet.
