Flex Space with
12390 NW 106th Court #12390, Medley, FL 33178
For Sale
$550,000
The industrial park building combines showroom, warehouse, and office areas.
Property Size1,267 SF
Price / SF$434.10
Days on Market154
Property Features for 12390 NW 106th Court #12390
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Mixed-Use Components
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
WESTON INTERNATIONAL REALTY
Listed By:
GERMAN OCAMPO · License #A12022600
Source:
Corcoran
Added: Jun 9
Changed: Nov 7
Last Checked: Nov 8 at 6:19AM
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 WESTON INTERNATIONAL REALTY
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Investment Insights
Based on property information with market context.
This 1,267-square-foot flex space in an industrial park includes showroom, warehouse, and office areas. The building was constructed in 2004 and is offered as a building-only sale.
Key Highlights
- 1,267‑square‑foot flex space
- Showroom, warehouse, and office areas
- Built in 2004
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,869
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,380
$557.4K
Cap Rate 7%
$398,129
$398.1K
Cap Rate 9%
$309,656
$309.7K
Market Conditions
NOI Build-Up for 1,267 SF
Gross rent
$45.6K $36.00/SF
− Vacancy
−$2.7K −$2.16/SF
EGI
$42.9K $33.84/SF
− OpEx
−$15.0K −$11.84/SF
NOI
$27.9K $22.00/SF
Area
ZIP 33178
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,380
Cap Rate 7%
$398,129
Cap Rate 9%
$309,656
Alternative Uses
Best Use
Flex RnD
$398.1K
$348.4K – $464.5K
NOI $27,869 @ 7.0% cap · market cap 5.07%
Second Best
Warehouse
$299.7K
$262.3K – $349.7K
NOI $20,981 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$642.8K
$562.5K – $749.9K
NOI $44,996 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
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
Properties on Market for Flex space in Medley
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- La Cocina de Cesar — 6141 NW 115th Pl APT 358, Doral, FL 33178
Frequently Asked Questions
What type of property is this?
Flex space - The industrial park building combines showroom, warehouse, and office areas.
Where is this flex space located?
The property is located at 12390 NW 106th Court #12390 Medley, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,267‑square‑foot flex space; Showroom, warehouse, and office areas; Built in 2004
