Flex Space with Loading
12601 NW 115th Ave, Medley, FL 33178
For Sale
$4,500,000
Commercial Sale, Medley, FL
Property Size11,418 SF
Lot Size0.26 Acres
Price / SF$394.11
Days on Market136
Property Features for 12601 NW 115th Ave
General Information
Property type
Property subtype
Parking
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
HOA Fee
Legal Description
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
Trajan Commercial Real Estate
(786) 432-0551
Listed By:
Claudia Splinter · License FL #3285524
(305) 482-1118
Added: Jun 30
Changed: Nov 10
Last Checked: Nov 12 at 5:06PM
MLS# A12018638
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex condominium combines warehouse space with an office and showroom component across 11,418 square feet. The office area includes approximately 7 offices, a conference room, reception area, kitchenette, mezzanine, and 3 restrooms. Warehouse features include 20'-22' clear heights, a dock-high door, and a concrete rear ramp, with rear-loaded access to a gated truck court. Built in 2007, the property has reinforced concrete tilt-wall construction, hurricane impact-resistant glass, emergency lighting, and 3-phase power rated at 200 Amps, 120/480 Volts, and 4-wire service.
Located in Medley, the property offers immediate access to Florida's Turnpike and proximity to SR-826, Okeechobee Road, and I-75. Its M-1 Light Manufacturing Industrial/Commercial District zoning supports a range of listed activities, including warehousing, distribution, logistics, light manufacturing, and showroom or office operations.
Located in Medley, the property offers immediate access to Florida's Turnpike and proximity to SR-826, Okeechobee Road, and I-75. Its M-1 Light Manufacturing Industrial/Commercial District zoning supports a range of listed activities, including warehousing, distribution, logistics, light manufacturing, and showroom or office operations.
Key Highlights
- 11,418 square feet of flex condominium space
- Approximately 7 offices, conference room, reception area, kitchenette, mezzanine, and 3 restrooms
- Warehouse clear heights of 20'-22'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$251,150
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,023,000
$5.0M
Cap Rate 7%
$3,587,857
$3.6M
Cap Rate 9%
$2,790,556
$2.8M
Market Conditions
NOI Build-Up for 11,418 SF
Gross rent
$411.0K $36.00/SF
− Vacancy
−$24.7K −$2.16/SF
EGI
$386.4K $33.84/SF
− OpEx
−$135.2K −$11.84/SF
NOI
$251.2K $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%
$5,023,000
Cap Rate 7%
$3,587,857
Cap Rate 9%
$2,790,556
Alternative Uses
Best Use
Flex RnD
$3.59M
$3.14M – $4.19M
NOI $251,150 @ 7.0% cap · market cap 5.58%
Second Best
Warehouse
$2.70M
$2.36M – $3.15M
NOI $189,079 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$5.79M
$5.07M – $6.76M
NOI $405,498 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
22 ft
Clear height
1
Dock-high doors
1
Drive-in doors
1
Office units
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
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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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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 - Office and showroom areas complement warehouse space in an M-1 Light Manufacturing Industrial/Commercial District.
Where is this flex space located?
The property is located at 12601 NW 115th Ave Medley, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 11,418 square feet of flex condominium space; Approximately 7 offices, conference room, reception area, kitchenette, mezzanine, and 3 restrooms; Warehouse clear heights of 20'-22'
