Medley Industrial Warehouse For
For Sale
Contact for pricing
12601 NW 115th Ave # 114 #A-114, Medley, FL 33178
Industrial warehouse in Medley, ideal for logistics and distribution.
Property Size11,418 SF
Price / SF$394.11
Days on Market110
Property Features for 12601 NW 115th Ave # 114 #A-114
General Information
Standard status
Active
Size
11,418 SF
Total Parking Spaces
14
Property subtype
Industrial
Zoning
0000
Building Details
Year Built
2007
Stories
2
Listing Agency:
Trajan Commercial Real Estate
(305) 482-1118
Listed By:
Claudia Splinter, CCIM · License #3285524
Source:
Crexi
Added: May 13
Changed: Aug 28
Last Checked: Aug 28 at 11:28PM
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 Trajan Commercial Real Estate
Investment Insights
Based on property information with market context.
An industrial warehouse is available for sale in the Medley industrial submarket. Constructed in 1997, the property encompasses approximately 11,418 square feet, featuring office space and a warehouse layout suited for logistics, distribution, storage, import/export, and industrial operations. The facility is located within a gated industrial community that provides 24-hour security. The property benefits from truck accessibility and visibility along NW 97 Avenue, which sees approximately 15,714 vehicles daily. Its location provides access to Florida’s Turnpike, SR-826, Okeechobee Road, and I-75, offering convenient access to Miami International Airport, PortMiami, and major regional transportation corridors.
Key Highlights
- Excellent location in the highly desirable Medley industrial submarket.
- Strategic access to Florida’s Turnpike, SR‑826, Okeechobee Road, and I‑75, facilitating transport to Miami International Airport and PortMiami.
- ±11,418 SF facility suitable for logistics, distribution, storage, import/export, and industrial operations.**
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
$189,079
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
4.20%
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%
$3,781,580
$3.8M
Cap Rate 7%
$2,701,129
$2.7M
Cap Rate 9%
$2,100,878
$2.1M
Market Conditions
NOI Build-Up for 11,418 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
$232.9K $20.40/SF
− Vacancy
−$10.5K −$0.92/SF
EGI
$222.4K $19.48/SF
− OpEx
−$33.4K −$2.92/SF
NOI
$189.1K $16.56/SF
Area
ZIP 33178
Vacancy
4.50%
Lease Rate
$20.40 /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%
$3,781,580
Cap Rate 7%
$2,701,129
Cap Rate 9%
$2,100,878
Alternative Uses
Best Use
Warehouse
$2.70M
$2.36M – $3.15M
NOI $189,079 @ 7.0% cap · market cap 4.20%
Second Best
Industrial
$2.35M
$2.05M – $2.74M
NOI $164,353 @ 7.0% cap · market cap 3.65%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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- Boxt Containers - Portable Storage Containers Miami — 10800 NW South River Dr, Medley, FL 33178
- Vertical Cold Storage — 11801 NW 102nd Rd, Medley, FL 33178
- CrowleyFresh, a Crowley Company — 11401 NW 100th Rd, Medley, FL 33178
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse in Medley, ideal for logistics and distribution.
Where is this warehouse located?
The property is located at 12601 NW 115th Ave # 114 #A-114 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: Excellent location in the highly desirable Medley industrial submarket.; Strategic access to Florida’s Turnpike, SR‑826, Okeechobee Road, and I‑75, facilitating transport to Miami International Airport and PortMiami.; ±11,418 SF facility suitable for logistics, distribution, storage, import/export, and industrial operations.**
