Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medley Flex Space For Sale Title is generated by Realmo AI

    12605 NW 115th Ave, Medley, FL 33178

    View on Map
    Claim this Listing
    For Sale
    $1,750,000

    4,875 SF flex space in Medley, Florida.

    Type:Industrial
    Property size:
    4,875 SF
    Price / SF:
    $358/SF
    Added:
    Oct 23, 2024
    Days on Market:
    594
    Last Refresh:
    May 13 at 8:40 pm

    Property Features for 12605 NW 115th Ave

    General Information

    Standard status
    Active
    Size
    4,875 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2007

    We can help!

    Listing Contact
    Patricia Munoz

    Listing agent Patricia Munoz

    Listing office United Realty Group Inc

    Listing date Oct 23, 2024

    Source Xome

    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 United Realty Group Inc

    HighLights

    • 4,875 total sf with warehouse and office space
    • M‑1 zoning in city of Medley allows for wholesale distribution, warehousing, storage, and offices
    • 20' clear ceiling height in warehouse
    • Fully secured, gated truck court with common area scissor‑lift
    • Hurricane impact‑resistant glass and type‑IV sprinkler protection
    • Seven (7) parking spaces

    Overview

    This 4,875 square foot flex space is available for sale. The property includes a 3,412 square foot warehouse area, a 488 square foot open office area on the ground floor, and an additional 975 square feet of office space in the mezzanine area, which features a break room, conference room, and executive office. The warehouse area has a 20-foot clear ceiling height and one 9-foot by 10-foot front loading street level door. There are seven parking spaces in front of the unit. The property is part of a Class A development that is fully secured with a gated truck court. A common area scissor-lift is available for dock-high shipments. The building features hurricane impact-resistant glass and Type-IV sprinkler protection. It is zoned M-1 by the City of Medley. The IU-1 Industrial, Light Manufacturing zoning district allows for wholesale distribution facilities, warehousing, storage facilities, and offices. The property is tenant-occupied.

    Local Financial Insights For Flex RnD

    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 $175.5k $36.00
    − Vacancy −$10.5k −$2.16
    EGI $165.0k $33.84
    − OpEx −$57.7k −$11.84
    NOI $107.2k $22.00
    4,875 SF · lease $36.00/SF/yr · vacancy 6.00% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $1.53M
    $1.34M – $1.79M (±1% cap)
    NOI $107,231 @ 7.0% cap · market cap 6.13%
    Second Best
    Office B
    $1.51M
    $1.33M – $1.77M (±1% cap)
    NOI $106,002 @ 7.0% cap · market cap 6.06%
    Theoretical Best
    Office A
    $2.47M
    $2.16M – $2.89M (±1% cap)
    NOI $173,131 @ 7.0% cap · market cap 9.89%
    Zoning and permitted uses should be independently verified with local authorities.
    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

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • LIsber Catering — W Okeechobee Rd, Hialeah, FL 33018

    Location Insight

    • Map
    • Local Demand
    City
    Medley
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3985
    Latitude
    25.8372

    Nearby Similar for Sale

    • $4,700,000
      11,418 SF

      Medley Industrial Condo with Office

      Industrial condo with office/showroom in First Industrial Commerce Center.
      12601 NW 115th Ave, Medley, FL 33178
      View Details
    • $3,500,000
      5,138 SF

      Turnkey Warehouse in Prime Location

      5,138 SF warehouse with commercial kitchen in Medley, Florida.
      8000 NW 68th St, Medley, FL 33166
      View Details
    • $1,200,000
      5,000 SF

      Turn-Key Food Manufacturing Facility

      Equipped food manufacturing facility for sauces, syrups, and liquid foods.
      NW 68TH STREET, Medley, FL 33166
      View Details
    • $1,750,000

      Medley Industrial Unit For Sale

      Tenant-occupied industrial unit with office space and warehouse area.
      12605 NW 115th Ave, Medley, FL 33178
      View Details
    • $110,000

      Medley, Florida Coffee Shop

      Coffee shop in Medley, Florida, ready to generate income.
      8401 NW South River Dr, Medley, FL 33166
      View Details
    • $250,000

      Medley Business Opportunity For Sale

      Expanding business opportunity with licenses, vehicles, and equipment in Medley.
      7441 NW 72nd Ave, Medley, FL 33166
      View Details
    • $3,300,000
      10,944 SF

      Medley Industrial Building For Sale

      Free-standing industrial building in Medley, offering flexibility and future potential.
      7165 Nw 77th Ter, Medley, FL
      View Details
    • $45,000

      Established Beauty Salon Opportunity

      Well-established salon with great visibility and ample parking.
      8511 NW South River Dr, Medley, FL 33166
      View Details
    • $25,000,000

      Mobil Truck Stop on 5 Acres

      Established Mobil-branded truck stop with high visibility and multiple income streams.
      12200 NW South River Dr, Medley, FL 33178
      View Details
    • $2,300,000
      5,015 SF

      Freestanding Warehouse in Medley, Florida

      Freestanding warehouse with heavy power, ideal for manufacturing or distribution.
      8125 NW 93rd St, Medley, FL
      View Details
    • $379,995

      Versatile Commercial Property For Sale

      Commercial property featuring warehouse and office spaces in high-demand area.
      8315 NW 64th St 2, Medley, FL 33166
      View Details
    • $4,700,000
      11,418 SF

      Medley Industrial Warehouse For Sale

      Industrial warehouse in Medley, ideal for logistics and distribution.
      12601 NW 115th Ave # 114 #A-114, Medley, FL 33178
      View Details

    FAQs

    What type of property is this?
    Flex space - 4,875 SF flex space in Medley, Florida.
    Where is this flex space located?
    The property is located at 12605 NW 115th Ave Medley, FL.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: 4,875 total sf with warehouse and office space; M‑1 zoning in city of Medley allows for wholesale distribution, warehousing, storage, and offices; 20' clear ceiling height in warehouse
    (954) 450-2000
    We can help!
    Listing Contact
    Patricia Munoz
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12605 NW 115th Ave, Medley, FL 33178
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!