Tenant-Occupied Industrial
New
For Sale
$1,800,000
12605 NW 115th Ave, Medley, FL 33178
Commercial Sale, Medley, FL
Property Size4,875 SF
Lot Size0.11 Acres
Price / SF$369.23
Days on Market3
Property Features for 12605 NW 115th Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
7
Security features
Security
Directions
Located in Medley, Business Park Environment, with immediate access to FL Turnpike & S,R 27, Easy access to Dolphin Expressway (SR-826) Close Proximity to Broward County Line
Subdivision
20
Standard status
Active
APN
22-20-30-026-0190
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
FIRST INDUSTRIAL COMMERCE CENTER CONDO UNIT B-105 UNDIV 3.94% INT IN COMMON ELEMENTS OFF REC 26149-2851
Legal Description
FIRST INDUSTRIAL COMMERCE CENTER CONDO UNIT B-105 UNDIV 3.94% INT IN COMMON ELEMENTS OFF REC 26149-2851
Utilities
Cooling system
Central Air
Water source
Public
Building Details
Year built
2007
Floors in Building
2
Flooring type
Concrete
Building materials
CBS (Concrete Block Structure), Block
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Patricia Munoz · License #3187196
(786) 547-5197
Added: Oct 12
Changed: Oct 14
Last Checked: Oct 14 at 6:06AM
MLS# A12105567
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.
Investment Insights
Based on property information with market context.
This 4,875-square-foot industrial unit in Medley is occupied under a lease through February 2028. Its interior comprises 3,412 square feet of warehouse area, 488 square feet of ground-floor offices, and 975 square feet of mezzanine offices, including an executive office and a break and conference room. The building dates to 2007 and has CBS construction, concrete flooring, central air, and M-1 zoning.
A 20-foot clear ceiling and a 9-by-10-foot street-level loading door serve the warehouse. The property also has seven assigned spaces at the front, a secured truck court, and access to a shared scissor lift for dock-high shipments. Hurricane-impact glass and Type IV sprinkler protection are additional building features. A 4% rent increase is scheduled for March 2027.
A 20-foot clear ceiling and a 9-by-10-foot street-level loading door serve the warehouse. The property also has seven assigned spaces at the front, a secured truck court, and access to a shared scissor lift for dock-high shipments. Hurricane-impact glass and Type IV sprinkler protection are additional building features. A 4% rent increase is scheduled for March 2027.
Key Highlights
- 4,875 SF industrial unit with a lease in place through February 2028
- 3,412 SF of warehouse space, 488 SF of ground‑floor offices, and 975 SF of mezzanine offices
- 20' clear height and a 9' x 10' street‑level loading door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,729
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,614,580
$1.6M
Cap Rate 7%
$1,153,271
$1.2M
Cap Rate 9%
$896,989
$897.0K
Market Conditions
NOI Build-Up for 4,875 SF
Gross rent
$99.5K $20.40/SF
− Vacancy
−$4.5K −$0.92/SF
EGI
$95.0K $19.48/SF
− OpEx
−$14.2K −$2.92/SF
NOI
$80.7K $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 Rate 5%
$1,614,580
Cap Rate 7%
$1,153,271
Cap Rate 9%
$896,989
Alternative Uses
Best Use
Warehouse
$1.15M
$1.01M – $1.35M
NOI $80,729 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.47M
$2.16M – $2.89M
NOI $173,131 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Sprinkler system
Yes
Fenced yard
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - The current lease extends through February 2028, with a 4% rent increase scheduled for March 2027.
Where is this warehouse located?
The property is located at 12605 NW 115th Ave Medley, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 4,875 SF industrial unit with a lease in place through February 2028; 3,412 SF of warehouse space, 488 SF of ground‑floor offices, and 975 SF of mezzanine offices; 20' clear height and a 9' x 10' street‑level loading door
