Industrial Warehouse with Mezzanine
12605 Nw 115th Ave B-105, Medley, FL 33178
For Sale
New
$1,800,000
Tenant occupancy and an existing lease provide rental income, with potential for future owner use.
Property Size4,875 SF
Price / SF$369.23
Days on Market2
Property Features for 12605 Nw 115th Ave B-105
General Information
Standard status
Size
Total Parking Spaces
Zoning
Site & Location
Neighborhood
Fenced Yard
Warehouse & Industrial
Clear Height
Warehouse Space
Mezzanine
Drive-In Doors
Sprinkler System
Additional Details
Tenant in Place
Property Use
Amenities
Concrete
true
Public
4875
7
false
Common
Building Details
Building Size
Year Built
Stories
Listing Agency:
(954) 953-5363
Listed By:
Luis Ugarte
Source:
Onemarketrealestate
Added: Nov 6
Last Checked: Nov 6 at 2:53PM
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 Luis Ugarte
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,875-square-foot warehouse property, built in 2007, combines warehouse space with ground-floor and mezzanine offices. The 3,412-square-foot warehouse area is complemented by 488 square feet of ground-floor office space and 975 square feet of mezzanine offices, including an executive office and a break and conference room. The unit has 20-foot clear height, a 9-by-10-foot street-level loading door, hurricane-impact glass, and Type IV sprinkler protection. A shared scissor lift serves dock-high shipments, and the property includes seven assigned front parking spaces and access to a secured, gated truck court.
The property is in Medley near major highways. It is occupied under a lease that runs through February 2028, with a scheduled 4% rent increase in March 2027. The lease term also leaves open the stated potential for future owner occupancy.
The property is in Medley near major highways. It is occupied under a lease that runs through February 2028, with a scheduled 4% rent increase in March 2027. The lease term also leaves open the stated potential for future owner occupancy.
Key Highlights
- 4,875‑square‑foot warehouse property with 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.
How Realmo checks its estimates
Property Analytics
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
$499,300
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Medley, FL
Properties on Market for Warehouses in Medley
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Tenant occupancy and an existing lease provide rental income, with potential for future owner use.
Where is this warehouse located?
The property is located at 12605 Nw 115th Ave B-105 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‑square‑foot warehouse property with 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
