Industrial Warehouse with
For Sale
$975,000
11381 NW 122nd St 10, Medley, FL 33178
Industrial warehouse with 19-foot ceilings, a street-level loading door, and combined office space including mezzanine office.
Property Size2,700 SF
Price / SF$361.11
Days on Market14
Property Features for 11381 NW 122nd St 10
General Information
Standard status
Active
Size
2,700 SF
Building Details
Year Built
2007
Listing Agency:
Industrial Advisors
(305) 975-3209
Listed By:
Tommy Gil · License #A12061885
Source:
Mymiahomes
Added: Jul 20
Changed: Jul 21
Last Checked: Aug 2 at 9:35AM
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 Industrial Advisors
Investment Insights
Based on property information with market context.
This ±2,705 SF industrial warehouse is configured with approximately ±600 SF of office space and an additional ±400 SF mezzanine office. The facility features 19' ceiling height, one street-level loading door, fully fire sprinklered protection, and 3-phase power rated at 208 V / 250 Amps. Assigned parking spaces are included with the unit.
Located at 11381 NW 122 Street in Medley, the property offers access to major thoroughfares including Okeechobee Road (US 27), Gratigny Parkway, Palmetto Expressway (826), I-75, and Florida’s Turnpike.
The layout supports a practical combination of warehouse and office functions within a condo industrial setting.
Located at 11381 NW 122 Street in Medley, the property offers access to major thoroughfares including Okeechobee Road (US 27), Gratigny Parkway, Palmetto Expressway (826), I-75, and Florida’s Turnpike.
The layout supports a practical combination of warehouse and office functions within a condo industrial setting.
Key Highlights
- ±2,705 SF industrial warehouse with ±600 SF office and ±400 SF mezzanine office
- 19' ceiling height with 1 street‑level loading door
- 3‑phase power: 208 V / 250 amps
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 | $97.2k | $36.00 |
| − Vacancy | −$5.8k | −$2.16 |
| EGI | $91.4k | $33.84 |
| − OpEx | −$32.0k | −$11.84 |
| NOI | $59.4k | $22.00 |
2,700 SF · lease $36.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$848.4K
$742.4K – $989.8K
NOI $59,389 @ 7.0% cap · market cap 6.09%
Second Best
Office B
$838.7K
$733.9K – $978.5K
NOI $58,709 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,888 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Industrial warehouse with 19-foot ceilings, a street-level loading door, and combined office space including mezzanine office.
Where is this flex space located?
The property is located at 11381 NW 122nd St 10 Medley, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: ±2,705 SF industrial warehouse with ±600 SF office and ±400 SF mezzanine office; 19' ceiling height with 1 street‑level loading door; 3‑phase power: 208 V / 250 amps
