Medley Freestanding Industrial
For Sale
Contact for pricing
7275 NW 77th St, Medley, FL
Freestanding building with mechanical use approval and storage lot.
Property Size10,030 SF
Lot Size0.78 Acres
Price / SF$179.46
Days on Market1357
Property Features for 7275 NW 77th St
General Information
Standard status
Active
Size
10,030 SF
Lot size
0.78 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Cornerstone International Realty
(305) 428-2708
Listed By:
Eric Velazco
(305) 926-0869
Source:
Moodyscre
Added: Jan 31, 2023
Changed: Oct 8
Last Checked: Oct 19 at 9:28AM
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 Cornerstone International Realty
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 freestanding building in Medley, Florida, offers a total property size of 10,030 square feet. The property features a large paved storage lot and remodeled offices. It is a three-unit building, with two units currently rented. The property has mechanical use approval from the town of Medley and holds a mechanical license, making it suitable for mechanical-related businesses. This property presents a user or investor opportunity.
Key Highlights
- Free standing building
- Mechanical use approved by town of medley
- Mechanical license
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,484
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,629,680
$2.6M
Cap Rate 7%
$1,878,343
$1.9M
Cap Rate 9%
$1,460,933
$1.5M
Market Conditions
NOI Build-Up for 10,030 SF
Gross rent
$163.7K $16.32/SF
− Vacancy
−$9.0K −$0.90/SF
EGI
$154.7K $15.42/SF
− OpEx
−$23.2K −$2.31/SF
NOI
$131.5K $13.11/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,629,680
Cap Rate 7%
$1,878,343
Cap Rate 9%
$1,460,933
Alternative Uses
Best Use
Flex RnD
$3.15M
$2.76M – $3.68M
NOI $220,620 @ 7.0% cap · market cap 12.26%
Second Best
Warehouse
$1.88M
$1.64M – $2.19M
NOI $131,484 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$5.09M
$4.45M – $5.94M
NOI $356,205 @ 7.0% cap · market cap 19.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
989
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- A+ Storage — 9901 NW 58th St, Doral, FL 33178
- Kasman Corporation Warehouse — 5900 NW 102nd Ave, Doral, FL 33178
- Value Store It Self Storage — 5900 NW 102nd Ave, Doral, FL 33178, United States
- J and D Parking Storage — 6100 NW 97th Ave, Doral, FL 33178
- Johnson Storage & Moving Co — 6451 NW 102nd Ave Suite 2, Doral, FL 33178
Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding building with mechanical use approval and storage lot.
Where is this warehouse located?
The property is located at 7275 NW 77th St 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: Free standing building; Mechanical use approved by town of medley; Mechanical license
