Medley Warehouse with
For Sale
Contact for pricing
7328 NW 79th Ter # 7328, Medley, FL 33166
Versatile warehouse space with showroom and office near Miami Airport.
Property Size5,650 SF
Price / SF$273.98
Days on Market454
Property Features for 7328 NW 79th Ter # 7328
General Information
Standard status
Active
Size
5,650 SF
Property subtype
Retail, Industrial, Mixed Use
Lease Type
NNN
Building Details
Year Built
1980
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Colfax International Realty
(305) 677-9833
Listed By:
madeline cowley · License #3312964
Source:
Crexi
Added: May 28, 2025
Changed: Aug 8
Last Checked: Aug 23 at 9:06PM
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 Colfax International Realty
Investment Insights
Based on property information with market context.
This warehouse in Medley offers a versatile space suitable for businesses needing proximity to Miami Airport, providing a strategic location for logistics and commercial operations. The property includes a 3,384 sq. ft. showroom and office area, suitable for exhibitions, sales, and administrative operations. Additionally, there is a 2,266 sq. ft. warehouse area for efficient and flexible storage. The property includes a shared parking area with 8 spaces.
Key Highlights
- Strategic location near Miami Airport, ideal for logistics and commercial operations.
- Versatile space combining showroom, office (3,384 sq. ft.), and warehouse (2,266 sq. ft.) areas.
- Perfect infrastructure for business growth.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$97,463
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,949,260
$1.9M
Cap Rate 7%
$1,392,329
$1.4M
Cap Rate 9%
$1,082,922
$1.1M
Market Conditions
NOI Build-Up for 5,650 SF
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.
Gross rent
$169.5K $30.00/SF
− Vacancy
−$13.6K −$2.40/SF
EGI
$155.9K $27.60/SF
− OpEx
−$58.5K −$10.35/SF
NOI
$97.5K $17.25/SF
Area
Miami-Dade County, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,949,260
Cap Rate 7%
$1,392,329
Cap Rate 9%
$1,082,922
Alternative Uses
Best Use
Mixed Use
$1.39M
$1.22M – $1.62M
NOI $97,463 @ 7.0% cap · market cap 6.30%
Second Best
Retail
$1.36M
$1.19M – $1.59M
NOI $95,537 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$2.87M
$2.51M – $3.34M
NOI $200,654 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,037
Businesses Nearby
Explore this area
Business Placement
Demographics for 33166, FL
26,106
Population
10,838
Households
2.4
Avg Household Size
41
Median Age
42%
College-Educated
83%
High-School Grad
7.9 sq mi
ZIP Area
3,305
Density / Sq Mi
$78,166
Median Household Income
$39,744
Median Earnings
$1,766
Median Rent
$489,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile warehouse space with showroom and office near Miami Airport.
Where is this mixed-use property located?
The property is located at 7328 NW 79th Ter # 7328 Medley, FL.
What is the asking price?
The asking price for this property is $1,548,000.
What are key features of this property?
This property features: Strategic location near Miami Airport, ideal for logistics and commercial operations.; Versatile space combining showroom, office (3,384 sq. ft.), and warehouse (2,266 sq. ft.) areas.; Perfect infrastructure for business growth.
