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    Medley Industrial Warehouse Space Title is generated by Realmo AI

    7441 NW 78th Street, Miami, FL 33166

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    Functional industrial warehouse space perfect for distribution or manufacturing.

    Type:IND
    Property size:
    10,350 SF
    Added:
    Jan 2, 2025
    Days on Market:
    513
    Last Refresh:
    Apr 3 at 4:54 am

    Property Features for 7441 NW 78th Street

    General Information

    Standard status
    Active
    Size
    10,350 SF
    Property subtype
    IND

    We can help!

    Listing Contact
    Alexander Bernaldo
    Alexander Bernaldo

    Listing agent Alexander Bernaldo License #BK6263255, Florida

    Listing office Americas Commercial Real Estate

    Listing date Jan 2, 2025

    Source Realnex

    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 Americas Commercial Real Estate

    HighLights

    • Excellent access to major highways and ports.
    • Functional industrial warehouse space suitable for distribution or manufacturing.
    • Six dock‑high loading doors and one ramp loading door.
    • +/- 10,350 Sq. Ft. Total Size with +/- 680 Sq. Ft. of air‑conditioned office space.
    • 18’ Clear Ceiling Height.
    • Fully fire sprinklered building with 200‑Amp, 3‑Phase, 120/240V power.

    Overview

    Medley Palmetto Industrial Park consists of 10 concrete dock high buildings, suitable for distribution or manufacturing. The property offers functional industrial warehouse space within the Medley industrial market. The available space totals approximately 10,350 square feet, including approximately 680 square feet of office space and approximately 9,670 square feet of warehouse area. The warehouse features six dock-high loading doors and one ramp loading door. The building has an 18-foot clear ceiling height and is fully fire sprinklered. Electrical service is provided with 200-Amp, 3-Phase, 120/240V. The property is situated on a major highway, the Palmetto Expressway, offering convenient access to major thoroughfares, frontage, and exposure. Located just south of NW South River Drive between NW 74th Avenue and Palmetto Expressway, the location provides access to the Palmetto Expressway and Florida Turnpike via Okeechobee Road, which in turn provides access to every highway and port in the county. Miami International Airport and PortMiami are accessible within minutes from Dolphin Expressway, with Broward County and Port Everglades accessible from I-75 and I-95. The location is outside the Wellfield Protected Area. Opex or CAM is $3.34.
    Location Intelligence

    Current Use by Public Records

    Florida Granite General Contractor Crislia Kitchen Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Building Supply Hair Salon Auto Repair Shop Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Mancav Movers - Miami — 6989 NW 82nd Ave, Miami, FL 33166
    • CubeSmart Self Storage — 7401 NW 68th St, Miami, FL 33166, United States
    • Keb Import Export — 6993 NW 82nd Ave # 23, Miami, FL 33166
    • Box In Miami Mailbox — 8350 NW 68th St, Miami, FL 33166
    • Pacific sky Import & Exports corp — 8217 NW 66th St, Miami, FL 33166

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.319506
    Latitude
    25.844869

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    FAQs

    What type of property is this?
    Warehouse - Functional industrial warehouse space perfect for distribution or manufacturing.
    Where is this warehouse located?
    The property is located at 7441 NW 78th Street Miami, FL.
    What are key features of this property?
    This property features: Excellent access to major highways and ports.; Functional industrial warehouse space suitable for distribution or manufacturing.; Six dock‑high loading doors and one ramp loading door.
    (786) 277-4416
    We can help!
    Listing Contact
    Alexander Bernaldo
    Alexander Bernaldo
    Real Estate License ID: BK6263255, Florida
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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