Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7501 NW 72nd Ave Medley, FL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.62-acre parcel with warehouse in Medley, Florida.

    Type:LAND
    Lot size:
    2.62 Acres
    Added:
    Oct 31, 2024
    Days on Market:
    520
    Last Refresh:
    Apr 1 at 9:13 pm

    Property Features for 7501 NW 72nd Ave

    General Information

    Standard status
    Active
    Lot size
    2.62 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Michael Holmquist
    Michael Holmquist

    Listing agent Michael Holmquist

    Listing office NAI Miami - Corporate

    Listing date Oct 31, 2024

    Source Moodyscre

    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 NAI Miami - Corporate

    Overview

    Medley Land Parcel with Warehouse

    This property features a 2.62-acre parcel improved with an 8,824-square-foot street-level warehouse. Situated in the industrial hub of Medley, Florida, the site offers frontage on Milam Dairy Road (SR 969). It provides access to the Palmetto Expressway (SR 826), Hialeah Expressway (SR 934), and Okeechobee Road (US 27), presenting an opportunity for a user to construct their own facility.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Medley
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3567
    Latitude
    25.8319

    Nearby Similar for Sale

    • $1,200,000

      Turn-Key Food Manufacturing Facility

      Equipped food manufacturing facility for sauces, syrups, and liquid foods.
      NW 68TH STREET, Medley, FL 33166
      View Details
    • $500,000

      Medley Warehouse For Sale

      Warehouse suitable for logistics, distribution, manufacturing, or e-commerce storage.
      8349 NW 64th St, Medley, FL 33166
      View Details
    • $3,500,000

      Turnkey Warehouse in Prime Location

      5,138 SF warehouse with commercial kitchen in Medley, Florida.
      8000 NW 68th St, Medley, FL 33166
      View Details
    • $250,000

      Medley Business Opportunity For Sale

      Expanding business opportunity with licenses, vehicles, and equipment in Medley.
      7441 NW 72nd Ave, Medley, FL 33166
      View Details
    • $1,750,000

      Medley Industrial Unit For Sale

      Tenant-occupied industrial unit with office space and warehouse area.
      12605 NW 115th Ave, Medley, FL 33178
      View Details
    • $140,000

      Coffee Shop Business Opportunity

      Coffee shop for sale in Medley, Florida.
      8401 NW South River Dr, Medley, FL 33166
      View Details
    • $220,000

      Turnkey Event Company For Sale

      Fully licensed, operational event company with revenue in high-demand area.
      6901 NW 82nd Ave, Medley, FL 33166
      View Details
    • $750,000

      Medley Industrial Land For Sale

      Vacant industrial land with M-1 zoning and Okeechobee Rd exposure.
      NW South River Dr, Medley, FL 33178
      View Details
    • $3,300,000
      10,944 SF

      Medley Industrial Building For Sale

      Free-standing industrial building in Medley, offering flexibility and future potential.
      7165 Nw 77th Ter, Medley, FL
      View Details
    • $2,300,000
      5,015 SF

      Freestanding Warehouse in Medley, Florida

      Freestanding warehouse with heavy power, ideal for manufacturing or distribution.
      8125 NW 93rd St, Medley, FL
      View Details
    • $30,000,000

      Sunshine Plaza Industrial Property

      Prime industrial property in Medley, Florida, nearly 5 acres.
      12200 NW S River Dr, Medley, FL
      View Details
    • $1,548,000
      5,650 SF

      Medley Warehouse with Showroom/Office

      Versatile warehouse space with showroom and office near Miami Airport.
      7328 NW 79th Ter # 7328, Medley, FL 33166
      View Details

    FAQs

    What type of property is this?
    Land - 2.62-acre parcel with warehouse in Medley, Florida.
    Where is this land located?
    The property is located at 7501 NW 72nd Ave Medley, FL.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: 2.62‑acre parcel with **8,824‑SF street level warehouse**; **Excellent frontage on Milam Dairy Rd (SR 969)**; Great access to Palmetto Expressway (SR 826), Hialeah Expressway (SR 934), and Okeechobee Road (US 27)
    (305) 299-9614 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Holmquist
    Michael Holmquist
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!