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    Turnkey Warehouse in Prime Location Title is generated by Realmo AI

    8000 NW 68th St, Medley, FL 33166

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    For Sale
    $3,500,000

    Industrial - Medley, FL

    Type:Industrial
    Property size:
    5,138 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $681/SF
    Added:
    Mar 8, 2026
    Days on Market:
    66
    Last Refresh:
    May 13 at 5:06 am

    Property Features for 8000 NW 68th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Zoning
    7600
    Standard status
    Active
    APN
    22-30-15-001-0132
    Size
    5,138 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Annual Amount
    17759

    Building Details

    Year built
    1992
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Zoramir Rodriguez

    Listing agent Zoramir Rodriguez License #3298151

    Listing office Realty One Group Evolution 2822 NW 79th Ave, Doral, FL

    Listing date Mar 8, 2026

    MLS# A11961021 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey 5,138 SF warehouse in prime Medley location, ready for immediate operation.
    • Includes grease trap, commercial kitchen hood, and walk‑in cooler already installed.
    • Permanent Certificate of Occupancy issued by Miami‑Dade County for restaurant, catering, food production, or commercial kitchen operations.
    • ADA‑compliant elevator provides access to the second floor.
    • Equipped with 440V electrical service and transformer for 220V conversion.
    • All city documentation and certifications are available for verification.

    Overview

    This 5,138 SF warehouse is located in Medley, Florida, and presents a commercial opportunity. It features a grease trap, commercial kitchen hood, and walk-in cooler. A Permanent Certificate of Occupancy has been issued by Miami-Dade County for interior renovation, making it suitable for restaurant, catering, food production, or commercial kitchen operations. City documentation and certifications are available. The property includes an ADA-compliant elevator providing access to the second floor. It is equipped with 440V electrical service and includes a transformer that allows conversion to 220V, making it suitable for a variety of commercial and food service operations. The lot size is 0.1501 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial kitchens

    Suggested Use

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

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

    Similar Places Nearby

    • Delsie Self Storage Facility — 4711 NW 79th Ave ste 8h 9i, Doral, FL 33166
    • Faro Boat Lifts — 6906 NW 46th St, Miami, FL 33166
    • LogicArt Miami — 4761 NW 72nd Ave, Miami, FL 33166
    • Rapid Shifters — 4747 NW 72nd Ave, Miami, FL 33166
    • Extra Space Storage — 4995 NW 79th Ave, Miami, FL 33166, United States

    Location Insight

    • Map
    • Local Demand
    City
    Medley
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3148
    Latitude
    25.8267

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    FAQs

    What type of property is this?
    Warehouse - 5,138 SF warehouse with commercial kitchen in Medley, Florida.
    Where is this warehouse located?
    The property is located at 8000 NW 68th St Medley, FL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Turnkey 5,138 SF warehouse in prime Medley location, ready for immediate operation.; Includes grease trap, commercial kitchen hood, and walk‑in cooler already installed.; Permanent Certificate of Occupancy issued by Miami‑Dade County for restaurant, catering, food production, or commercial kitchen operations.
    (786) 477-4715
    We can help!
    Listing Contact
    Zoramir Rodriguez
    Real Estate License ID: 3298151
    Learn More
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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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