Versatile Commercial Property For
For Sale
$379,995
Pending
8315 NW 64th St 2, Medley, FL 33166
Commercial property featuring warehouse and office spaces in high-demand area.
Property Size1,023 SF
Lot Size0.02 Acres
Days on Market275
Property Features for 8315 NW 64th St 2
General Information
Standard status
Pending
Size
1,023 SF
Lot size
0.02 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,561
Building Details
Building Size
1,023 SF
Year Built
1985
Listing Agency:
Filardo Realty LLC
(786) 853-5333
Listed By:
Eiling Filardo
(786) 853-5333
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 14
Last Checked: Aug 29 at 12:51PM
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 Filardo Realty LLC
Investment Insights
Based on property information with market context.
This commercial property is located in a high-demand industrial/commercial zone. It features a spacious warehouse suitable for efficient operations, as well as modern office spaces. The property offers connectivity and easy access, making it suitable for logistics, distribution, storage, or use as an operations center. It is suited for business owners, investors, or owner-occupiers.
Key Highlights
- Prime location in a high‑demand industrial/commercial zone.
- Spacious warehouse for efficient operations.
- Modern, comfortable office spaces.
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
$27,115
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
7.14%
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%
$542,300
$542.3K
Cap Rate 7%
$387,357
$387.4K
Cap Rate 9%
$301,278
$301.3K
Market Conditions
NOI Build-Up for 1,023 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
$46.6K $45.60/SF
− Vacancy
−$10.5K −$10.26/SF
EGI
$36.2K $35.34/SF
− OpEx
−$9.0K −$8.84/SF
NOI
$27.1K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$542,300
Cap Rate 7%
$387,357
Cap Rate 9%
$301,278
Alternative Uses
Best Use
Office B
$387.4K
$338.9K – $451.9K
NOI $27,115 @ 7.0% cap · market cap 7.14%
Second Best
Warehouse
$191.6K
$167.6K – $223.5K
NOI $13,411 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$519.0K
$454.1K – $605.5K
NOI $36,331 @ 7.0% cap · market cap 9.56%
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
Well-served
Demand for This Use
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Commercial property featuring warehouse and office spaces in high-demand area.
Where is this warehouse located?
The property is located at 8315 NW 64th St 2 Medley, FL.
What is the asking price?
The asking price for this property is $379,995.
What are key features of this property?
This property features: Prime location in a high‑demand industrial/commercial zone.; Spacious warehouse for efficient operations.; Modern, comfortable office spaces.
