8-Bay Flex
8600 S River Drive Unit 1, Medley, FL 33166
For Sale
Contact for pricing
Office and industrial functions share a space with round-the-clock tenant access and on-site parking.
Property Size169,476 SF
Price / SF$0.00
Days on Market10
Property Features for 8600 S River Drive Unit 1
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Voltage
Sprinkler System
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
The Hype Real Estate Group Corp
Listed By:
Pablo Sebastian Vignolo · License #3276129
(305) 303-3837
Source:
Lehmannflorida
Added: Oct 29
Changed: Nov 6
Last Checked: Nov 6 at 3:52PM
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 The Hype Real Estate Group Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 1 contains 6,000 SF of flex space with 17-foot clear height, eight bay doors, office area, and two restrooms. Building features include 240V and 480V power, LED lighting, fire sprinklers, and a full security system. Tenants have access 24/7, and zoning supports office, industrial, and medical uses. The building dates to 1970.
The property is near US Hwy 27 and the Palmetto Expressway, with Miami International Airport about 15 minutes away. On-site parking serves the unit. The combination of office space, multiple bay doors, and high-voltage power supports a range of uses within the stated zoning.
The property is near US Hwy 27 and the Palmetto Expressway, with Miami International Airport about 15 minutes away. On-site parking serves the unit. The combination of office space, multiple bay doors, and high-voltage power supports a range of uses within the stated zoning.
Key Highlights
- 6,000 SF of flex space
- 17' clear height and 8 bay doors
- 240V and 480V power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,829,609
Suggested Prices Based on Cap Rates
Cap Rate 5%
$36,592,180
$36.6M
Cap Rate 7%
$26,137,271
$26.1M
Cap Rate 9%
$20,328,989
$20.3M
Market Conditions
NOI Build-Up for 169,476 SF
Gross rent
$2.77M $16.32/SF
− Vacancy
−$152.1K −$0.90/SF
EGI
$2.61M $15.42/SF
− OpEx
−$784.1K −$4.63/SF
NOI
$1.83M $10.80/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$36,592,180
Cap Rate 7%
$26,137,271
Cap Rate 9%
$20,328,989
Alternative Uses
Best Use
Flex RnD
$53.25M
$46.60M – $62.13M
NOI $3,727,794 @ 7.0% cap · market cap 18,638,970.00%
Second Best
Warehouse
$31.74M
$27.77M – $37.03M
NOI $2,221,668 @ 7.0% cap · market cap 11,108,340.00%
Theoretical Best
Office A
$85.98M
$75.23M – $100.31M
NOI $6,018,763 @ 7.0% cap · market cap 30,093,815.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
17 ft
Clear height
Yes
Sprinkler system
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
Properties on Market for Flex space in Medley
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Taste of Style Catering - Ballroom — 4747 NW 79th Ave, Miami, FL 33166
- Gourmet Concepts — 5231 Geneva NW 48th Way, Doral, FL 33166
- Funky Lab 305 — 5149 NW 74th Ave, Miami, FL 33166
- Green Meals — 7415 NW 54th St, Miami, FL 33166
- Aaron's Catering — 9605 NW 79th Ave, Hialeah Gardens, FL 33016
Frequently Asked Questions
What type of property is this?
Flex space - Office and industrial functions share a space with round-the-clock tenant access and on-site parking.
Where is this flex space located?
The property is located at 8600 S River Drive Unit 1 Medley, FL.
What are key features of this property?
This property features: 6,000 SF of flex space; 17' clear height and 8 bay doors; 240V and 480V power
