Medley Industrial Property For
8700 NW 93rd St Medley, FL
For Sale
Contact for pricing
Spacious industrial property in Medley with high traffic visibility.
Property Size64,000 SF
Lot Size1.43 Acres
Price / SF$156.25
Days on Market728
Property Features for 8700 NW 93rd St
General Information
Standard status
Active
Size
64,000 SF
Lot size
1.43 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Fausto Commercial Realty
(786) 260-7507
Listed By:
Guarionex (Bobby) Berrido · License #A12020462
(786) 260-7507
Source:
Moodyscre
Added: Jul 30, 2024
Changed: Jul 6
Last Checked: Jul 21 at 5:37AM
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 Fausto Commercial Realty
Investment Insights
Based on property information with market context.
This expansive industrial property, spanning over 62,000 square feet, is located at a prominent corner in the Town of Medley. The property benefits from high visibility and traffic flow, with over 25,000 cars and 4,000 trucks passing by daily. Its location between the Florida Turnpike, Palmetto/826, and W Okeechobee Rd provides convenient access to a well-connected transportation network. The property is suitable for various commercial ventures, particularly truck parking or a gas station, offering opportunities to capitalize on the demand for industrial services in the area. The property size is 64,000 square feet.
Key Highlights
- Prime corner location in the Town of Medley with exceptional visibility.
- High traffic volume: Over 25,000 cars and 4,000 trucks pass by daily.
- Expansive industrial property spanning over 62,000 square feet.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.04M | $16.32 |
| − Vacancy | −$57.4k | −$0.90 |
| EGI | $987.0k | $15.42 |
| − OpEx | −$148.1k | −$2.31 |
| NOI | $839.0k | $13.11 |
64,000 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Retail
$15.46M
$13.53M – $18.04M
NOI $1,082,189 @ 7.0% cap · market cap 10.82%
Second Best
Warehouse
$11.99M
$10.49M – $13.98M
NOI $838,979 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$32.47M
$28.41M – $37.88M
NOI $2,272,893 @ 7.0% cap · market cap 22.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Johnson Storage & Moving Co — 6451 NW 102nd Ave Suite 2, Doral, FL 33178
- Kasman Corporation Warehouse — 5900 NW 102nd Ave, Doral, FL 33178
- J and D Parking Storage — 6100 NW 97th Ave, Doral, FL 33178
- A+ Storage — 9901 NW 58th St, Doral, FL 33178
- Value Store It Self Storage — 5900 NW 102nd Ave, Doral, FL 33178, United States
Frequently Asked Questions
What type of property is this?
Warehouse - Spacious industrial property in Medley with high traffic visibility.
Where is this warehouse located?
The property is located at 8700 NW 93rd St Medley, FL.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Prime corner location in the Town of Medley with exceptional visibility.; High traffic volume: Over 25,000 cars and 4,000 trucks pass by daily.; Expansive industrial property spanning over 62,000 square feet.
