Medley Industrial Property For
For Sale
Contact for pricing
8700 NW 93rd St, Medley, FL
Spacious industrial property in Medley with high traffic visibility.
Property Size64,000 SF
Lot Size1.43 Acres
Price / SF$156.25
Days on Market821
Property Features for 8700 NW 93rd St
General Information
Standard status
Active
Size
64,000 SF
Lot size
1.43 Acres
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Pennsuco
Listing Agency:
Fausto Commercial Realty
(305) 961-1179
Listed By:
Guarionex (Bobby) Berrido · License #3444449
(786) 260-7507
Source:
Moodyscre
Added: Jul 30, 2024
Changed: Oct 25
Last Checked: Oct 26 at 7:56PM
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
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.
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
Estimated NOI and Cap Rate
NOI / Yr
$838,979
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,779,580
$16.8M
Cap Rate 7%
$11,985,414
$12.0M
Cap Rate 9%
$9,321,989
$9.3M
Market Conditions
NOI Build-Up for 64,000 SF
Gross rent
$1.04M $16.32/SF
− Vacancy
−$57.4K −$0.90/SF
EGI
$987.0K $15.42/SF
− OpEx
−$148.1K −$2.31/SF
NOI
$839.0K $13.11/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,779,580
Cap Rate 7%
$11,985,414
Cap Rate 9%
$9,321,989
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
989
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- A+ Storage — 9901 NW 58th St, Doral, FL 33178
- Kasman Corporation Warehouse — 5900 NW 102nd Ave, Doral, FL 33178
- Value Store It Self Storage — 5900 NW 102nd Ave, Doral, FL 33178, United States
- J and D Parking Storage — 6100 NW 97th Ave, Doral, FL 33178
- Johnson Storage & Moving Co — 6451 NW 102nd Ave Suite 2, Doral, FL 33178
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.
