Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    138Th St Medley, FL 33018
    Back to Search
    Property profile & analytics

    138Th St Medley, FL 33018

    View on Map
    • Land
    • 8.30 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 138Th St

    Lot size
    8.30 lot acres
    Property type
    Land

    Description

    This exceptional 8.03-acre commercial land parcel, located in the Hialeah Gardens submarket of Miami-Dade County, presents a unique investment opportunity. Situated at the intersection of NW 107th Ave and NW 138th St, the property boasts 1,320 feet of frontage on NW 138th St, a major east-west artery with a daily traffic count exceeding 49,000 vehicles. The property's APN is 27 2029001 0330, and its total square footage is 349,787. Zoned for retail commercial use, this site offers multiple ground lease opportunities. Ideal uses include, but are not limited to, gas stations, fast-food restaurants, car washes, oil change facilities, self-storage units, banks, and medical offices. The rapidly expanding residential and commercial market in the area further enhances the property's value and potential. The price is $250,000 per acre per year, NNN. This prime location and versatile zoning make this an exceptional investment opportunity for discerning buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Medley
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3724
    Latitude
    25.8986

    Comparable in this City

    • Value Estimation by Request
      9.00 Acres

      170Th St

      Land • 1 SF
      0 170Th St, Hialeah, FL 33018
      View Details
    • Value Estimation by Request
      70.00 Acres

      97Th Ave

      Power centers • 14,940 SF
      0 97Th Ave, Hialeah, FL 33018
      View Details
    • Value Estimation by Request
      5.00 Acres

      16400 127Th Ave

      Farms • 5.00 Acres
      16400 127Th Ave, Hialeah, FL 33018
      View Details
    • Value Estimation by Request

      16891 122Nd Ave

      Distribution properties
      16891 122Nd Ave, Hialeah, FL 33018
      View Details
    • Value Estimation by Request

      11300 87Th St

      Retail properties & Spaces
      11300 87Th St, Miami Lakes, FL 33018
      View Details
    • Value Estimation by Request

      16898 122Nd Ave

      Retail properties & Spaces
      16898 122Nd Ave, Hialeah, FL 33018
      View Details

    Similar Nearby for Sale

    • New
      $5,500,000
      1.12 Acres

      Vacant Land in Hialeah Gardens

      Vacant land with fence included in Hialeah Gardens, Florida.
      10831 NW 144Th St, Hialeah Gardens, FL 33018
      View Details
    • $900,000

      Hialeah Land for Farming/Parking

      Two adjacent 1-acre lots suitable for farming, livestock, or parking.
      12150 NW 157Th St, Hialeah, FL 33018
      View Details
    • $2,600,000
      2.00 Acres

      Income-Producing Land Near American Dream

      2-acre property with multiple income streams near future mega mall.
      15721 NW 122Nd Ave, Miami, FL 33018
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hialeah Development Opportunity

      New commercial development opportunity in Hialeah, Florida.
      NW 97Th Ave, Hialeah, FL 33018
      View Details
    • Contact for pricing

      Commercial Land Near Transportation Routes

      Land near Okeechobee Road and Florida Turnpike for rent.
      10721 NW 138Th St, Hialeah, FL 33018
      View Details
    • Contact for pricing

      Retail Land for Lease

      9-acre retail land available for single tenant lease.
      NW 170Th St, Hialeah Gardens, FL 33018
      View Details
    • Contact for pricing

      9 Acres Commercial Land Available

      Commercial land available for ground lease or build to suit.
      NW 170Th St, Hialeah Gardens, FL 33018
      View Details
    • $0.03 SF/Yr
      7,738 SF

      NW 146th St Warehouse Sublease

      7,738 SF Warehouse; 18 Months Left
      10900 146Th St, Hialeah Gardens, FL 33018
      View Details
    • Contact for pricing

      Hialeah Gardens Industrial Warehouse Space

      New industrial warehouse spaces for lease in Hialeah Gardens.
      10900 NW 146Th St, Hialeah Gardens, FL 33018
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    138Th St
    Medley, FL 33018
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    138Th St, Medley, FL, 33018
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!