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Property profile & analytics
FOR LEASE
Office buildings
10451 NW 117Th Ave Medley, FL 33178
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-4218998
For Lease
1 / 2
$22,645,000
10451 NW 117Th Ave, Medley, FL 33178
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2006
Total area
124,227 SF
Lot
7.56 ac (329,400 SF)
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
30-3006-009-0050
UPID
US18-4218998
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.65M
Owner & transaction history
Hdcal Flagler Station LLC · 1 yrs held
Hdcal Flagler Station LLC
since 2025
4 recorded transactions
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Medley, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Medley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$182 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$291,050
Tax year 2023
Assessed value
$17,700,000
Assessed 2023
Previous assessed
$18,200,000
-2.7% YoY
Effective rate
1.64%
On assessed value
Assessed land
$13,176,000
Assessed improvement
$4,524,000
Land market value
$13,176,000
Improvement market value
$4,524,000
Total market value
$17,700,000
Applied tax rate
3,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2006
Heating
NONE
Cooling
CENTRAL
Stories
4
Total area
124,227 SF
Lot
7.56 ac (329,400 SF)
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
30-3006-009-0050
UPID
US18-4218998
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Medley, FL
Zoning 7700:INDUSTRIAL,RESTRICT · permitted uses
7700:INDUSTRIAL,RESTRICT · Medley, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Medley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Cooling
Yes
Stories
4
Lot
7.56 ac
Current owner
From public records · entity-resolved
Hdcal Flagler Station LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5295 S COMMERCE DR STE #100, MURRAY, UT 84107-4715
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2025
$21,095,800
Hdcal Flagler Station LLC
Bof Fl Flagler Station LLC
Deed
related
—
Aug 20, 2019
$85,750,000
Bof Fl Flagler Station LLC
G & I Viii Flagler Station LLC
Grant Deed
—
Aug 20, 2019
—
Bof Fl Flagler Station LLC
—
Loan Modification
related
$64,554,000 · Wells Fargo Bk
Jul 10, 2014
$131,700,000
G & I Viii Doral Concourse LLC
Fdg Doral Concourse LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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