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Property profile & analytics
OFF-MARKET
Estimated value
$10,890,000
Outlet malls
10505 112th Ave Medley, FL 33178-1000
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3551498
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2001
Construction
CONCRETE
Total area
54,917 SF
Lot
5.02 ac (218,760 SF)
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
30-3006-003-0010
UPID
US18-3551498
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
$9.84M
CAP Approach
CAP
$13.68M
Comparable Approach
Comparable
$8.10M
Blend (final)
Blend
$10.89M
Owner & transaction history
Universal Concrete & Ready Mix Corp · 4 yrs held
Universal Concrete & Ready Mix Corp
since 2022
Last sale
$11.8M
5 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
Method
Estimation
Statistic approach
$10,215,000
ML approach
$9,840,000
CAP Approach
CAP Return
Estimation
6%
$14,820,000
6.5%
$13,680,000
7%
$12,705,000
Blend value · Realmo final
$10.89M
Range $9.80M – $11.98M · ±10% · vs last sale $11.75M (Apr 8 2022)
Last sale anchor
$11.75M
Apr 8 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$198 / 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
$171,533
Tax year 2023
Assessed value
$10,100,000
Assessed 2023
Previous assessed
$10,100,000
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$8,750,400
Assessed improvement
$1,349,600
Land market value
$8,750,400
Improvement market value
$1,349,600
Total market value
$10,100,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
54,917 SF
Lot
5.02 ac (218,760 SF)
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
30-3006-003-0010
UPID
US18-3551498
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
2001
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
5.02 ac
Current owner
From public records · entity-resolved
Universal Concrete & Ready Mix Corp
Entity
Free & Clear · 4 yrs held
Mailing address
10505 W OKEECHOBEE RD STE #101, HIALEAH GARDENS, FL 33018-1979
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2022
$11,750,000
Universal Concrete & Ready Mix Corp
Christal Plaza II LLC
Special Warranty Deed
—
Jan 3, 2017
$9,575,000
Christal Plaza II LLC
G & I Viii Flagler Retail LLC
Grant Deed
$6,702,500 · Mercantil Commercebank
Jul 10, 2014
$131,700,000
G & I Viii Doral Concourse LLC
Fdg Doral Concourse LLC
Grant Deed
—
Dec 18, 2009
—
Fdg John Young Parkway LLC
—
Deed Of Trust
related
$929,757,065 · Bank Of America
Nov 28, 2007
—
Fdg Flagler Station I LLC
Flagler Dev Co LLC
Quit Claim 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.
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