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Property profile & analytics
OFF-MARKET
Estimated value
$42,295,000
Industrial properties
10733 123rd St Medley, FL 33178-3255
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6330058
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
2013
Construction
HEAVY FRAME
Total area
187,880 SF
Lot
8.8 ac (383,380 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
22-2030-016-0050
UPID
US18-6330058
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
$41.61M
Comparable Approach
Comparable
$40.55M
Blend (final)
Blend
$42.30M
Owner & transaction history
Nw 123rd St Fl LLC · 3 yrs held
Nw 123rd St Fl LLC
since 2023
Last sale
$50.9M
7 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · 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
$40,605,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$45,075,000
6.5%
$41,605,000
7%
$38,635,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$52,755,000
Current use
Blend value · Realmo final
$42.30M
Range $38.07M – $46.52M · ±10% · vs last sale $50.85M (Jul 11 2023)
Last sale anchor
$50.85M
Jul 11 2023
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
$225 / 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
$397,903
Tax year 2023
Assessed value
$28,402,000
Assessed 2023
Previous assessed
$26,297,000
+8.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$16,101,960
Assessed improvement
$12,300,040
Land market value
$16,101,960
Improvement market value
$12,300,040
Total market value
$28,402,000
Applied tax rate
2,200.0000
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
2013
Construction
HEAVY FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
187,880 SF
Lot
8.8 ac (383,380 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
22-2030-016-0050
UPID
US18-6330058
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Medley, FL
Zoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$52.8M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Construction
HEAVY FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
8.8 ac
Current owner
From public records · entity-resolved
Nw 123rd St Fl LLC
Entity
Mailing address
60 STATE ST STE #2200, BOSTON, MA 02109-1884
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2023
$50,850,000
Nw 123rd St Fl LLC
Western B Southeast Fl LLC
Special Warranty Deed
—
Oct 7, 2019
—
Western B Southeast Fl LLC
—
Loan Modification
related
$957,330,406 · Citi R/e Fndg INC
Nov 16, 2015
—
Western B Southeast Fl LLC
Iit Miami Dc LLC
Special Warranty Deed
—
Dec 20, 2011
$2,443,725
Iit Miami Dc LLC
Banyan Reph LLC
Grant Deed
—
Jun 27, 2011
—
Banyan Reph LLC
Pan American North Partners Lc
Quit Claim Deed
related
—
Apr 27, 2011
$1,100
Banyan Reph LLC
Banyan Corp Ctr II LLC Coc
Trustees Deed
related
—
Jun 5, 2008
—
Banyan Corporate Center II LLC
—
Trustees Deed
related
$3,600,000 · Ocean Bank
Sep 26, 2005
$4,737,652
Banyan Corporate Center II LLC
Ruby River Real Estate LLC
Warranty Deed
$3,600,000 · Ocean Bank
Jan 14, 2005
$3,070,691
Ruby River Real Estate LLC
Pan American Business Park Ltd
Grant Deed
$2,456,552 · Key Bank & Trust
—
—
Banyan Corporate Center II LLC
—
Deed Of Trust
related
$720,000 · Ocean Bank
—
—
Iit Miami Dc LLC
—
Deed Of Trust
related
$9,345,000 · Us Bank NA
—
—
Iit Miami Dc LLC
—
Deed Of Trust
related
$100,000 · Iit North American Ind'l Fund
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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