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Property profile & analytics
OFF-MARKET
Estimated value
$7,445,000
Industrial land
11002 Nws Riv Dr Medley, FL 33178-1133
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4757650
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1975
Construction
CONCRETE
Total area
14,952 SF
Lot
8.56 ac (372,955 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
22-2033-001-0540
UPID
US18-4757650
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
$10.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.37M
Blend (final)
Blend
$7.45M
Owner & transaction history
Hrp Medley LLC · 5 yrs held
Hrp Medley LLC
since 2021
Last sale
$8.4M
4 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Medley, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.1M
+164.1%
Commercial (general)
$11.1M
+163.3%
Office building
$10.2M
+142.9%
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
by Request
ML approach
$10,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$11,090,000
Change: +164% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,055,000
Change: +163% · Conversion: Difficult
OFFICE BUILDING
$10,200,000
Change: +143% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,775,000
Change: +133% · Conversion: Easy
MEDICAL BUILDING
$6,565,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$6,120,000
Change: +46% · Conversion: Moderate
WAREHOUSE, STORAGE
$5,875,000
Change: +40% · Conversion: Easy
Blend value · Realmo final
$7.45M
Range $6.70M – $8.19M · ±10% · vs last sale $8.40M (Jun 2 2021)
Last sale anchor
$8.40M
Jun 2 2021
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
$498 / 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
$190,650
Tax year 2023
Assessed value
$15,664,110
Assessed 2023
Previous assessed
$15,664,110
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$15,664,110
Land market value
$15,664,110
Total market value
$15,664,110
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
14,952 SF
Lot
8.56 ac (372,955 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
22-2033-001-0540
UPID
US18-4757650
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
RESTAURANT
Est. value
$11.1M
COMMERCIAL (GENERAL)
Est. value
$11.1M
OFFICE BUILDING
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$9.8M
MEDICAL BUILDING
Est. value
$6.6M
RETAIL STORES
Est. value
$6.1M
WAREHOUSE, STORAGE
Est. value
$5.9M
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1975
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
8.56 ac
Current owner
From public records · entity-resolved
Hrp Medley LLC
Entity
Free & Clear · 5 yrs held
Mailing address
111 S WACKER DR STE #3000, CHICAGO, IL 60606-4309
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jun 2, 2021
$8,400,000
Hrp Medley LLC
Bht Of Medley 0012 LLC
Special Warranty Deed
—
Nov 9, 2017
$5,300,000
Bht Of Medley 0012 LLC
A M A Ents LLC
Warranty Deed
$3,975,000 · Bank Of The Ozarks
Apr 21, 2015
$3,800,000
A M A Enterprises LLC
Ucb Solutions LLC
Special Warranty Deed
$2,500,000 · Apollo Bank
Oct 1, 2014
$355,100
Ucb Solutions LLC
Medley Props LLC Coc
Trustees 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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