Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11150 122nd St Medley, FL 33178-3456

    • Warehouses
    • 142,602 SF
    • 33.42 lot acres
    OFF-MARKET
    Value Estimations
    $1,365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7782393
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hitachi Rail USA, Inc. / Manufacturer

    Property Details for 11150 122nd St

    Year built
    2015
    Lot size
    33.42 lot acres
    Property size
    142,602 SF
    Zone code
    7600:INTENSIVE USE
    Property type
    Warehouses
    APN
    22-2031-005-0020
    APU
    2220310050020

    Description

    This exceptional Class A warehouse facility, part of the prestigious Prologis Miami International Tradeport, offers 140,799 square feet of total space, with 140,400 square feet currently available for lease. The property boasts ten individual buildings, providing flexibility for various business needs. The high ceilings, measuring 32 feet, offer ample vertical storage capacity. Conveniently located at the southeast corner of NW 115th Avenue and NW 122nd Street in Medley, Florida, this strategically positioned property provides easy access to both Miami International Airport and the Port of Miami, significantly reducing transportation costs and time. Its proximity to Florida's Turnpike and south of Okeechobee Road ensures seamless connectivity to major transportation arteries. The property features 204 parking spaces, ensuring ample parking for employees and visitors. The building is institutionally owned and managed, guaranteeing a high level of maintenance and operational efficiency. This is a Prologis Clear Lease® property, offering greater certainty regarding lease expenses and capital costs. The multiple tenancy structure allows for flexibility in lease terms and space configurations. This prime location and superior amenities make this warehouse an ideal choice for businesses seeking a high-quality, strategically located industrial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,365,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Medley
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3777
    Latitude
    25.8825
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,599,792
    $36,390,250
    $50,343,750
    $86,734,000
    -
    $36,390,250
    $50,343,750
    $86,734,000

    Comparable in this City

    • Value Estimation by Request
      4,240 SF

      6030 102Nd Ave

      Distribution properties • 4,240 SF
      6030 102Nd Ave, Doral, FL 33178
      View Details
    • Value Estimation by Request

      9384 102Nd St

      Distribution properties
      9384 102Nd St, Medley, FL 33178
      View Details
    • Value Estimation by Request
      4,875 SF

      12605 115Th Ave

      Distribution properties • 4,875 SF
      12605 115Th Ave, Miami, FL 33178
      View Details
    • Value Estimation
      $590,000
      2,025 SF

      9800 87th Ave

      WAREHOUSE, STORAGE • 2,025 SF
      9800 87th Ave, Medley, FL 33178-1471
      View Details
    • Value Estimation by Request
      6,100 SF

      6015 87th Ave

      WAREHOUSE, STORAGE • 6,100 SF
      6015 87th Ave, Miami, FL 33178-6201
      View Details
    • Value Estimation
      $1,310,000
      184,008 SF

      9101 87th Ave

      WAREHOUSE, STORAGE • 184,008 SF
      9101 87th Ave, Medley, FL 33178-4716
      View Details

    Similar Nearby for Sale

    • $749,000

      Doral Light Industrial Warehouse

      Versatile commercial property in Doral's thriving business district.
      11467 NW 34Th St, Doral, FL 33178
      View Details
    • Contact for pricing

      Doral Office-Warehouse Space For Sale

      2,753 sq ft Doral office-warehouse with air conditioning.
      9450 NW 58Th St, Miami, FL 33178
      View Details
    • Contact for pricing

      Doral Freestanding Flex Building

      28,000 SF flex building with modern call center and warehouse.
      3301 NW 107Th Ave, Miami, FL 33178
      View Details
    • $690,000

      Doral Warehouse For Sale

      Warehouse in Doral's prime location, currently rented.
      6030 NW 99Th Ave, Miami, FL 33178
      View Details
    • Contact for pricing

      Medley Industrial Flex Space Available

      3,500 SF flex space in Medley, available July 1st.
      12601 NW 115Th Ave, Miami, FL 33178
      View Details
    • $3,190,000

      Doral Warehouse with Office Space

      Warehouse with rear loading, dock height doors, and office space.
      6324 NW 97Th Ave, Miami, FL 33178
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      5,000 SF

      Medley Industrial Space - 5,000 SF

      Prime Medley location, flexible industrial space.
      9753 91 Ct, Medley, FL 33178
      View Details
    • $20 SF/Yr
      4,875 SF

      Medley Warehouse: 4,875 SF Available

      Industrial warehouse, single tenant, 7 parking spaces.
      12605 115Th Ave, Miami, FL 33178
      View Details
    • $17 SF/Yr
      58,844 SF

      Doral Warehouse: 19,000 SF Available

      Industrial space, great Doral location.
      3600 114 Ave, Doral, FL 33178
      View Details
    • $20 SF/Yr
      5,088 SF

      Medley Warehouse with Dock Doors

      5,088 SF warehouse with office and dock doors.
      8741 NW 102Nd Rd, Medley, FL 33178
      View Details
    • Contact for pricing
      50,359 SF

      Freestanding Warehouse with Truck Access

      Sublease warehouse space with dock doors and ample parking.
      11400 NW 34Th St, Doral, FL 33178
      View Details
    • $14 SF/Yr
      19,680 SF

      Medley Warehouse with Rail Access

      19,680 SF warehouse with dock and rail loading doors.
      9001-9021 NW 105Th Way, Medley, FL 33178
      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.
    11150 122nd St
    Medley, FL 33178-3456
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.