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Property profile & analytics
OFF-MARKET
Estimated value
$5,500,000
Warehouses
12360 Nws Riv Dr Medley, FL 33178-1193
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5063835
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Construction
HEAVY FRAME
Total area
6,875 SF
Lot
1.83 ac (79,507 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
22-2029-024-0040
UPID
US18-5063835
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
$5.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.97M
Blend (final)
Blend
$5.50M
Owner & transaction history
Palm Way Investments LLC · 1 yrs held
Palm Way Investments LLC
since 2024
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Medley, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.1M
+88.7%
Commercial (general)
$5.1M
+88.1%
Office building
$4.7M
+73.6%
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
$5,500,000
ML approach
$5,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,100,000
Change: +89% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,085,000
Change: +88% · Conversion: Difficult
OFFICE BUILDING
$4,690,000
Change: +74% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,495,000
Change: +66% · Conversion: Easy
Blend value · Realmo final
$5.50M
Range $4.95M – $6.05M · ±10% · vs last sale $5.50M (Sep 19 2024)
Last sale anchor
$5.50M
Sep 19 2024
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
$800 / 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
$60,455
Tax year 2023
Assessed value
$3,985,350
Assessed 2023
Previous assessed
$3,985,350
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$3,975,350
Assessed improvement
$10,000
Land market value
$3,975,350
Improvement market value
$10,000
Total market value
$3,985,350
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Construction
HEAVY FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
2
Total area
6,875 SF
Lot
1.83 ac (79,507 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
22-2029-024-0040
UPID
US18-5063835
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
$5.1M
COMMERCIAL (GENERAL)
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2009
Construction
HEAVY FRAME
Heating
NONE
Cooling
Yes
Buildings
2
Lot
1.83 ac
Current owner
From public records · entity-resolved
Palm Way Investments LLC
Entity
Mailing address
2441 S STATE RD 7TH S #5, DAVIE, FL 33317-6910
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2024
$5,500,000
Palm Way Investments LLC
Rush Truck Centers Of Florida INC
Special Warranty Deed
$3,850,000 · The Northern Trust Co
Dec 3, 2021
$4,600,000
Rush Truck Centers Of Florida INC
E R Truck & Equipment Corporation
Warranty Deed
—
May 10, 2019
—
E R Truck & Equipment Corp
—
Deed
related
$2,635,000 · Amerant Bk NA
Aug 8, 2003
$854,700
E R Truck & Equipment Corp
Crown Land Co
Grant Deed
$680,000 · Ocean Bank
—
—
E R Truck & Equipment Corp
—
Deed Of Trust
related
$2,635,000 · Amerant Bk NA
—
—
Er Truck & Equipment Corp
—
Deed Of Trust
related
$693,000 · Bank Of America
—
—
Er Truck & Equipment Corp
—
Deed Of Trust
related
$1,000,000 · Bank Of America
—
—
Er Truck & Equipment Corp
—
Deed Of Trust
related
$448,445 · Ocean Bank
—
—
Er Truck & Equipment Corp
—
Deed Of Trust
related
$500,000 · Citibank NA
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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