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Property profile & analytics
FOR LEASE
Warehouses
12600 NW 115Th Ave Medley, FL 33178
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4273655
For Lease
1 / 12
$17.95 SF/Yr
12600 NW 115Th Ave, Medley, FL 33178
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
HEAVY FRAME
Total area
164,056 SF
Lot
36.59 ac (1,593,808 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
22-2030-001-0140
UPID
US18-4273655
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
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$41.80M
Comparable Approach
Comparable
$44.30M
Blend (final)
Blend
$51.50M
Owner & transaction history
Ppf Lincoln Medley LLC · 20 yrs held
Ppf Lincoln Medley LLC
since 2005
3 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Medley, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$72.1M
+11.8%
Retail stores
$67.1M
+4.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$45,280,000
6.5%
$41,795,000
7%
$38,810,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$64,475,000
Current use
MEDICAL BUILDING
$72,050,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$67,145,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$51.50M
Range $46.35M – $56.65M · ±10%
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
$314 / 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
$1,113,796
Tax year 2023
Assessed value
$82,250,000
Assessed 2023
Previous assessed
$93,730,000
-12.2% YoY
Effective rate
1.35%
On assessed value
Assessed land
$38,251,392
Assessed improvement
$43,998,608
Land market value
$38,251,392
Improvement market value
$43,998,608
Total market value
$82,250,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2008
Construction
HEAVY FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
164,056 SF
Lot
36.59 ac (1,593,808 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
22-2030-001-0140
UPID
US18-4273655
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
WAREHOUSE, STORAGE Current
Est. value
$64.5M
MEDICAL BUILDING
Est. value
$72.1M
RETAIL STORES
Est. value
$67.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
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
2008
Construction
HEAVY FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
36.59 ac
Current owner
From public records · entity-resolved
Ppf Lincoln Medley LLC
Entity
Free & Clear · 20 yrs held
Mailing address
535 BOYLSTON ST #11, BOSTON, MA 02116-3720
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2005
$16,935,700
Ppf Lincoln Medley LLC
Turnpike Land Corp
Grant Deed
—
Aug 30, 2005
—
Ppf Lincoln Medley LLC
Turnpike Land Corp
Quit Claim Deed
related
—
—
—
Ppf Lincoln Medley LLC
—
Deed Of Trust
related
$64,985,302 · Regions Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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