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

    8501 96 St Medley, FL 33178

    • Distribution centers
    • 173,382 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4408992
    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

    • Distribution centers

    Property Details for 8501 96 St

    Year built
    2024
    Property size
    173,382 SF
    Property type
    Distribution centers

    Description

    This exceptional Class A warehouse, part of the Sycamore Logistics Center, offers 173,382 square feet of brand-new, single-tenant space, ready for occupancy in Q2 2024. The building boasts a 36-foot ceiling height, providing ample vertical storage capacity. With 49 loading docks and 2 drive-in doors, efficient loading and unloading are guaranteed. The property features a substantial 161-car parking lot, ensuring convenient access for employees and visitors. The warehouse benefits from a robust 2000 AMP power supply and an ESFR sprinkler system, meeting the highest safety standards. The column spacing is a generous 54' x 40', maximizing usable floor space. The building includes approximately 2,344 square feet of spec office space. Located with convenient access to the Palmetto Expressway, this property offers unparalleled logistical advantages. The expansive 180-foot truck court facilitates easy maneuverability for large vehicles. High-efficiency LED lighting is installed throughout. This is a truly exceptional opportunity for businesses seeking a state-of-the-art warehouse facility in a prime location. The building is situated on NW S River Dr.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Medley
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.3351029
    Latitude
    25.8609729

    Comparable in this City

    • $19 SF/Yr
      6,375 SF

      NW 115th Ave Warehouse For Lease

      6,375 SF Warehouse, Office Space Available
      3510 115 Ave, Doral, FL 33178
      View Details
    • $0.60 SF/Yr
      159,914 SF

      Doral West Warehouse - 159,914 SF

      Spacious Doral warehouse, great price, ideal location.
      3450 115 Ave, Doral, FL 33178
      View Details
    • $0.02 SF/Yr
      12,254 SF

      Medley Warehouse: ±12,254 SF

      Prime Medley warehouse, ±12,254 SF, ideal for logistics.
      10903 122Nd St, Miami, FL 33178
      View Details
    • $22 SF/Yr
      81,156 SF

      Miami Medley Warehouse Space

      81,156 SF Warehouse, Flexible Lease Options
      8800 102Nd Rd, Medley, FL 33178
      View Details
    • $27 SF/Yr
      1,543 SF

      Doral Warehouse: 1543 sq ft

      Single-tenant industrial warehouse in Doral, FL.
      5989 102 Ave, Doral, FL 33178
      View Details
    • $22 SF/Yr
      2,000 SF

      Doral Warehouse: 2,000 SF Industrial Space

      Single-tenant warehouse, prime Doral location.
      6010 99 Ave, Doral, FL 33178
      View Details

    Similar Nearby for Sale

    • $3,500,000
      4,240 SF

      Doral Warehouse: Luxury Car Storage

      Prime Doral location, 4,240 sq ft warehouse.
      6030 102 Ave, Doral, FL 33178
      View Details
    • $12,360,000
      30,900 SF

      Doral Warehouse: Prime Industrial Space

      30,900 SF Warehouse, Excellent Location
      3515 114 Ave, Doral, FL 33178
      View Details
    • $3,200,000

      Doral Warehouse with Office Space

      8,750 SF warehouse with 2,850 SF office in Doral.
      6320 NW 97Th Ave, Miami, FL 33178
      View Details
    • $3,100,000

      Modern Industrial Space in Doral

      Modern industrial space in a prime Doral location.
      6371 NW 102Nd Ave, Miami, FL 33178
      View Details
    • Contact for pricing
      8,000 SF

      Doral Warehouse with 36' Clearance

      8,000 SF warehouse with rear-load configuration near major highways.
      6371 SW 102Nd Pl, Doral, FL 33178
      View Details
    • Contact for pricing

      Doral Warehouse and Office Sublease

      Sublease opportunity with warehouse and office space near major highways.
      3450 Nw 115Th 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
    • $0.60 SF/Yr
      159,914 SF

      Doral West Warehouse - 159,914 SF

      Spacious Doral warehouse, great price, ideal location.
      3450 115 Ave, Doral, FL 33178
      View Details
    • $0.02 SF/Yr
      12,254 SF

      Medley Warehouse: ±12,254 SF

      Prime Medley warehouse, ±12,254 SF, ideal for logistics.
      10903 122Nd St, Miami, FL 33178
      View Details
    • $19 SF/Yr
      6,375 SF

      NW 115th Ave Warehouse For Lease

      6,375 SF Warehouse, Office Space Available
      3510 115 Ave, Doral, 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.
    8501 96 St
    Medley, FL 33178
    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.