Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9351 Nws Riv Dr Medley, FL 33166-2001
    Back to Search
    Property profile & analytics

    9351 Nws Riv Dr, Medley, FL 33166-2001

    View on Map
    • Office buildings
    • 600 SF
    • 0.10 lot acres
    Off-Market
    Last Sale Sep 5, 2024
    $735,000
    Property ID
    US18-3660856
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 9351 Nws Riv Dr

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    0.10 lot acres
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Office buildings
    APN
    22-3003-001-0862
    APU
    2230030010862

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 5, 2024 $735,000 9351 LLC Abud Investments LLC Warranty Deed $368k · Bank Of America NA
    Feb 22, 2005 $220,000 Abud Investments LLC Medley Properties INC Grant Deed $170k · Medley Properties INC
    Jan 24, 2002 $60,000 Medley Properties INC Murphy,jimmy W Grant Deed —
    Jan 24, 2002 — Medley Properties INC Murphy,jimmy W Quit Claim Deed · related —
    — — Abud Investments LLC — Loan Modification · related $130k · Medley Properties INC
    — — Abud Investments LLC — Deed Of Trust · related $169k · Apex Com'l Cap
    — — Abud Investments LLC — Deed Of Trust · related $21k · Elpidio Pacheco
    — — Abud Investments LLC — Deed Of Trust · related $147k · Medley Properties INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Medley
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.33
    Latitude
    25.8589
    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
    $3,893
    $220,150
    $39,668
    $259,818
    -
    $220,150
    $39,668
    $259,818

    Comparable in this City

    • Value Estimation
      $20,710,000
      64,241 SF

      7331 74th St

      PROFESSIONAL BUILDING
      7331 74th St, Medley, FL 33166-2409
      View Details
    • Value Estimation
      $1,425,000
      342 SF

      7950 53rd St Ste, Unit 131

      OFFICE BUILDING (MULTI-STORY)
      7950 53rd St Ste, Doral, FL 33166-4636
      View Details
    • Value Estimation
      $1,050,000
      252 SF

      7950 53rd St Ste, Unit 229

      OFFICE BUILDING (MULTI-STORY)
      7950 53rd St Ste, Doral, FL 33166-4638
      View Details
    • Value Estimation
      $1,565,000
      376 SF

      7950 53rd St Ste, Unit 331

      OFFICE BUILDING (MULTI-STORY)
      7950 53rd St Ste, Doral, FL 33166-4791
      View Details
    • Value Estimation
      $9,880,000
      36,864 SF

      8241 36th St

      PROFESSIONAL BUILDING
      8241 36th St, Miami, FL 33166
      View Details
    • Value Estimation
      $7,075,000
      2,654 SF

      3650 82nd Ave Ste, Unit 102

      PROFESSIONAL BUILDING
      3650 82nd Ave Ste, Doral, FL 33166-6662
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,930 SF

      Modern Office Building with Amenities

      Contemporary office building featuring a cafe, conference rooms, and parking.
      7791 NW 46Th St, Miami, FL 33166
      View Details
    • Contact for pricing

      Recording and TV Studio Complex

      82,000 sq ft recording and TV studio complex for sale.
      7355 NW 41St St, Miami, FL 33166
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,000 SF

      Doral Office/Medical Space Available

      22,000 SF office or medical space for rent in Doral.
      5605 NW 82Nd Ave, Doral, FL 33166
      View Details
    • Contact for pricing

      Professional Office Building For Rent

      Professional office building with spaces ranging from 500SF to 800SF.
      4995 NW 72Nd Ave, Miami, FL 33166
      View Details
    • $102 SF/Yr
      100 SF

      NW 46th St Office Suite 108

      100 sq ft Office, Parking Included
      7791 46Th St, Doral, FL 33166
      View Details
    • $6,500 /Mo
      1,934 SF

      Doral Office Space Available

      Functional office space in Doral's business district for lease.
      7791 NW 46Th St, Doral, FL 33166
      View Details
    • $8,429 /Mo
      5,950 SF

      Miami Industrial Warehouse For Lease

      Spacious warehouse with office space, ideal for logistics.
      5220 NW 72Nd Ave, Miami, FL 33166
      View Details
    • $600 /Mo
      77,999 SF

      Functional Office Near Airport

      Compact office unit for lease near Miami International Airport.
      6405 NW 36Th St, Virginia Gardens, FL 33166
      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.
    9351 Nws Riv Dr
    Medley, FL 33166-2001
    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

    Thank You for Inquiry
    9351 Nws Riv Dr, Medley, FL, 33166
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!