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Property profile & analytics
OFF-MARKET
Estimated value
$54,500,000
Office buildings
9700 112th Ave Medley, FL 33178-1353
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-8655825
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
CONCRETE
Total area
145,352 SF
Lot
18.49 ac (805,523 SF)
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
30-3006-001-0143
UPID
US18-8655825
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
$54.50M
CAP Approach
CAP
$51.87M
Comparable Approach
Comparable
$61.25M
Blend (final)
Blend
$54.50M
Owner & transaction history
Prologis Exchange Fl 2004 LLC · 1 yrs held
Prologis Exchange Fl 2004 LLC
since 2024
Last sale
$54.5M
4 recorded transactions
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Medley, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$54,500,000
ML approach
$54,500,000
CAP Approach
CAP Return
Estimation
6%
$56,185,000
6.5%
$51,865,000
7%
$48,160,000
Blend value · Realmo final
$54.50M
Range $49.05M – $59.95M · ±10% · vs last sale $54.50M (Aug 15 2024)
Last sale anchor
$54.50M
Aug 15 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
$375 / 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
$377,929
Tax year 2023
Assessed value
$30,231,120
Assessed 2023
Previous assessed
$30,231,120
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$30,131,120
Assessed improvement
$100,000
Land market value
$30,131,120
Improvement market value
$100,000
Total market value
$30,231,120
Applied tax rate
3,000.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
145,352 SF
Lot
18.49 ac (805,523 SF)
Zoning code
7700:INDUSTRIAL,RESTRICT
APN
30-3006-001-0143
UPID
US18-8655825
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7700:INDUSTRIAL,RESTRICT · Medley, FL
Zoning 7700:INDUSTRIAL,RESTRICT · permitted uses
7700:INDUSTRIAL,RESTRICT · 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.
Building & site characteristics
From public records
Year built
2000
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
18.49 ac
Current owner
From public records · entity-resolved
Prologis Exchange Fl 2004 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1800 NW WAZEE ST STE #500, DENVER, CO 80202-2526
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2024
$54,500,000
Prologis Exchange Fl 2004 LLC
Tracfone Wireless INC
Special Warranty Deed
—
Mar 11, 2013
$19,100,000
Tf Property Holdings LLC
Fdg Flagler Station I LLC
Grant Deed
—
Dec 18, 2009
—
Fdg Deerwood North LLC
—
Deed Of Trust
related
$929,757,065 · Bank Of America
Nov 28, 2007
—
Fdg Flagler Station I LLC
Flagler Dev Co LLC
Quit Claim Deed
—
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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