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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9700 115th Way Medley, FL 33178-1106

    • Retail residential properties
    • 5,599 SF
    • 1.62 lot acres
    OFF-MARKET
    Last Sale
    Sep 18, 2020
    $2,255,000
    Value Estimations
    $2,500,000
    Show details
    Cap Rate Potential
    2.3%
    Retail residential properties
    Location Intelligence
    Property ID
    US18-3493337
    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

    • Retail residential properties

    Property Details for 9700 115th Way

    Year built
    2003
    Construction
    CONCRETE
    Lot size
    1.62 lot acres
    Property size
    5,599 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Retail residential properties
    APN
    22-2032-012-0010
    APU
    2220320120010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,887,000
      Market price range: $388k - $1.89M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,140,000
      Current use
      RESTAURANT
      $4,150,000
      Change: +0% Conversion: Difficult
      OFFICE BUILDING
      $3,820,000
      Change: -8% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,660,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Medley
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3558
    Latitude
    25.8771
    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
    $54,890
    $3,528,350
    $843,605
    $4,371,955
    -
    $3,528,350
    $843,605
    $4,371,955

    Comparable in this City

    • Value Estimation
      $3,895,000
      18,919 SF

      9905 116th Way

      STORES & APARTMENTS • 18,919 SF
      9905 116th Way, Medley, FL 33178-1112
      View Details
    • Value Estimation
      $11,560,000
      61,605 SF

      10395 41st St

      STORES & APARTMENTS • 61,605 SF
      10395 41st St, Doral, FL 33178-2302
      View Details
    • Value Estimation
      $11,090,000
      299,239 SF

      8700 36th St

      STORES & APARTMENTS • 299,239 SF
      8700 36th St, Doral, FL 33178-5014
      View Details
    • Value Estimation
      $10,470,000
      14,890 SF

      3887 107th Ave

      STORES & APARTMENTS • 14,890 SF
      3887 107th Ave, Doral, FL 33178-4351
      View Details
    • Value Estimation
      $7,880,000
      16,105 SF

      3655 107th Ave

      STORES & APARTMENTS • 16,105 SF
      3655 107th Ave, Doral, FL 33178-4327
      View Details
    • Value Estimation
      $7,160,000
      28,382 SF

      11710 Nws Riv Dr

      STORES & APARTMENTS • 28,382 SF
      11710 Nws Riv Dr, Medley, FL 33178-1170
      View Details

    Similar Nearby for Sale

    • $420,000
      1,045 SF

      Medley Mixed-Use Warehouse/Office

      Remodeled Warehouse, Office, & Parking
      10601 122Nd St, Medley, FL 33178
      View Details
    • Contact for pricing

      Mixed-Use Property in Doral, FL

      Multifamily and retail opportunity in a thriving Doral community.
      11150 NW 82Nd St, Miami, FL 33178
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    • Contact for pricing

      Multifamily Living with Retail Opportunity

      Multifamily property with retail space in a thriving Doral community.
      11150 Nw 82Nd St, Miami, FL 33178
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    • $8,100,000

      Doral Land: 6.98 Acres Prime Location

      Exceptional Doral investment; 6.98 acres, prime location.
      0 56Th St, Doral, FL 33178
      View Details
    • $975,000

      Doral Agricultural Land - Estate Sale

      10 Acres, Miami-Dade County, High Growth Potential
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    • $12,000,000

      Doral Vacant Land Opportunity

      8.9 acres of prime vacant land in Doral.
      118XX NW 56Th St NW 56, Doral, FL 33178
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    Similar Nearby for Lease

    • Contact for pricing
      156,165 SF

      Doral Square: Prime Retail Opportunity

      Mixed-use retail space, 156,165 SF available.
      0 Cor Of Doral Blvd, Doral, 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
    • $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
    • $0.01 SF/Yr
      58,000 SF

      Doral Retail Space: Prime Location

      58,000 SF Retail Space in Doral, FL
      8025 107Th Ave, Miami, FL 33178
      View Details
    • Contact for pricing
      126,432 SF

      Doral Retail Space: Prime Location

      High-traffic Doral retail space available.
      11402 41St St, 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
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    Medley, FL 33178-1106
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    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
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