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

    9851 106th St Medley, FL 33178-1238

    • Warehouses
    • 92,470 SF
    • 5.72 lot acres
    OFF-MARKET
    Value Estimations
    $1,700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4020334
    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

    • Victoria's Secret / Lingerie Store
    • Forward Air Solutions / Distribution Service / Freight Forwarding Service
    • US Logistics Solutions, Inc / Distribution Service / Trucking Company

    Property Details for 9851 106th St

    Year built
    1995
    Construction
    CONCRETE
    Lot size
    5.72 lot acres
    Property size
    92,470 SF
    Zone code
    7300:INDUSTRIAL,HVY MFG
    Property type
    Warehouses
    APN
    22-2032-009-0050
    APU
    2220320090050

    Description

    This exceptional 91,393-square-foot warehouse in Medley, Florida, offers a prime location in Miami-Dade County. Built in 1995, this single-story industrial property sits on a 5.72-acre lot and features 29 loading docks, two drive-ins, and 44 total parking spaces. The warehouse boasts a substantial 22-foot ceiling height and includes two office spaces totaling 6,296 square feet (Office A: 4,022 SF, Office B: 2,274 SF). The warehouse itself comprises 85,797 square feet, offering ample space for various industrial operations. The property also benefits from an established park with stable operating expenses and on-site security and property management. The building is equipped with an ESFR sprinkler system. Multiple configurations are available, including a 26,300 square foot option with 8 dock doors and a 61,772 square foot option with 20 dock doors. Lease rates are $18.15/SF plus $3.63/SF for operating expenses

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,700,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Medley
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.358
    Latitude
    25.8705
    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
    $174,015
    $11,210,400
    $1,902,600
    $13,113,000
    -
    $11,210,400
    $1,902,600
    $13,113,000

    Comparable in this City

    • Value Estimation by Request

      9753 91St Ct

      Distribution properties
      9753 91St Ct, Medley, FL 33178
      View Details
    • Value Estimation by Request

      12605 115Th Ave

      Distribution properties
      12605 115Th Ave, Miami, FL 33178
      View Details
    • Value Estimation by Request
      2,406 SF

      9831 58th St, Unit 126

      WAREHOUSE, STORAGE • 2,406 SF
      9831 58th St, Doral, FL 33178-2714
      View Details
    • Value Estimation
      $440,000
      6,592 SF

      10645 37th Ter

      WAREHOUSE, STORAGE • 6,592 SF
      10645 37th Ter, Doral, FL 33178-4207
      View Details
    • Value Estimation
      $645,000
      6,592 SF

      10485 37th Ter

      WAREHOUSE, STORAGE • 6,592 SF
      10485 37th Ter, Doral, FL 33178-4200
      View Details
    • Value Estimation
      $425,000
      6,592 SF

      10455 37th Ter

      WAREHOUSE, STORAGE • 6,592 SF
      10455 37th Ter, Doral, FL 33178-4200
      View Details

    Similar Nearby for Sale

    • $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
    • Contact for pricing
      1.00 Acre

      Medley Industrial Storage Lot

      One-acre Medley storage lot with office and convenient access.
      9140 NW 96Th St, Miami, FL 33178
      View Details
    • Contact for pricing

      Doral Office-Warehouse Double Unit

      2,240 sq ft office-warehouse in Doral's thriving commercial district.
      10171 And 7, Doral, FL 33178
      View Details
    • Contact for pricing

      Doral Office-Warehouse Unit For Sale

      2,651 sq. ft. Doral office-warehouse near major highways.
      10171 NW 58Th St, Miami, FL 33178
      View Details
    • $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

    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
    • $20 SF/Yr
      5,088 SF

      Medley Warehouse with Dock Doors

      5,088 SF warehouse with office and dock doors.
      8741 NW 102Nd Rd, Medley, FL 33178
      View Details
    • Contact for pricing
      50,359 SF

      Freestanding Warehouse with Truck Access

      Sublease warehouse space with dock doors and ample parking.
      11400 NW 34Th St, Doral, FL 33178
      View Details
    • $14 SF/Yr
      19,680 SF

      Medley Warehouse with Rail Access

      19,680 SF warehouse with dock and rail loading doors.
      9001-9021 NW 105Th Way, Medley, 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.
    9851 106th St
    Medley, FL 33178-1238
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.