Add Listing
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

    9915 116th Way Medley, FL 33178-1101

    • Manufacturing properties
    • 3,680 SF
    • 0.97 lot acres
    OFF-MARKET
    Value Estimations
    $955,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2588875
    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

    • Manufacturing properties

    Property Details for 9915 116th Way

    Year built
    1991
    Construction
    CONCRETE
    Lot size
    0.97 lot acres
    Property size
    3,680 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Manufacturing properties
    APN
    22-2032-005-0040
    APU
    2220320050040

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $885,000
      6.5%
      $815,000
      7%
      $755,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,320,000
      Market price range: $794k - $1.32M
      AI Estimate
      $1,221,000
      Market price range: $344k - $1.22M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,035,000
      Current use
      RETAIL STORES
      $1,505,000
      Change: +46% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,445,000
      Change: +40% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,045,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Medley
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.3586
    Latitude
    25.8776
    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
    $31,690
    $2,114,850
    $166,407
    $2,281,257
    -
    $2,114,850
    $166,407
    $2,281,257

    Comparable in this City

    • Value Estimation
      $3,505,000
      16,401 SF

      6301 87th Ave

      MANUFACTURING (LIGHT) • 16,401 SF
      6301 87th Ave, Miami, FL 33178-1626
      View Details
    • Value Estimation
      $24,550,000
      80,736 SF

      11200 107th St

      PROCESSING PLANT (CEMENT, GRAVEL) • 80,736 SF
      11200 107th St, Medley, FL 33178-3297
      View Details
    • Value Estimation
      $1,985,000
      12,825 SF

      11501 107th St Ste, Unit 104

      MANUFACTURING (LIGHT) • 12,825 SF
      11501 107th St Ste, Medley, FL 33178-3738
      View Details
    • Value Estimation
      $1,985,000
      12,825 SF

      11501 107th St Ste, Unit 105

      MANUFACTURING (LIGHT) • 12,825 SF
      11501 107th St Ste, Medley, FL 33178-3738
      View Details
    • Value Estimation
      $2,035,000
      13,168 SF

      11501 107th St Ste, Unit 106

      MANUFACTURING (LIGHT) • 13,168 SF
      11501 107th St Ste, Medley, FL 33178-3738
      View Details
    • Value Estimation
      $7,840,000
      25,782 SF

      11321 112th Ct

      MANUFACTURING (LIGHT) • 25,782 SF
      11321 112th Ct, Doral, FL 33178-2162
      View Details

    Similar Nearby for Sale

    • $1,750,000

      Medley Industrial Unit For Sale

      Tenant-occupied industrial unit with office space and warehouse area.
      12605 NW 115Th Ave, Medley, 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
    • $650,000

      Doral Warehouse with Private Offices

      Centrally located Doral warehouse suitable for industrial, storage, or office.
      5903 NW 102Nd Ave, Doral, FL 33178
      View Details
    • $1,400,000

      Doral Flex Warehouse For Sale

      Well-maintained flex warehouse in Doral with office and storage.
      11443 NW 34Th St, Doral, FL 33178
      View Details
    • $419,900

      Medley Warehouse Unit with Offices

      1,075 SF warehouse with offices in active industrial hub.
      10601 NW 122Nd St, Medley, FL 33178
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • Contact for pricing
      12,720 SF

      Medley Manufacturing Facility For Sale

      12,720 SF Industrial Building on 4.34 Acres
      10890 South River Dr, 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
    • $15,833 /Mo

      Doral Warehouse Space For Rent

      Warehouse space in Doral West, near major transportation routes.
      3450 NW 115Th Ave, Doral, FL 33178
      View Details
    • Contact for pricing
      11,200 SF

      Medley Warehouse Space Available

      Warehouse space for rent in Medley, Florida.
      11701 NW 102Nd Rd, 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.
    9915 116th Way
    Medley, FL 33178-1101
    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.
    Sign Up Successful!
    You now have access to more from Realmo!