The Commercial Real Estate with an Address of 9875 NW 115 Way, Medley, FL 33178 Sold On May 31, 2016

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The above birdseye aerial view and current traffic map are created using the address recorded with the county property appraiser for the folio entered for this listing. It is provided on a best efforts basis only and is not guaranteed.

This is a news story only, not a listing.

It has been officially reported that the property located at 9875 NW 115 Way in Medley within zip code 33178 and with the folio number 22-0320-008-0050 sold on May 31, 2016. The sale type was recorded as "Not exposed to open-market; atypical motivation." Selling prices that have been recorded with the property appraiser frequently do not represent the whole story; thus full transaction details should be confirmed with the parties. Specific information about the buyer and seller in this transaction may be found by navigating to our property appraiser links for this property, clicking through on the link to "Main Page with Lot Outline, Aerial Views," then clicking through on the applicable sale on the date May 31, 2016 and with an amount of $2,700,000.00 about two thirds down the page, under the heading "Sales Information."

When considering this 9875 NW 115 Way property sale one should consider other properties within its zip code 33178, some of which are currently for sale in this same zip code, as well as off-market listings in the area. Information on prior sales of area properties as well as current listings can be useful to gauge area pricing, but are not perfectly reliable. Current zip code 33178 demographics information, with a dizzying array of charts, can be informative, as can the Zip Code 33178 Commercial Property Investment Profile page, displaying metrics on sales trends, turnover, and more. Demographics for Medley, the South Florida city in which the property is located, may also be worth reviewing.

Commercial properties that are currently listed in zip code 33178 can also give a representation of current market value, although it should be noted that actual selling prices are a better indicator as an asking price for any property is only that, an asking price. It can also prove insightful to view other commercial property holdings of and other information related to the property's recent ownership . Finally, a review of nearby businesses and resources and area traffic levels can be insightful, allowing the prospective buyer to quickly get a feel for area commerce and resources.

A birdseye view of the property is displayed above and a street map of the location is below. Additional information on this property, including other sales transactions amounts and links directly to pages for this property at the Miami-Dade County Property Appraiser website, can be found at this site's information page for this property. Note that the above birdseye aerial view and map herein were generated using the address recorded with the county property appraiser for the folio entered for this listing and that they are provided on a best efforts basis only and are not guaranteed.

Update: This 9875 NW 115 Way property in Medley within the zip code 33178 in Florida has subsequently been reported by the Miami-Dade Property Appraiser to have 4,800 adjusted square feet of building that was built in 2006 showing an effective year built (also) of 2006. This 4,800 square footage (adjusted) of building put it in the 2,500 to 5,000 square feet range. Possessing 35,240 square feet, one might set it in the 30,000 to 40,000 square feet lot size range. Further, again on a date after the sale, the property is referenced by Miami-Dade county as zoned 7100 - INDUSTRIAL - LIGHT MFG with a land use of 4937 - OPEN STORAGE : WAREHOUSE OR STORAGE. This Miami-Dade reference for zoning is believed to translate into M-1 zoning in Medley, Florida, information about which may be found here. Any such (M-1 zoned properties) in may be found here. Note that since this was reported subsequent to the sale, it is possible these were different at the time of the sale. Also, commercial properties have been listed for sale near this one, including 4005 NW 114th Ave, 6341 NW 99th Ave 38, 6350 NW 99th Ave 6350, and others.

NOTE: This is a commercial real estate sales new story only - NOT a listing - about the May 31, 2016 sale of the commercial real estate property with Miami-Dade folio number 22-0320-008-0050 (2220320080050 without the dashes) and an address of 9875 NW 115 Way in Medley, Florida 33178.