Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Opa-locka Industrial Land Available Title is generated by Realmo AI

    12720 Alexandria Dr, Opa Locka, FL 33054

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.331 acre industrial land for sale in Opa-locka.

    Type:Land
    Lot size:
    1.33 Acres
    Added:
    Jun 24, 2024
    Days on Market:
    688
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 12720 Alexandria Dr

    General Information

    Standard status
    Active
    Lot size
    1.33 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jamie Posner
    Jamie Posner

    Listing agent Jamie Posner License #FL SL3428821

    Listing office eXp Realty - Jamie Posner - Pro

    Listing date Jun 24, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty - Jamie Posner - Pro

    HighLights

    • 1.331 Acre Lot Zoned I‑4 Intensive Use
    • Suitable for Waste Transfer/Auto Salvage/Outdoor Storage
    • Potential for Future Re‑Development
    • Permitted for Boat/RV/Equipment Storage
    • Fenced and Secured Property
    • Office with Power and City Water

    Overview

    This property features approximately 1.331 acres, equivalent to roughly 58,000 square feet, and is zoned I-4 intensive use. Permitted uses include waste transfer, auto salvage, outdoor storage, future re-development, boat and RV storage, equipment storage, and cement manufacturing millings. The lot is fenced and secured and includes an office, power, and city water.
    Location Intelligence

    Current Use by Public Records

    Lima King Auto Parts Store Pablo Parts Corporation Auto Parts Store pablo truck junkyard Big Box & Wholesale Store Rastros yumper Miami Auto Parts Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Opa Locka
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.254629
    Latitude
    25.890713

    Nearby Similar for Sale

    • $1,174,750
      3,600 SF

      Opa Locka Industrial Purchase Opportunity

      3,600 SF industrial building on 0.12-acre lot for sale.
      14020 NW 19TH AVENUE, OPA LOCKA, FL 33054
      View Details
    • $9,750,000
      46,986 SF

      Opa-Locka Multi-Tenant Industrial Warehouse

      46,986 SF industrial warehouse on 1.38 AC lot.
      2275 NW 150th St, Opa-Locka, FL 33054
      View Details
    • $695,000
      3,490 SF

      Opa-Locka Fourplex Investment Opportunity

      Value-add fourplex in Opa-Locka with income growth potential.
      2013 Washington Ave, Opa-Locka, FL 33054
      View Details
    • $695,000

      Opa-Locka Multifamily Investment Opportunity

      Multifamily property with value-add potential in Opa-Locka, Florida.
      2013 Washington Ave, Opa-Locka, FL 33054
      View Details
    • $800,000
      2,815 SF

      Opa-Locka Fourplex Investment Opportunity

      Value-add fourplex with single-family home in Opa-Locka, Florida.
      1940 Ali Baba Ave, Opa-Locka, FL 33054
      View Details
    • $5,000,000

      Opa-Locka Multifamily Investment Opportunity

      Fully occupied building with value-add upside in Opa Locka.
      13380 Port Said Rd, Opa-Locka, FL 33054
      View Details
    • $1,570,000

      Opa-Locka Multi-Family Development Opportunity

      1.1054 acre commercial lot, ideal for multi-family development.
      13265 Alexandria Dr, Opa-Locka, FL 33054
      View Details
    • $800,000

      Opa-Locka Multifamily Investment Opportunity

      Multifamily property in Opa-Locka, great potential to increase income.
      1940 Ali Baba Ave, Opa-Locka, FL 33054
      View Details
    • $450,000

      Opa-Locka Commercial Land Opportunity

      Prime land in high-traffic area, ideal for commercial development.
      15015 NW 22nd Ave, Opa-Locka, FL 33054
      View Details
    • $60,000

      Turnkey Restaurant with Rental Income

      Profitable take-out restaurant with additional income streams in Opa-Locka.
      Opa-Locka, FL 33054
      View Details
    • $3,200,000

      Opa-Locka Development Opportunity

      Unimproved parcel with site plan approvals, ready for development.
      Opa-Locka, FL 33054
      View Details
    • $2,820
      1,470 SF

      Hialeah Industrial Warehouse For Sale

      Industrial warehouse in Hialeah, suitable for various commercial uses.
      12450 NW 38th Ave A12450, Opa-locka, FL 33054
      View Details

    FAQs

    What type of property is this?
    Industrial land - 1.331 acre industrial land for sale in Opa-locka.
    Where is this industrial land located?
    The property is located at 12720 Alexandria Dr Opa Locka, FL.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: 1.331 Acre Lot Zoned I‑4 Intensive Use; Suitable for Waste Transfer/Auto Salvage/Outdoor Storage; Potential for Future Re‑Development
    (561) 221-7740 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jamie Posner
    Jamie Posner
    Real Estate License ID: FL SL3428821
    Learn More
    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.
    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

    Thank You for Inquiry
    12720 Alexandria Dr, Opa-locka, FL 33054
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!