Opa-locka Industrial Warehouse For
For Sale
$500,000
13443 NW 47th Ave 10, Opa Locka, FL 33054
1,348 SF industrial warehouse with prime visibility in Opa-locka.
Property Size1,348 SF
Price / SF$370.92
Days on Market123
Property Features for 13443 NW 47th Ave 10
General Information
Standard status
Active
Size
1,348 SF
Building Details
Year Built
2006
Listing Agency:
Daniel S Whitebook R.E Broker
(305) 494-4738
Listed By:
Daniel Whitebook
Source:
Mymiahomes
Added: Apr 24
Changed: Aug 23
Last Checked: Aug 23 at 10:36AM
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 Daniel S Whitebook R.E Broker
Investment Insights
Based on property information with market context.
This 1,348 square foot industrial warehouse is strategically positioned on 135th Street in Opa-locka, Florida. The unit is located directly across from the Opa-locka Executive Airport, offering convenience for aviation-related businesses or logistics operations. The property benefits from high visibility and accessibility to major transportation routes. This property is suitable for an owner-user or an investor seeking a value-add opportunity within a high-demand industrial area. The location features high traffic counts within a rapidly growing submarket. The bike score is 43, indicating it is somewhat bikeable. The walk score is 20, indicating car dependence. The transit score is 34, indicating some transit options are available.
Key Highlights
- Prime location directly across from Opa‑locka Executive Airport.
- High visibility on 135th St with easy access to major transport routes.
- 1,348 SF industrial warehouse suitable for owner‑users or investors.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,991
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$439,820
$439.8K
Cap Rate 7%
$314,157
$314.2K
Cap Rate 9%
$244,344
$244.3K
Market Conditions
NOI Build-Up for 1,348 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.2K $20.16/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$25.9K $19.19/SF
− OpEx
−$3.9K −$2.88/SF
NOI
$22.0K $16.31/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$439,820
Cap Rate 7%
$314,157
Cap Rate 9%
$244,344
Alternative Uses
Best Use
Warehouse
$314.2K
$274.9K – $366.5K
NOI $21,991 @ 7.0% cap · market cap 4.40%
Second Best
Industrial
$258.7K
$226.4K – $301.8K
NOI $18,110 @ 7.0% cap · market cap 3.62%
Theoretical Best
Specialty Retail
$909.9K
$796.2K – $1.06M
NOI $63,694 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33054, FL
30,352
Population
10,263
Households
3
Avg Household Size
37
Median Age
10%
College-Educated
75%
High-School Grad
8.4 sq mi
ZIP Area
3,613
Density / Sq Mi
$42,779
Median Household Income
$31,147
Median Earnings
$1,346
Median Rent
$291,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- www.911shred.com — 13200 NW 38th Ct, Opa-locka, FL 33054
- Overdrive Miami — 4705 NW 132nd St, Miami, FL 33054
- Quantum Storage Systems — 4820 NW 128th St, Opa-locka, FL 33054
Frequently Asked Questions
What type of property is this?
Warehouse - 1,348 SF industrial warehouse with prime visibility in Opa-locka.
Where is this warehouse located?
The property is located at 13443 NW 47th Ave 10 Opa Locka, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Prime location directly across from Opa‑locka Executive Airport.; High visibility on 135th St with easy access to major transport routes.; 1,348 SF industrial warehouse suitable for owner‑users or investors.
