One-Story Industrial
New
For Sale
$6,800,000
12960 Alexandria Dr, Opa Locka, FL 33054
I-4 Liberal Industrial zoning supports storage, salvage, and related industrial operations, subject to applicable approvals.
Property Size17,856 SF
Lot Size0.74 Acres
Price / SF$380.82
Days on Market2
Property Features for 12960 Alexandria Dr
General Information
Standard status
Active
Size
17,856 SF
Lot size
0.74 Acres
Property subtype
Industrial
Zoning
I-4
Amenities
Square Feet: 32048
Parcel Number: 08-21-28-007-0211, Tax Legal Description: 28 29 52 41 .74 AC M/L PB 38-56 REV PLAT NILE GARDENS SEC 1 N100FT OF S1068.51FT TRACT 303 FKA LOTS 61 THRU 64 PB 38-56 LOT SIZE 32048 SQ FT
Business Type: Industrial, Office/Warehouse Combination, Special Listing Conditions: Sale, Standard Status: Active
Year Built: 1972, Building Area Total: 17905, Structure Type: Office/Warehouse Combination, Industrial
County Or Parish: Miami-Dade County
Leasable Area Units: Square Feet
Inclusions: Building & Land
Road Frontage Type: City Street
Features: Smoke Detector(s)
Building Details
Year Built
1972
Buildings
1
Stories
1
Building Size
17,856 SF
Listing Agency:
Island Living Realty, LLC
(786) 360-8880
Listed By:
Walfrido Lugo · License #A11955720
(786) 403-3420
Source:
Riserealty
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 16 at 2:11PM
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 Island Living Realty, LLC
Investment Insights
Based on property information with market context.
This one-story industrial warehouse contains approximately 17,856 SF on approximately 32,048 SF, or 0.736 acre. The property is currently used for the sale and storage of used automotive parts, with the building dating to 1972. Its I-4 Liberal Industrial, Storage and Salvage zoning is established by the City of Opa-locka.
The property may be acquired individually or combined with two adjoining I-4 parcels. Together, the three-folio assemblage totals approximately 2.823 acres and includes the approximately 17,856 SF industrial building. Measurements, permitted uses, access, utilities, environmental condition, and license or permit matters should be independently verified.
The property may be acquired individually or combined with two adjoining I-4 parcels. Together, the three-folio assemblage totals approximately 2.823 acres and includes the approximately 17,856 SF industrial building. Measurements, permitted uses, access, utilities, environmental condition, and license or permit matters should be independently verified.
Key Highlights
- Approximately 17,856 SF one‑story industrial building
- Approximately 32,048 SF site, equal to 0.736 acre
- I‑4 Liberal Industrial, Storage and Salvage zoning
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
$582,564
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
8.57%
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%
$11,651,280
$11.7M
Cap Rate 7%
$8,322,343
$8.3M
Cap Rate 9%
$6,472,933
$6.5M
Market Conditions
NOI Build-Up for 17,856 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
$927.8K $51.96/SF
− Vacancy
−$95.6K −$5.35/SF
EGI
$832.2K $46.61/SF
− OpEx
−$249.7K −$13.98/SF
NOI
$582.6K $32.63/SF
Area
Miami, FL
Vacancy
10.30%
Lease Rate
$51.96 /SF/Yr
Expense Ratio
30.00%
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%
$11,651,280
Cap Rate 7%
$8,322,343
Cap Rate 9%
$6,472,933
Alternative Uses
Best Use
Retail
$8.32M
$7.28M – $9.71M
NOI $582,564 @ 7.0% cap · market cap 8.57%
Second Best
Warehouse
$4.16M
$3.64M – $4.85M
NOI $291,293 @ 7.0% cap · market cap 4.28%
Theoretical Best
Specialty Retail
$12.05M
$10.55M – $14.06M
NOI $843,704 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
992
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Iron Mountain Info Management Inc — 2925 NW 120th Terrace, Miami, FL 33167
- Safeguard Self Storage — 12000 NW 27th Ave, Miami, FL 33167
- Iron Mountain — 12300 NW 32nd Ave, Miami, FL 33167
- DGD Yard — FL 34945, 12905 NW 32nd Ave, Opa-locka, FL 33054
- www.911shred.com — 13200 NW 38th Ct, Opa-locka, FL 33054
Frequently Asked Questions
What type of property is this?
Warehouse - I-4 Liberal Industrial zoning supports storage, salvage, and related industrial operations, subject to applicable approvals.
Where is this warehouse located?
The property is located at 12960 Alexandria Dr Opa Locka, FL.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: Approximately 17,856 SF one‑story industrial building; Approximately 32,048 SF site, equal to 0.736 acre; I‑4 Liberal Industrial, Storage and Salvage zoning
