I-4 Industrial Warehouse
For Sale
$6,800,000
12960 Alexandria Dr Opa-Locka, Opa Locka, FL 33054
One-story industrial facility with a current automotive parts storage and sales use.
Property Size17,905 SF
Lot Size0.74 Acres
Price / SF$380.82
Days on Market53
Property Features for 12960 Alexandria Dr Opa-Locka
General Information
Standard status
Active
Size
17,905 SF
Lot size
0.74 Acres
Property subtype
Industrial
Zoning
I-4
Building Details
Building Size
17,905 SF
Year Built
1972
Buildings
1
Stories
1
Listing Agency:
Island Living Realty, LLC
Listed By:
Walfrido Lugo · License #3403097
(786) 403-3420
Source:
Relinkre
Added: Sep 15
Changed: Oct 31
Last Checked: Nov 4 at 8:38PM
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
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Investment Insights
Based on property information with market context.
This one-story industrial warehouse contains approximately 17,856 SF and was built in 1972. The property is currently used for the sale and storage of used automotive parts, providing an established industrial-use profile. The building occupies approximately 32,048 SF of land, equal to 0.736 acre.
Zoned I-4 Liberal Industrial, Storage and Salvage by the City of Opa-locka, the property may be acquired independently or combined with two adjoining I-4 parcels. The larger three-parcel configuration totals approximately 2.823 acres and retains the approximately 17,856 SF industrial building. Any buyer should independently confirm measurements, zoning, permitted uses, licenses, access, utilities, environmental conditions, and permit transferability.
Zoned I-4 Liberal Industrial, Storage and Salvage by the City of Opa-locka, the property may be acquired independently or combined with two adjoining I-4 parcels. The larger three-parcel configuration totals approximately 2.823 acres and retains the approximately 17,856 SF industrial building. Any buyer should independently confirm measurements, zoning, permitted uses, licenses, access, utilities, environmental conditions, and permit transferability.
Key Highlights
- Approximately 17,856 SF one‑story industrial building
- Approximately 32,048 SF site, or 0.736 acre
- I‑4 Liberal Industrial, Storage and Salvage zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$582,564
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
Well-served
Demand for This Use
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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
$291,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Opa Locka, FL
Properties on Market for Warehouses in Opa Locka
Vacancy Rate% for Industrial in South region
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 - One-story industrial facility with a current automotive parts storage and sales use.
Where is this warehouse located?
The property is located at 12960 Alexandria Dr Opa-Locka 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, or 0.736 acre; I‑4 Liberal Industrial, Storage and Salvage zoning
