Corner Unit Warehouse/Industrial
For Sale
Contact for pricing
13081 NW 43rd Ave # 1, Opa Locka, FL 33054
Warehouse/industrial space with office, near airport, excellent accessibility.
Property Size1,119 SF
Price / SF$397.68
Days on Market130
Property Features for 13081 NW 43rd Ave # 1
General Information
Standard status
Active
Size
1,119 SF
Total Parking Spaces
3
Property subtype
Industrial, Multifamily
Zoning
7300
Building Details
Year Built
1986
Stories
2
Listing Agency:
Luft Realty
Listed By:
Caroline Da Silva · License #3569699
Source:
Crexi
Added: Apr 18
Changed: Aug 14
Last Checked: Aug 14 at 12:32PM
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 Luft Realty
Investment Insights
Based on property information with market context.
This corner-unit property offers a combination of office and warehouse areas. The property is located off NW 42 Ave, providing accessibility and logistical convenience. Its location is minutes from the airport. The property is suitable for businesses seeking a location with transportation links and operational space. The property has a size of 1119 square feet and can be used as flex space, for industrial purposes, as a warehouse, for office units, as office space, or for other commercial real estate purposes.
Key Highlights
- Prime corner‑unit location offering exceptional visibility.
- Minutes from the airport, providing logistical convenience.
- Functional combination of office and warehouse space.
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
$16,409
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
3.69%
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%
$328,180
$328.2K
Cap Rate 7%
$234,414
$234.4K
Cap Rate 9%
$182,322
$182.3K
Market Conditions
NOI Build-Up for 1,119 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
$26.9K $24.00/SF
− Vacancy
−$1.6K −$1.44/SF
EGI
$25.2K $22.56/SF
− OpEx
−$8.8K −$7.90/SF
NOI
$16.4K $14.66/SF
Area
Miami, FL
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
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%
$328,180
Cap Rate 7%
$234,414
Cap Rate 9%
$182,322
Alternative Uses
Best Use
Flex RnD
$234.4K
$205.1K – $273.5K
NOI $16,409 @ 7.0% cap · market cap 3.69%
Second Best
Industrial
$214.8K
$187.9K – $250.6K
NOI $15,033 @ 7.0% cap · market cap 3.38%
Theoretical Best
Specialty Retail
$755.3K
$660.9K – $881.2K
NOI $52,873 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,014
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
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- Walkers First Class Catering — 3856 NW 125th St, Opa-locka, FL 33054
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse/industrial space with office, near airport, excellent accessibility.
Where is this flex space located?
The property is located at 13081 NW 43rd Ave # 1 Opa Locka, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Prime corner‑unit location offering exceptional visibility.; Minutes from the airport, providing logistical convenience.; Functional combination of office and warehouse space.
