Small-Bay Warehouse Condominium
New
For Sale
$3,500,000
14663 NW 27th Ave, Opa Locka, FL 33054
Fifteen units provide approximately 22,842 rentable square feet along NW 27th Avenue in Opa-locka.
Property Size22,842 SF
Price / SF$153.23
Days on Market3
Property Features for 14663 NW 27th Ave
General Information
Standard status
Active
Size
22,842 SF
Property subtype
Warehouse
Zoning
Light Industrial
Additional Details
Cap Rate
4.36%
Highway Access
Yes
Amenities
Product Scarcity: Small-bay industrial properties are in critically short supply across Miami-Dade County.
Tenant Versatility: Small-bay properties easily accommodate e-commerce distributors, local service providers, trade contractors, or light manufacturing tenants.
Lower Vacancy Risk: Small-bay spaces sustain exceptionally high occupancy levels because they offer an affordable price point for small businesses.
Highway Ingress/Egress: The asset sits right along NW 27th Avenue, less than a mile south of the Palmetto Expressway (SR 826).
Logistics Network Access: Fast connections to Interstate 95, Florida's Turnpike, and the Golden Glades Interchange ensure frictionless transport.
Hub Proximity: The central location places businesses within immediate striking distance of both Miami International Airport and the Opa-locka Executive Airport.
Zoning Versatility: Governed under Miami-Dade Light Industrial zoning, the asset legally supports a broad spectrum of commercial uses.
Strong Market Tailwinds: Tight containment of industrial land boundaries across the Miami metropolitan statistical area (MSA) fosters reliable, long-term rental growth and capital appreciation.
Building Details
Building Size
22,842 SF
Year Built
1971
Listing Agency:
(954) 245-3431
Listed By:
Jason Yukins · License #License(s): FL: SL 3197591
(954) 245-3431
Source:
Marcusmillichap
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 4 at 2:52AM
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 Jason Yukins
Investment Insights
Based on property information with market context.
This offering includes 15 warehouse condominium units within a 22-unit small-bay industrial property, totaling approximately 22,842 rentable square feet. Built in 1971, the asset is configured for commercial users requiring warehouse space and is governed by Miami-Dade County’s Light Industrial zoning framework. Supported uses identified for the property include wholesaling, assembly, automotive services, and mechanical operations.
The property fronts NW 27th Avenue in Opa-locka, less than one mile south of the Palmetto Expressway (SR 826). That connection provides access to Interstate 95, Florida’s Turnpike, and the Golden Glades Interchange. Opa-locka Executive Airport and Miami International Airport are also identified as nearby transportation resources, supporting local and international distribution requirements.
The property fronts NW 27th Avenue in Opa-locka, less than one mile south of the Palmetto Expressway (SR 826). That connection provides access to Interstate 95, Florida’s Turnpike, and the Golden Glades Interchange. Opa-locka Executive Airport and Miami International Airport are also identified as nearby transportation resources, supporting local and international distribution requirements.
Key Highlights
- 15 of 22 warehouse condominium units offered for sale
- Approximately 22,842 rentable square feet
- Frontage on NW 27th Avenue in Opa‑locka
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $460.5k | $20.16 |
| − Vacancy | −$22.1k | −$0.97 |
| EGI | $438.4k | $19.19 |
| − OpEx | −$131.5k | −$5.76 |
| NOI | $306.9k | $13.43 |
22,842 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$5.32M
$4.66M – $6.21M
NOI $372,632 @ 7.0% cap · market cap 10.65%
Second Best
Flex RnD
$4.79M
$4.19M – $5.58M
NOI $334,955 @ 7.0% cap · market cap 9.57%
Theoretical Best
Specialty Retail
$15.42M
$13.49M – $17.99M
NOI $1,079,295 @ 7.0% cap · market cap 30.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,221
Businesses Nearby
Balanced
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
Properties on Market for Warehouses in Miami-Dade County
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Fifteen units provide approximately 22,842 rentable square feet along NW 27th Avenue in Opa-locka.
Where is this warehouse located?
The property is located at 14663 NW 27th Ave Opa Locka, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 15 of 22 warehouse condominium units offered for sale; Approximately 22,842 rentable square feet; Frontage on NW 27th Avenue in Opa‑locka
