Opa Locka Multifamily
For Sale
$5,000,000
13380 Port Said Rd, Opa Locka, FL 33054
Fully occupied building with value-add upside in Opa Locka.
Property Size17,905 SF
Price / SF$279.25
Days on Market186
Property Features for 13380 Port Said Rd
General Information
Standard status
Active
Size
17,905 SF
Building Details
Year Built
1972
Listing Agency:
Trustpoint Realty, LLC.
Listed By:
Andres Villarreal · License #3606293
(305) 200-0348
Source:
Mymiahomes
Added: Apr 15
Changed: Oct 14
Last Checked: Oct 7 at 3:04PM
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 Trustpoint Realty, LLC.
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Investment Insights
Based on property information with market context.
This multifamily property is located in Opa Locka, Miami-Dade County. The fully occupied, two-story building features two-bedroom, one-bath units. Current rents are below market value, offering a value-add opportunity. The property has in-place income with rent growth potential as leases turn over. It is zoned multi-family and situated on an oversized lot with visibility and access. The building includes on-site parking and central HVAC. The property is located near I-95, the Florida Turnpike, and Opa Locka Executive Airport, providing access to employment centers across Miami-Dade. The surrounding area has a high-demand rental population with strong occupancy. It is suitable for investors seeking cash flow with upside through market rent achievement. Pro forma projections show NOI growth over a 10-year hold.
Key Highlights
- Fully occupied building with below‑market rents offering immediate value‑add upside.
- Strong in‑place income with significant rent growth potential.
- Oversized lot with excellent visibility and access** in a high‑demand rental area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$330,766
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,615,320
$6.6M
Cap Rate 7%
$4,725,229
$4.7M
Cap Rate 9%
$3,675,178
$3.7M
Market Conditions
NOI Build-Up for 17,905 SF
Gross rent
$644.6K $36.00/SF
− Vacancy
−$43.2K −$2.41/SF
EGI
$601.4K $33.59/SF
− OpEx
−$270.6K −$15.11/SF
NOI
$330.8K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,615,320
Cap Rate 7%
$4,725,229
Cap Rate 9%
$3,675,178
Alternative Uses
Best Use
Apartment 5plus
$4.73M
$4.13M – $5.51M
NOI $330,766 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.09M
$10.58M – $14.10M
NOI $846,019 @ 7.0% cap · market cap 16.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied building with value-add upside in Opa Locka.
Where is this apartment building located?
The property is located at 13380 Port Said Rd Opa Locka, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Fully occupied building with below‑market rents offering immediate value‑add upside.; Strong in‑place income with significant rent growth potential.; Oversized lot with excellent visibility and access** in a high‑demand rental area.
