Two-Story Apartment
13380 Port Said Road Opa-Locka, Opa Locka, FL 33054
For Sale
$5,000,000
Fully occupied multifamily property with central HVAC and on-site parking.
Property Size17,905 SF
Days on Market222
Property Features for 13380 Port Said Road Opa-Locka
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Highway Access
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Trustpoint Realty, LLC.
Listed By:
Andres Villarreal · License FL #3606293
(754) 736-0335
Source:
Silverleafrealtygroup
Added: Apr 3
Changed: Nov 9
Last Checked: Nov 10 at 7:17PM
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.
Built in 1972, this fully occupied two-story apartment building contains all two-bedroom, one-bath units. The property includes central HVAC throughout and on-site parking, supporting a consistent residential configuration across the building.
The property is located at 13380 Port Said Road in Opa-Locka, within Miami-Dade County. It is positioned near I-95, the Florida Turnpike, and Opa Locka Executive Airport, providing access to major transportation routes and regional employment centers. The property is zoned multi-family and sits on an oversized lot.
The property is located at 13380 Port Said Road in Opa-Locka, within Miami-Dade County. It is positioned near I-95, the Florida Turnpike, and Opa Locka Executive Airport, providing access to major transportation routes and regional employment centers. The property is zoned multi-family and sits on an oversized lot.
Key Highlights
- All units are configured as two‑bedroom, one‑bath apartments
- Fully occupied apartment building
- Two‑story building constructed in 1972
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Yes
Highway access
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
$291,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Miami-Dade County, FL
Properties on Market for Apartment buildings in Miami-Dade County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with central HVAC and on-site parking.
Where is this apartment building located?
The property is located at 13380 Port Said Road Opa-Locka 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: All units are configured as two‑bedroom, one‑bath apartments; Fully occupied apartment building; Two‑story building constructed in 1972
