Renovated Flex
For Sale
$1,200,000
14020 NW 19TH Avenue, Opa Locka, FL 33054
Commercial Sale, OPA LOCKA, FL
Property Size3,600 SF
Lot Size0.12 Acres
Price / SF$333.33
Days on Market139
Property Features for 14020 NW 19TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
7100
Subdivision
BARDOL
Directions
Located Opa Locka, Fl
Standard status
Active
APN
08-2122-017-0040
Size
3,600 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
22 52 41 BARDOL SUB PB 62-76 LOT 4 BLK 1 LOT SIZE 5350 SQUARE FEET OR 17168-4507 1195 4
Tax Annual Amount
16067
Legal Description
22 52 41 BARDOL SUB PB 62-76 LOT 4 BLK 1 LOT SIZE 5350 SQUARE FEET OR 17168-4507 1195 4
Utilities
Cooling system
Central Air
Building Details
Year built
1956
Floors in Building
1
Building materials
Metal Siding
Listing Agency:
COMMERCIAL REAL ESTATE PROF IN
Listed By:
Mark Allen
(407) 737-9797
Added: May 12
Changed: Aug 24
Last Checked: Sep 27 at 1:06PM
MLS# O6407160
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-space property contains a 3,600-square-foot building configured for industrial office and warehouse use. The building includes restroom facilities, metal siding, and central air conditioning. Originally constructed in 1956, it has undergone renovation and updating, including improvements to the roof, electrical system, plumbing, HVAC, windows, doors, lighting, and interior and exterior finishes.
The property is located in Opa-locka, Florida, within Miami-Dade County, and carries zoning code 7100. New hurricane-rated windows and new garage doors are among the documented upgrades. The building is also available for lease, providing flexibility for an owner-user or an occupant seeking industrial office and warehouse space.
The property is located in Opa-locka, Florida, within Miami-Dade County, and carries zoning code 7100. New hurricane-rated windows and new garage doors are among the documented upgrades. The building is also available for lease, providing flexibility for an owner-user or an occupant seeking industrial office and warehouse space.
Key Highlights
- 3,600‑square‑foot flex‑space building
- Industrial office and warehouse use
- Zoning code 7100
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
$103,275
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
8.61%
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%
$2,065,500
$2.1M
Cap Rate 7%
$1,475,357
$1.5M
Cap Rate 9%
$1,147,500
$1.1M
Market Conditions
NOI Build-Up for 3,600 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
$162.0K $45.00/SF
− Vacancy
−$24.3K −$6.75/SF
EGI
$137.7K $38.25/SF
− OpEx
−$34.4K −$9.56/SF
NOI
$103.3K $28.69/SF
Area
Miami, FL
Vacancy
15.00%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,065,500
Cap Rate 7%
$1,475,357
Cap Rate 9%
$1,147,500
Alternative Uses
Best Use
Office B
$1.48M
$1.29M – $1.72M
NOI $103,275 @ 7.0% cap · market cap 8.61%
Second Best
Warehouse
$839.0K
$734.1K – $978.8K
NOI $58,728 @ 7.0% cap · market cap 4.89%
Theoretical Best
Specialty Retail
$2.43M
$2.13M – $2.84M
NOI $170,102 @ 7.0% cap · market cap 14.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Nat's Catering Services — 1739 Opa-Locka Blvd, Opa-locka, FL 33054
- Adams Catering Inc — 14080 NW 22nd Ave A, Opa-locka, FL 33054
Frequently Asked Questions
What type of property is this?
Flex space - Updated industrial office and warehouse property with central air and restroom facilities.
Where is this flex space located?
The property is located at 14020 NW 19TH Avenue Opa Locka, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,600‑square‑foot flex‑space building; Industrial office and warehouse use; Zoning code 7100
