Opa-locka Industrial Warehouse
For Sale
$1,400,000
14040 NW 19TH Ave, Opa Locka, FL 33054
Renovated 4,700 SF warehouse available for purchase.
Property Size4,700 SF
Lot Size0.15 Acres
Price / SF$297.87
Days on Market91
Property Features for 14040 NW 19TH Ave
General Information
Standard status
Active
Size
4,700 SF
Lot size
0.15 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$20,982
Building Details
Building Size
4,700 SF
Year Built
1958
Stories
1
Listing Agency:
(407) 737-9797
Listed By:
Mark Allen
(407) 737-9797
Source:
Elliman
Added: May 12
Changed: Aug 8
Last Checked: Aug 8 at 7:06AM
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 Mark Allen
Investment Insights
Based on property information with market context.
This South Florida industrial purchase opportunity features a 4,700 square foot building on a 650 square foot lot. The property is zoned for industrial office and warehouse use and includes a restroom. The owner has invested over $400,000 in updates and renovations, eliminating deferred maintenance and making the property ready for immediate occupancy. The property is also available for lease. The bike score is 38, indicating it is somewhat bikeable, the walk score is 29, indicating car-dependent, and the transit score is 35, indicating some transit options are available.
Key Highlights
- Great Location on Major Hwy
- Rustic and Ready
- Various types of businesses will fit
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
$76,673
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
5.48%
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%
$1,533,460
$1.5M
Cap Rate 7%
$1,095,329
$1.1M
Cap Rate 9%
$851,922
$851.9K
Market Conditions
NOI Build-Up for 4,700 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
$94.8K $20.16/SF
− Vacancy
−$4.5K −$0.97/SF
EGI
$90.2K $19.19/SF
− OpEx
−$13.5K −$2.88/SF
NOI
$76.7K $16.31/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
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%
$1,533,460
Cap Rate 7%
$1,095,329
Cap Rate 9%
$851,922
Alternative Uses
Best Use
Warehouse
$1.10M
$958.4K – $1.28M
NOI $76,673 @ 7.0% cap · market cap 5.48%
Second Best
Industrial
$902.0K
$789.3K – $1.05M
NOI $63,143 @ 7.0% cap · market cap 4.51%
Theoretical Best
Specialty Retail
$3.17M
$2.78M – $3.70M
NOI $222,077 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,057
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
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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- Shark Moving — 13760 nw 19th ave #8, opa-locka, fl 33054
Frequently Asked Questions
What type of property is this?
Warehouse - Renovated 4,700 SF warehouse available for purchase.
Where is this warehouse located?
The property is located at 14040 NW 19TH Ave Opa Locka, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit
