Renovated Industrial
For Sale
$1,400,000
14040 NW 19TH Avenue, Opa Locka, FL 33054
Commercial Sale, OPA LOCKA, FL
Property Size4,700 SF
Lot Size0.12 Acres
Price / SF$297.87
Days on Market114
Property Features for 14040 NW 19TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
7100
Subdivision
BARDOL SUB
Directions
Located in Opa Locka, Fl
Standard status
Active
APN
08-2122-017-0030
Size
4,700 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BARDOL SUB PB 62-76 LOT 3 BLK 1 LOT SIZE 5350 SQUARE FEET OR 20477-1669 0602 4
Tax Annual Amount
20983
Legal Description
BARDOL SUB PB 62-76 LOT 3 BLK 1 LOT SIZE 5350 SQUARE FEET OR 20477-1669 0602 4
Utilities
Cooling system
Central Air
Building Details
Year built
1958
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 28
Last Checked: Sep 2 at 6:06PM
MLS# O6407189
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.
The property at 14040 NW 19th Avenue includes a 4,700-square-foot warehouse building constructed in 1958. The facility has metal siding, a restroom, central air conditioning, and zoning identified as Industrial Office and Warehouse under code 7100.
Recent improvements include a new roof with a 20-year transferable warranty, new hurricane-rated windows, new 14-gauge garage doors, updated electrical and plumbing systems, HVAC work, gutters, interior and exterior painting, exterior lighting, and termite treatment. These upgrades address major building systems and provide a substantially updated industrial facility.
Recent improvements include a new roof with a 20-year transferable warranty, new hurricane-rated windows, new 14-gauge garage doors, updated electrical and plumbing systems, HVAC work, gutters, interior and exterior painting, exterior lighting, and termite treatment. These upgrades address major building systems and provide a substantially updated industrial facility.
Key Highlights
- 4,700 SF warehouse building at 14040 NW 19th Avenue
- Zoned Industrial Office and Warehouse; zoning code 7100
- New roof with 20‑Year Transferrable Warranty
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
Flex RnD
$984.6K
$861.5K – $1.15M
NOI $68,921 @ 7.0% cap · market cap 4.92%
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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Frequently Asked Questions
What type of property is this?
Warehouse - Updated industrial facility with warehouse space, restroom, and central air conditioning.
Where is this warehouse located?
The property is located at 14040 NW 19TH Avenue 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: 4,700 SF warehouse building at 14040 NW 19th Avenue; Zoned Industrial Office and Warehouse; zoning code 7100; New roof with 20‑Year Transferrable Warranty
