Warehouse and Office Flex
For Sale
$1,400,000
14040 Nw 19th Ave, Opa Locka, FL 33054
Industrial office and warehouse space, renovated with new roofs, electrical, plumbing, and HVAC for immediate occupancy.
Property Size4,700 SF
Lot Size0.73 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
0.73 Acres
Zoning
Industrial
Listing Agency:
COMMERCIAL REAL ESTATE PROF IN
(407) 737-9797
Listed By:
Mark Allen
(407) 737-9797
Source:
Exprealty
Added: May 12
Changed: Jul 10
Last Checked: Aug 9 at 11:49AM
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 COMMERCIAL REAL ESTATE PROF IN
Investment Insights
Based on property information with market context.
The property features a warehouse and office flex configuration with restroom facilities. A 4,700 (+/-) SF building sits on a 6,500 (+/-) SF lot and is zoned for Industrial Office and Warehouse uses. The owner has completed extensive updates and renovations intended to eliminate deferred maintenance, including brand new roofs with a 20-year transferrable warranty, electrical improvements, and plumbing upgrades with new bathrooms and a new drain pump. Additional work includes HVAC and air conditioning, hurricane-rated windows and exterior door/window replacements, updated interior and exterior painting, exterior lighting, termite treatment, and multiple exterior and miscellaneous repairs. The building also includes new 14-gauge garage doors and related site items such as gutters and dumpsters.
The offering is presented as an industrial purchase opportunity in South Florida. The sale materials also reference an entire portfolio purchase consisting of multiple parcels, along with total renovation costs across the group.
For tenants or operators seeking an industrial office/warehouse setup, the combination of warehouse space with an office component and restrooms supports everyday operational needs. The renovation scope—particularly roof, mechanical, electrical, plumbing, and garage door updates—helps position the property for near-term move-in readiness.
The offering is presented as an industrial purchase opportunity in South Florida. The sale materials also reference an entire portfolio purchase consisting of multiple parcels, along with total renovation costs across the group.
For tenants or operators seeking an industrial office/warehouse setup, the combination of warehouse space with an office component and restrooms supports everyday operational needs. The renovation scope—particularly roof, mechanical, electrical, plumbing, and garage door updates—helps position the property for near-term move-in readiness.
Key Highlights
- 4,700(+-) SF industrial office and warehouse building on a 650(+-) SF lot
- Zoned Industrial Office and Warehouse
- Renovated with over $400,000 spent on updates including brand new roofs, electrical, plumbing, and HVAC
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
Office B
$1.93M
$1.69M – $2.25M
NOI $134,831 @ 7.0% cap · market cap 9.63%
Second Best
Warehouse
$1.10M
$958.4K – $1.28M
NOI $76,673 @ 7.0% cap · market cap 5.48%
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
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Adams Catering Inc — 14080 NW 22nd Ave A, Opa-locka, FL 33054
- Nat's Catering Services — 1739 Opa-Locka Blvd, Opa-locka, FL 33054
Frequently Asked Questions
What type of property is this?
Flex space - Industrial office and warehouse space, renovated with new roofs, electrical, plumbing, and HVAC for immediate occupancy.
Where is this flex space 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: 4,700(+-) SF industrial office and warehouse building on a 650(+-) SF lot; Zoned Industrial Office and Warehouse; Renovated with over $400,000 spent on updates including brand new roofs, electrical, plumbing, and HVAC
