Opa-locka Industrial Warehouse
For Sale
$1,400,000
14040 Nw 19th Avenue OPA LOCKA, 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 Market163
Property Features for 14040 Nw 19th Avenue OPA LOCKA
General Information
Standard status
Active
Size
4,700 SF
Lot size
0.15 Acres
Zoning
7100
Taxes and HOA fees
Annual Taxes
$20,982
Amenities
1
true
5350
0.12
false
Asphalt
Block
City Street
4700
Building Details
Building Size
4,700 SF
Year Built
1958
Buildings
1
Stories
1
Listed By:
Crystal Barling
(904) 569-5862
Source:
Movetojacksonville
Added: May 12
Changed: Oct 7
Last Checked: Oct 7 at 9:43AM
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 Crystal Barling
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$76,673
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Go Store It Self Storage - Opa Locka — 12940 NW 27th Ave, Opa-locka, FL 33054
- Shark Moving — 13760 nw 19th ave #8, opa-locka, fl 33054
- GLOBAL PARKING & STORAGE — 2111 NW 141st St, Opa-locka, FL 33054
- GS — 14851 NW 27th Ave, 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 Avenue OPA LOCKA 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
