Industrial Office and Warehouse
For Sale
$1,400,000
14040 Nw 19th Avenue OPA LOCKA, Opa Locka, FL 33054
Industrial office and warehouse building with renovated interior and restroom, ready for immediate occupancy.
Property Size4,700 SF
Lot Size0.12 Acres
Price / SF$297.87
Days on Market48
Property Features for 14040 Nw 19th Avenue OPA LOCKA
General Information
Standard status
Active
Size
4,700 SF
Lot size
0.12 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
Listing Agency:
(904) 569-5862
Listed By:
Crystal Barling
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 7
Changed: Aug 23
Last Checked: Aug 23 at 2:28AM
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
Investment Insights
Based on property information with market context.
This offering features a 4,700 (+/-) SF industrial office and warehouse building on a 650 (+/-) SF lot, with a restroom in place. The owner has completed extensive updates and renovations intended to eliminate deferred maintenance, and the improvements are documented with detailed cost figures. Work includes brand new roofs with a 20-year transferrable warranty, electrical and plumbing upgrades (including new bathrooms and a new drain pump), HVAC/air conditioning, interior and exterior painting, new hurricane-rated windows and doors, exterior lighting, gutters, termite treatment, and miscellaneous repairs and updating expenses. The property also includes new 14-gauge garage doors and dumpsters as part of the renovation scope. Total stated renovation and updating costs exceed $400,000, supporting a turnkey operational readiness.
Located at 14040 NW 19th Avenue in Opa Locka, Florida, the property is offered for sale, with the opportunity for leasing also noted in the remarks. The information provided also references a multi-parcel portfolio purchase option, though this listing copy focuses on the 4,700 (+/-) SF building described for the subject address.
For tenants or owner-operators seeking a small-footprint industrial office/warehouse arrangement, the combination of warehouse space and on-site restroom service can support light industrial, storage, and business operations that benefit from dedicated enclosed working areas. With the renovation scope already completed, the property is positioned to be occupied without waiting for deferred capital work.
Located at 14040 NW 19th Avenue in Opa Locka, Florida, the property is offered for sale, with the opportunity for leasing also noted in the remarks. The information provided also references a multi-parcel portfolio purchase option, though this listing copy focuses on the 4,700 (+/-) SF building described for the subject address.
For tenants or owner-operators seeking a small-footprint industrial office/warehouse arrangement, the combination of warehouse space and on-site restroom service can support light industrial, storage, and business operations that benefit from dedicated enclosed working areas. With the renovation scope already completed, the property is positioned to be occupied without waiting for deferred capital work.
Key Highlights
- 4,700 (+/-) SF industrial office/warehouse building on a 0.12 (+/-) acre lot at 14040 NW 19th Avenue
- Zoned Industrial Office and Warehouse; 1‑story block foundation construction (Year built: 1958)
- Renovations include brand new roofs totaling $217,242.88 with a 20‑year transferable 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
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 building with renovated interior and restroom, ready for immediate occupancy.
Where is this flex space 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: 4,700 (+/-) SF industrial office/warehouse building on a 0.12 (+/-) acre lot at 14040 NW 19th Avenue; Zoned Industrial Office and Warehouse; 1‑story block foundation construction (Year built: 1958); Renovations include brand new roofs totaling $217,242.88 with a 20‑year transferable warranty
