Tenant-Occupied Industrial Flex
For Sale
$1,300,000
14060 NW 19TH Avenue, Opa Locka, FL 33054
COMMERCIAL - OPA LOCKA, FL
Property Size2,552 SF
Lot Size0.12 Acres
Price / SF$509.40
Days on Market94
Property Features for 14060 NW 19TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
7100
Subdivision
BARDOL
Directions
Located in Opa Locka, Fl industrial Park.
Standard status
Active
APN
08-2122-017-0020
Size
2,552 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
22 52 41 BARDOL SUB PB 62-76 LOT 2 BLK 1 LOT SIZE 5350 SQUARE FEET OR 20477-1668 0602 4 (2)
Tax Annual Amount
7565
Legal Description
22 52 41 BARDOL SUB PB 62-76 LOT 2 BLK 1 LOT SIZE 5350 SQUARE FEET OR 20477-1668 0602 4 (2)
Utilities
Cooling system
Central Air
Building Details
Year built
1960
Floors in Building
1
Building materials
Metal Siding
Listing Agency:
COMMERCIAL REAL ESTATE PROF IN
(407) 737-9797
Listed By:
Mark Allen
(407) 737-9797
Added: May 12
Changed: Aug 4
Last Checked: Aug 13 at 10:06AM
MLS# O6407137
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.
This tenant-occupied industrial flex property is available for sale and lease. The site includes land of 5,591 SF and a 2,552 SF building. The current tenant has a new 1-year lease that has been signed and runs through March 2027.
The property is located at 14060 NW 19th Avenue in Opa-locka, Florida, within Miami-Dade County. Public remarks indicate a NNN structure with monthly rent of $7,975 plus $1,059 for real estate taxes.
The offering includes both the land and the building under Parcel ID 08-2.
The property is located at 14060 NW 19th Avenue in Opa-locka, Florida, within Miami-Dade County. Public remarks indicate a NNN structure with monthly rent of $7,975 plus $1,059 for real estate taxes.
The offering includes both the land and the building under Parcel ID 08-2.
Key Highlights
- Industrial site at 14060 NW 19th Avenue, Opa‑locka, FL 33054
- Tenant occupied with a new 1‑year lease just signed through March 2027
- Lease terms: $7,975/month plus $1,059 real estate taxes on an NNN basis
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
$37,423
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
2.88%
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%
$748,460
$748.5K
Cap Rate 7%
$534,614
$534.6K
Cap Rate 9%
$415,811
$415.8K
Market Conditions
NOI Build-Up for 2,552 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
$61.2K $24.00/SF
− Vacancy
−$3.7K −$1.44/SF
EGI
$57.6K $22.56/SF
− OpEx
−$20.2K −$7.90/SF
NOI
$37.4K $14.66/SF
Area
Miami, FL
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
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%
$748,460
Cap Rate 7%
$534,614
Cap Rate 9%
$415,811
Alternative Uses
Best Use
Flex RnD
$534.6K
$467.8K – $623.7K
NOI $37,423 @ 7.0% cap · market cap 2.88%
Second Best
Industrial
$489.8K
$428.6K – $571.4K
NOI $34,285 @ 7.0% cap · market cap 2.64%
Theoretical Best
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,583 @ 7.0% cap · market cap 9.28%
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 flex building on a 5,591 SF land parcel with 2,552 SF of space under a lease through March 2027.
Where is this flex space located?
The property is located at 14060 NW 19TH Avenue Opa Locka, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Industrial site at 14060 NW 19th Avenue, Opa‑locka, FL 33054; Tenant occupied with a new 1‑year lease just signed through March 2027; Lease terms: $7,975/month plus $1,059 real estate taxes on an NNN basis
