Opa-locka Industrial Site
For Sale
$1,300,000
14060 NW 19TH AVENUE, Opa Locka, FL 33054
Tenant-occupied industrial site for sale in Opa-locka, Florida.
Property Size2,552 SF
Lot Size0.13 Acres
Price / SF$509.40
Days on Market105
Property Features for 14060 NW 19TH AVENUE
General Information
Standard status
Active
Size
2,552 SF
Lot size
0.13 Acres
Property subtype
Commercial
Zoning
7100
Taxes and HOA fees
Annual Taxes
$7,564
Building Details
Building Size
2,552 SF
Year Built
1960
Listing Agency:
COMMERCIAL REAL ESTATE PROF IN
(407) 737-9797
Listed By:
Mark Allen
(407) 737-9797
Source:
Mbifloridarealty
Added: May 12
Changed: Aug 23
Last Checked: Aug 23 at 7:06AM
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.
This industrial site, located at 14060 NW 19th Avenue, Opa-locka, Florida 33054, is available for sale and lease. The property includes two parcels with IDs 08-2122-017-0010 (land) and 08-2122-017-0020 (building). The land area is 5,591 square feet, and the building size is 2,552 square feet. The property is currently tenant-occupied under a new one-year lease signed through March 2027, generating a monthly income of $7,975 plus $1,059 for real estate taxes on a NNN basis. The tenant is interested in a long-term lease. The bike score is 38, indicating it is somewhat bikeable. The walk score is 29, signifying car-dependent accessibility, and the transit score is 35, suggesting some transit options are available.
Key Highlights
- Tenant occupied with a new 1‑year lease signed through March 2027.
- $7,975 monthly rent plus $1,059 for real estate taxes (NNN).**
- Tenant desires a long‑term lease.
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
$41,632
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
3.20%
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%
$832,640
$832.6K
Cap Rate 7%
$594,743
$594.7K
Cap Rate 9%
$462,578
$462.6K
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
$51.4K $20.16/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$49.0K $19.19/SF
− OpEx
−$7.3K −$2.88/SF
NOI
$41.6K $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%
$832,640
Cap Rate 7%
$594,743
Cap Rate 9%
$462,578
Alternative Uses
Best Use
Warehouse
$594.7K
$520.4K – $693.9K
NOI $41,632 @ 7.0% cap · market cap 3.20%
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
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 - Tenant-occupied industrial site for sale in Opa-locka, Florida.
Where is this warehouse 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: Tenant occupied with a new 1‑year lease signed through March 2027.; $7,975 monthly rent plus $1,059 for real estate taxes (NNN).**; Tenant desires a long‑term lease.
