Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2013 Washington Ave Opa Locka, FL 33054

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $725,000

    Multifamily property with value-add potential in Opa-locka, Florida.

    Type:Commercial
    Lot size:
    0.17 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    11
    Last Refresh:
    Mar 10 at 9:25 am

    Property Features for 2013 Washington Ave

    General Information

    Standard status
    Active
    Lot size
    0.17 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1959

    We can help!

    Listing Contact
    Nicole Alvarez

    Listing agent Nicole Alvarez

    Listing office

    Listing date Mar 24, 2026

    Source Elliman

    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 Nicole Alvarez

    Overview

    Multifamily Investment Opportunity

    This multifamily property presents a value-add investment opportunity. The property comprises six units: five units with one bedroom and one bathroom each, and one unit with two bedrooms and one bathroom. There is potential to increase rental income, as the units are currently rented under market value. All tenants are currently on month-to-month leases. This property is part of a portfolio of eleven units for sale, which includes two multifamily properties and one single-family property. The seller is open to selling the properties together or separately.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Opa Locka
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.23349
    Latitude
    25.911192

    Nearby Similar for Sale

    • $695,000
      3,490 SF

      Opa-Locka Fourplex Investment Opportunity

      Value-add fourplex in Opa-Locka with income growth potential.
      2013 Washington Ave, Opa-Locka, FL 33054
      View Details
    • $9,750,000

      Multi-Tenant Industrial Warehouse in Opa-locka

      46,986 SF multi-tenant industrial warehouse on 1.38 AC lot.
      2275 NW 150th St, , FL 33054
      View Details
    • $695,000

      Opa-Locka Multifamily Investment Opportunity

      Multifamily property with value-add potential in Opa-Locka, Florida.
      2013 Washington Ave, Opa-Locka, FL 33054
      View Details
    • $800,000
      2,815 SF

      Opa-Locka Fourplex Investment Opportunity

      Value-add fourplex with single-family home in Opa-Locka, Florida.
      1940 Ali Baba Ave, Opa-Locka, FL 33054
      View Details
    • $800,000

      Opa-Locka Multifamily Investment Opportunity

      Multifamily property in Opa-Locka, great potential to increase income.
      1940 Ali Baba Ave, Opa-Locka, FL 33054
      View Details
    • $60,000

      Turnkey Restaurant with Rental Income

      Profitable take-out restaurant with additional income streams in Opa-Locka.
      Opa-Locka, FL 33054
      View Details
    • $145,000

      Opa-Locka Auto Repair Business

      Auto repair business opportunity with equipment in Opa-Locka, Florida.
      2620 SW Ali Baba Ave, Opa-Locka, FL 33054
      View Details
    • $3,500,000
      741 SF

      Redevelopment Opportunity on Corner Avenue

      Closed gas station with redevelopment potential on a signalized corner.
      14126 NW 27th Ave, Opa-Locka, FL 33054
      View Details
    • $21
      52,711 SF

      Miami Gardens Shopping Center For Sale

      Shopping center in Miami Gardens with high traffic and exposure.
      2700-2798 NW 167th St, Opa-Locka, FL 33054
      View Details
    • $34,000,000
      128,732 SF

      Manufacturing Facility with Outdoor Storage

      Manufacturing facility with outdoor storage and redevelopment potential.
      4355 Northwest 128th Street, Opa-locka, FL, 33054
      View Details
    • $795,000
      3,508 SF

      Established Restaurant with Drive-Through

      Restaurant with drive-through, seating, and increasing business.
      13705 NW 27th Ave, Opa Locka, FL
      View Details
    • $500,000
      1,348 SF

      Opa-locka Industrial Warehouse For Sale

      1,348 SF warehouse near Opa-locka Executive Airport.
      13443 NW 47th Ave # 10, Opa-Locka, FL 33054
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Multifamily property with value-add potential in Opa-locka, Florida.
    Where is this multifamily property located?
    The property is located at 2013 Washington Ave Opa Locka, FL.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: Value‑add investment opportunity with potential for increased rental income.; Units are currently rented under market value.; Attractive mix of unit types: five 1 bed/1 bath and one 2 bed/1 bath.
    We can help!
    Listing Contact
    Nicole Alvarez
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!