Divisible Industrial
2275 Northwest 150th Street, Opa Locka, FL 33054
For Sale
New
Contact for pricing
The electrical configuration supports operation as a single facility or division into separate tenant spaces.
Property Size46,986 SF
Lot Size1.38 Acres
Price / SF$207.51
Days on Market7
Property Features for 2275 Northwest 150th Street
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Clear Height
Warehouse Space
Loading
Power
Three-Phase Power
Sprinkler System
Additional Details
Property Use
Building Details
Buildings
Building Size
Construction
Listing Agency:
RE/MAX Advance Realty
Listed By:
Anthony Askowitz · License FL #550119
(305) 807-9079
Source:
Crexi
Added: Nov 4
Changed: Nov 10
Last Checked: Nov 10 at 7:20AM
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 RE/MAX Advance Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 46,986-square-foot reinforced-concrete warehouse occupies a 60,000-square-foot parcel, or 1.38 acres. The open interior has a twin-T ceiling and 23.8 feet of clear height. Loading is available at both ends of the building, with five dock-high and grade-level positions combined. Electrical service is 400-amp, 3-phase, and the property also has a dry sprinkler system and city sewer. A silicone roof coating was applied three years ago.
The electrical layout allows the building to operate as one space or be divided into as many as four units. Opa-locka Airport and regional expressways are described as minutes away. The layout is suited to distribution, logistics, and light manufacturing uses.
The electrical layout allows the building to operate as one space or be divided into as many as four units. Opa-locka Airport and regional expressways are described as minutes away. The layout is suited to distribution, logistics, and light manufacturing uses.
Key Highlights
- 46,986‑square‑foot warehouse on a 60,000‑square‑foot parcel (1.38 acres)
- Reinforced‑concrete construction with 23.8 feet of clear height
- Five combined dock‑high and grade‑level loading positions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$766,505
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,330,100
$15.3M
Cap Rate 7%
$10,950,071
$11.0M
Cap Rate 9%
$8,516,722
$8.5M
Market Conditions
NOI Build-Up for 46,986 SF
Gross rent
$947.2K $20.16/SF
− Vacancy
−$45.5K −$0.97/SF
EGI
$901.8K $19.19/SF
− OpEx
−$135.3K −$2.88/SF
NOI
$766.5K $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%
$15,330,100
Cap Rate 7%
$10,950,071
Cap Rate 9%
$8,516,722
Alternative Uses
Best Use
Warehouse
$10.95M
$9.58M – $12.78M
NOI $766,505 @ 7.0% cap · market cap 7.86%
Second Best
Industrial
$9.02M
$7.89M – $10.52M
NOI $631,239 @ 7.0% cap · market cap 6.47%
Theoretical Best
Specialty Retail
$31.72M
$27.75M – $37.00M
NOI $2,220,110 @ 7.0% cap · market cap 22.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
23 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
323
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
$291,700
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Opa Locka, FL
Properties on Market for Warehouses in Opa Locka
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Canam warehouse and storage center — 15953 NW 49th Ave, Hialeah, FL 33014
Frequently Asked Questions
What type of property is this?
Warehouse - The electrical configuration supports operation as a single facility or division into separate tenant spaces.
Where is this warehouse located?
The property is located at 2275 Northwest 150th Street Opa Locka, FL.
What is the asking price?
The asking price for this property is $9,750,000.
What are key features of this property?
This property features: 46,986‑square‑foot warehouse on a 60,000‑square‑foot parcel (1.38 acres); Reinforced‑concrete construction with 23.8 feet of clear height; Five combined dock‑high and grade‑level loading positions
