Industrial Warehouse with Loading
New
For Sale
$9,750,000
2275 NW 150th Street, Opa Locka, FL 33054
Front and rear dock and grade access accommodate varied loading needs.
Property Size60,000 SF
Price / SF$162.50
Days on Market3
Property Features for 2275 NW 150th Street
General Information
Standard status
Active
Size
60,000 SF
Property subtype
Commercial
Lease Term
['TwelveMonths']
Building Details
Year Built
1973
Listing Agency:
RE/MAX Advance Realty II
Listed By:
Ihosvany Castaneda · License #3592764
(786) 572-8617
Source:
Onesothebysrealty
Added: Oct 23
Last Checked: Oct 24 at 10:04PM
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 II
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Investment Insights
Based on property information with market context.
This 46,986-square-foot industrial warehouse occupies a 1.38-acre site and was built in 1973. Reinforced-concrete construction, a layout suited to single-occupant use or multi-tenant division, and electrical planning for multiple bays support flexible occupancy. Six loading positions are served by front and rear dock and grade access. Twin-T ceilings reach 23 feet 8 inches.
The property is minutes from Opa-locka Airport and is zoned IU-1. Building systems include 400-amp, three-phase electrical service, a dry sprinkler system, and city sewer.
The property is minutes from Opa-locka Airport and is zoned IU-1. Building systems include 400-amp, three-phase electrical service, a dry sprinkler system, and city sewer.
Key Highlights
- 46,986 SF warehouse on 1.38 acres
- Six loading positions with front and rear dock and grade access
- Twin‑T ceilings reach 23'8"
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$806,077
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,121,540
$16.1M
Cap Rate 7%
$11,515,386
$11.5M
Cap Rate 9%
$8,956,411
$9.0M
Market Conditions
NOI Build-Up for 60,000 SF
Gross rent
$1.21M $20.16/SF
− Vacancy
−$58.1K −$0.97/SF
EGI
$1.15M $19.19/SF
− OpEx
−$345.5K −$5.76/SF
NOI
$806.1K $13.43/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,121,540
Cap Rate 7%
$11,515,386
Cap Rate 9%
$8,956,411
Alternative Uses
Best Use
Warehouse
$13.98M
$12.24M – $16.31M
NOI $978,808 @ 7.0% cap · market cap 10.04%
Second Best
Industrial
$11.52M
$10.08M – $13.43M
NOI $806,077 @ 7.0% cap · market cap 8.27%
Theoretical Best
Specialty Retail
$40.50M
$35.44M – $47.25M
NOI $2,835,027 @ 7.0% cap · market cap 29.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
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- GS — 14851 NW 27th Ave, Opa-locka, FL 33054
- Public Storage — 15760 NW 27th Ave, Opa-locka, FL 33054
- Quantum Storage Systems Inc — 15800 NW 15th Ave, Miami, FL 33169
Frequently Asked Questions
What type of property is this?
Warehouse - Front and rear dock and grade access accommodate varied loading needs.
Where is this warehouse located?
The property is located at 2275 NW 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 SF warehouse on 1.38 acres; Six loading positions with front and rear dock and grade access; Twin‑T ceilings reach 23'8"
