Opa-locka Multi-Bay Industrial
For Sale
$6,350,000
2310 NW 150th St, Opa Locka, FL 33054
32,483 SF heavy-industrial warehouse in Opa-locka, ideal for various uses.
Property Size32,483 SF
Lot Size0.94 Acres
Days on Market269
Property Features for 2310 NW 150th St
General Information
Standard status
Active
Size
32,483 SF
Lot size
0.94 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$56,727
Building Details
Building Size
32,483 SF
Year Built
1970
Listing Agency:
(786) 222-1373
Listed By:
Yuniel De Varona Rodriguez
(786) 222-1373
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 16
Last Checked: Aug 23 at 5:34AM
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 Yuniel De Varona Rodriguez
Investment Insights
Based on property information with market context.
Located in Opa-locka, this 32,483 square foot heavy-industrial warehouse is available for sale. The property features a multi-bay layout, consisting of 4 bays each measuring 8,120 square feet. The flexible layout is suitable for either single tenant occupancy or leasing by individual bay. The property is zoned for intensive industrial use and is suitable for distribution, logistics, manufacturing, or equipment storage. The location provides immediate access to SR-826, I-95, and Gratigny Parkway. It is also located minutes from Opa-locka Airport and Port of Miami. The property includes a large lot with ample parking and truck access. This warehouse is located in an established industrial hub.
Key Highlights
- 32,483 SF multi‑bay warehouse suitable for owner‑users or investors.
- Located in an established industrial hub with immediate access to SR‑826, I‑95, and Gratigny Pkwy.
- Flexible layout allows leasing by bay (8,120 SF each) or full occupancy.
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
$529,911
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
8.35%
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%
$10,598,220
$10.6M
Cap Rate 7%
$7,570,157
$7.6M
Cap Rate 9%
$5,887,900
$5.9M
Market Conditions
NOI Build-Up for 32,483 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
$654.9K $20.16/SF
− Vacancy
−$31.4K −$0.97/SF
EGI
$623.4K $19.19/SF
− OpEx
−$93.5K −$2.88/SF
NOI
$529.9K $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%
$10,598,220
Cap Rate 7%
$7,570,157
Cap Rate 9%
$5,887,900
Alternative Uses
Best Use
Warehouse
$7.57M
$6.62M – $8.83M
NOI $529,911 @ 7.0% cap · market cap 8.35%
Second Best
Industrial
$6.23M
$5.45M – $7.27M
NOI $436,397 @ 7.0% cap · market cap 6.87%
Theoretical Best
Specialty Retail
$21.93M
$19.19M – $25.58M
NOI $1,534,836 @ 7.0% cap · market cap 24.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
843
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.
Similar Off Market Nearby
- GS — 14851 NW 27th Ave, Opa-locka, FL 33054
- GLOBAL PARKING & STORAGE — 2111 NW 141st St, Opa-locka, FL 33054
- Shark Moving — 13760 nw 19th ave #8, 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 - 32,483 SF heavy-industrial warehouse in Opa-locka, ideal for various uses.
Where is this warehouse located?
The property is located at 2310 NW 150th St Opa Locka, FL.
What is the asking price?
The asking price for this property is $6,350,000.
What are key features of this property?
This property features: 32,483 SF multi‑bay warehouse suitable for owner‑users or investors.; Located in an established industrial hub with immediate access to SR‑826, I‑95, and Gratigny Pkwy.; Flexible layout allows leasing by bay (8,120 SF each) or full occupancy.
