Opa-locka Material Recovery
For Sale
Contact for pricing
2330 NW 149th St, Opa Locka, FL 33054
164,311 SF facility on 5.07 acres for sale.
Property Size164,311 SF
Lot Size5.07 Acres
Price / SF$180
Days on Market1070
Property Features for 2330 NW 149th St
General Information
Standard status
Active
Size
164,311 SF
Lot size
5.07 Acres
Property subtype
Industrial
Zoning
IU-2
Lease Type
Gross
Listing Agency:
Americas Commercial Real Estate
Listed By:
Alexander Bernaldo, SIOR · License #FL BK632355
(786) 337-7877
Source:
Crexi
Added: Nov 17, 2023
Changed: Oct 19
Last Checked: Oct 20 at 6:12PM
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 Americas Commercial Real Estate
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Investment Insights
Based on property information with market context.
The property operates as a material recovery facility for cardboard, paper, and plastic. It is strategically located between Miami Dade and Broward Counties and sits on 5.07 acres. The facility includes three interconnected buildings totaling 164,311 square feet under a roof with ceiling heights between 31 and 42 feet. The property features 20 overhead doors with sufficient clearance for waste collection trucks, five loading docks for outbound shipments, and two certified scales. The City of Opa-locka began an extensive water, sewer, drainage, and roadway infrastructure improvement project in February 2023.
Key Highlights
- Strategically located between Miami Dade and Broward Counties.
- 164,311 SF of interconnected buildings under one roof.
- Operates as a Material Recovery Facility for cardboard, paper, and plastic.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,207,457
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$44,149,140
$44.1M
Cap Rate 7%
$31,535,100
$31.5M
Cap Rate 9%
$24,527,300
$24.5M
Market Conditions
NOI Build-Up for 164,311 SF
Gross rent
$3.31M $20.16/SF
− Vacancy
−$159.0K −$0.97/SF
EGI
$3.15M $19.19/SF
− OpEx
−$946.1K −$5.76/SF
NOI
$2.21M $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%
$44,149,140
Cap Rate 7%
$31,535,100
Cap Rate 9%
$24,527,300
Alternative Uses
Best Use
Industrial
$31.54M
$27.59M – $36.79M
NOI $2,207,457 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$110.91M
$97.05M – $129.40M
NOI $7,763,769 @ 7.0% cap · market cap 26.25%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - 164,311 SF facility on 5.07 acres for sale.
Where is this manufacturing property located?
The property is located at 2330 NW 149th St Opa Locka, FL.
What is the asking price?
The asking price for this property is $29,576,000.
What are key features of this property?
This property features: Strategically located between Miami Dade and Broward Counties.; 164,311 SF of interconnected buildings under one roof.; Operates as a Material Recovery Facility for cardboard, paper, and plastic.
