Opa-locka Material Recovery
2330 NW 149th St, Opa Locka, FL 33054
164,311 SF facility on 5.07 acres for sale.
Type:Industrial
Property size:
164,311 SFLot size:
5.07 AcresPrice / SF:
$180/SF- Added:
- Nov 17, 2023
- Days on Market:
- 928
- Last Refresh:
- May 12 at 9:18 pm
Property Features for 2330 NW 149th St
General Information
- Standard status
- Active
- Size
- 164,311 SF
- Lot size
- 5.07 Acres
- Property subtype
- Industrial
Listing agent Alexander Bernaldo, SIOR License #FL BK632355
Listing office Americas Commercial Real Estate
Listing date Nov 17, 2023
Source Crexi
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
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.
- 20 overhead doors with sufficient clearance for waste collection trucks.
- Sits on 5.07 acres.
- Five loading docks for outbound shipments.
Overview
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.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $3.31M | $20.16 |
| − Vacancy | −$159.0k | −$0.97 |
| EGI | $3.15M | $19.19 |
| − OpEx | −$946.1k | −$5.76 |
| NOI | $2.21M | $13.43 |
164,311 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 30.00%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Brite View Adjuster
Financial Advisor
Location Insight
- Map
- Local Demand
- City
- Opa Locka
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.239464
- Latitude
- 25.909403
Nearby Similar for Sale
FAQs
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.
