Manufacturing Facility with Outdoor
For Sale
$34,000,000
4355 Northwest 128th Street, Opa Locka, FL 33054
Manufacturing facility with outdoor storage and redevelopment potential.
Property Size128,732 SF
Price / SF$264.11
Days on Market198
Property Features for 4355 Northwest 128th Street
General Information
Standard status
Active
Size
128,732 SF
Property subtype
Industrial
Listing Agency:
CBRE | Miami
Listed By:
Mateo Coman
(305) 260-2406
Source:
Cbre
Added: Mar 25
Changed: Oct 7
Last Checked: Oct 7 at 10:32AM
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 CBRE | Miami
Investment Insights
Based on property information with market context.
This property presents an opportunity for an owner-user seeking a manufacturing facility. The property features outdoor storage space and potential for future redevelopment. High-end office finishes are present within the building. The property is equipped with heavy power. The building has a size of 128732 square feet and is located in Opa-locka, Florida.
Key Highlights
- Manufacturing Facility ready for immediate use.
- Heavy Power to support demanding operations.
- Outdoor Storage available for equipment or materials.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,729,466
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$34,589,320
$34.6M
Cap Rate 7%
$24,706,657
$24.7M
Cap Rate 9%
$19,216,289
$19.2M
Market Conditions
NOI Build-Up for 128,732 SF
Gross rent
$2.60M $20.16/SF
− Vacancy
−$124.6K −$0.97/SF
EGI
$2.47M $19.19/SF
− OpEx
−$741.2K −$5.76/SF
NOI
$1.73M $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%
$34,589,320
Cap Rate 7%
$24,706,657
Cap Rate 9%
$19,216,289
Alternative Uses
Best Use
Industrial
$24.71M
$21.62M – $28.82M
NOI $1,729,466 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$86.89M
$76.03M – $101.38M
NOI $6,082,645 @ 7.0% cap · market cap 17.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
951
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing facility with outdoor storage and redevelopment potential.
Where is this manufacturing property located?
The property is located at 4355 Northwest 128th Street Opa Locka, FL.
What is the asking price?
The asking price for this property is $34,000,000.
What are key features of this property?
This property features: Manufacturing Facility ready for immediate use.; Heavy Power to support demanding operations.; Outdoor Storage available for equipment or materials.
