Manufacturing Facility with Outdoor
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For Sale
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4355 NW 128 St, Opa Locka, FL 33054
Manufacturing property with substantial land area, outdoor storage, heavy power, and finished office space.
Property Size128,732 SF
Price / SF$264.11
Days on Market5
Property Features for 4355 NW 128 St
General Information
Standard status
Active
Size
128,732 SF
Property subtype
INDUSTRIAL
Listing Agency:
CBRE | Miami
(305) 374-1000
Listed By:
Mateo Coman
(305) 260-2406
Source:
Moodyscre
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 5 at 4:25PM
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.
Manufacturing property at 4355 NW 128 St in Opa Locka, Florida, comprising approximately 7.47 acres, or ±325,554 square feet, of total land. The improvements include two buildings: a 102,332-square-foot primary structure and a separate 26,400-square-foot building. The facility offers 22-foot clear height, heavy power, and high-end office finishes.
The site also includes outdoor storage, adding an exterior component to the manufacturing operation. The property combines substantial land area with more than 128,000 square feet of building improvements across the two structures.
The site also includes outdoor storage, adding an exterior component to the manufacturing operation. The property combines substantial land area with more than 128,000 square feet of building improvements across the two structures.
Key Highlights
- ±325,554 total land SF across 7.47 total AC
- Building 1 contains 102,332 SF
- Building 2 contains 26,400 SF
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
$2,100,066
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
6.18%
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%
$42,001,320
$42.0M
Cap Rate 7%
$30,000,943
$30.0M
Cap Rate 9%
$23,334,067
$23.3M
Market Conditions
NOI Build-Up for 128,732 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
$2.60M $20.16/SF
− Vacancy
−$124.6K −$0.97/SF
EGI
$2.47M $19.19/SF
− OpEx
−$370.6K −$2.88/SF
NOI
$2.10M $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%
$42,001,320
Cap Rate 7%
$30,000,943
Cap Rate 9%
$23,334,067
Alternative Uses
Best Use
Warehouse
$30.00M
$26.25M – $35.00M
NOI $2,100,066 @ 7.0% cap · market cap 6.18%
Second Best
Industrial
$24.71M
$21.62M – $28.82M
NOI $1,729,466 @ 7.0% cap · market cap 5.09%
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
Current Use
Location Intelligence
Trade Area within ½ mile
574
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
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 property with substantial land area, outdoor storage, heavy power, and finished office space.
Where is this manufacturing property located?
The property is located at 4355 NW 128 St 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: ±325,554 total land SF across 7.47 total AC; Building 1 contains 102,332 SF; Building 2 contains 26,400 SF
