16561 47Th Ave Opa-locka, FL 33054
This exceptional 1.5-acre development opportunity in Miami Gardens, Florida, presents a unique investment prospect. Located at 16561 NW 47th Ave, this property encompasses 65,340 square feet of vacant land, currently zoned RF-15 (Residential). The site offers significant potential for redevelopment, with the possibility of zoning changes to accommodate industrial uses such as warehousing, subject to approval from the Miami Gardens zoning department. Comprising two separate parcels, this property boasts high visibility from the south side of the 826 Expressway, benefiting from over 140,000 vehicles passing daily, ensuring excellent exposure for any future development. The asking price for this strategically located land is $3,195,000. Its dual residential and warehouse subtype designation provides flexibility for a variety of development plans. The property's location in Miami-Dade County, Florida, within the 33054 zip code, offers convenient access to major transportation routes and amenities. This is an ideal opportunity for developers seeking a high-traffic location with significant redevelopment potential. The property is currently vacant, allowing for immediate development commencement. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.