Property profile

1040 Ali Baba Ave Opa Locka, FL 33054

OFF-MARKET
Manufacturing properties
Property ID
US19-0446880
14,054 SF 0.33 ac lot Built 1954
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,500-square-foot industrial kitchen in Opa-locka, Florida, presents a unique investment opportunity. Located on a spacious 100,000-square-foot lot, this fully renovated property boasts an 18-foot ceiling height, providing ample workspace. The kitchen features approximately 1,000 square feet of walk-in coolers, ensuring efficient cold storage. Two street-level doors facilitate easy loading and unloading. The property is equipped with gas lines, a grease trap, and proper drainage systems, essential for food processing operations. It's zoned IU-1 and importantly, holds FDA approval, making it ideal for various food-related businesses. The building also includes 500 square feet of office space, providing administrative areas. The property features a new twin-T concrete roof and new epoxy floors, showcasing its pristine condition. Priced at $3,750,000, this turnkey operation is ready for immediate occupancy. This is a rare opportunity to acquire a fully compliant and modern industrial kitchen in a prime location. Don't miss out on this exceptional investment.

Property profile

Verified
Property type Manufacturing properties
Use group FOOD PROCESSING
Year built 1954
Construction CONCRETE
Total area 14,054 SF
Lot 0.33 ac (14,250 SF)
Zoning code 7100:INDUSTRIAL,LIGHT MFG
APN 08-2121-002-4830
UPID US19-0446880

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1040 Ali Baba Ave Opa Locka, FL 33054-3610
Opa Locka metro Census 509 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.62M
CAP Approach CAP
$2.91M
Comparable Approach Comparable
$2.62M
Blend (final) Blend
$2.44M

Owner & transaction history

since 2022
Last sale
$2.6M
3 recorded transactions
2022
$2.6M
2005
Price N/A
2005
$200,000

Zoning & alternative use

7100:INDUSTRIAL,LIGHT MFG · Opa Locka, FL
Top alternative use upside
Neighborhood: shopping center $4.0M +49.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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