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    1040 Ali Baba Ave Opa Locka, FL 33054-3610

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    1040 Ali Baba Ave Opa Locka, FL 33054-3610


    • Manufacturing properties
    • 14,054 SF
    • 0.33 lot acres
    Off-Market
    Last Sale Aug 12, 2022
    $2,623,700
    Property ID
    US19-0446880
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $2,620,000
    Show details
    Cap Rate Potential
    7.7%
    Manufacturing properties
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 1040 Ali Baba Ave

    Year built
    1954
    Construction
    CONCRETE
    Lot size
    0.33 lot acres
    Property size
    14,054 SF
    Zone code
    7100:INDUSTRIAL,LIGHT MFG
    Property type
    Manufacturing properties
    APN
    08-2121-002-4830
    APU
    821210024830

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,440,000
      ML approach
      $2,615,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $3,145,000
      6.5%
      $2,905,000
      7%
      $2,695,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,615,000
      Market price range: $1.69M - $3.61M
    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,665,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,995,000
      Change: +50% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Opa Locka
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2486
    Latitude
    25.9024
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $45,341
    $213,750
    $1,614,250
    $1,828,000
    -
    $213,750
    $1,614,250
    $1,828,000
    More about this property
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