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Property profile & analytics
OFF-MARKET
Estimated value
$26,220,000
Industrial land
12805 42nd Ave Opa Locka, FL 33054-4417
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6323453
Property summary
AI-generated overview
This exceptional 247,229-square-foot warehouse in Opa Locka, Miami-Dade County, is a single-tenant property built in 2023. The building boasts a single story with a 36-foot ceiling height, providing ample space for various industrial operations. The property features an impressive 56 loading docks and 2 drive-in doors, ensuring efficient loading and unloading. Parking is readily available with 312 spaces. The warehouse offers flexibility with leasable space ranging from 75,000 to the full 247,229 square feet. In addition to the expansive warehouse space, there is 3,100 square feet of office space, including 725 square feet converted from warehouse space. The office area features high-end finishes, including a striking trophy area entryway and custom Faulkbuilt office furniture. This is a triple net (NNN) lease; building services, property taxes, and utilities are not included in the lease cost. The property also includes 64 designated parking spaces for caravans. This modern, well-equipped warehouse presents a unique opportunity for businesses seeking a high-quality, efficient, and strategically located facility in Miami-Dade County.
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1970
Construction
CONCRETE
Total area
117,052 SF
Lot
14.59 ac (635,714 SF)
Zoning code
7400:INDUSTRIAL,IND PK
APN
08-2129-000-0061
UPID
US18-6323453
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rosemont Farms Food Processing Plant
-
Pat Salmon & Sons Inc Trucking Company
-
Cabana Coaches Travel Agency Tour Operator
-
American Trucking Vocational School
-
Marshall's Place Inc Agricultural Supply Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$24.20M
Comparable Approach
Comparable
$16.37M
Blend (final)
Blend
$26.22M
Owner & transaction history
Prologis 2 LP · 4 yrs held
Prologis 2 LP
since 2022
Last sale
$30.9M
6 recorded transactions
Zoning & alternative use
7400:INDUSTRIAL,IND PK · Opa Locka, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$33.3M
+49.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Opa Locka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Opa Locka submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$28,735,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$26,210,000
6.5%
$24,195,000
7%
$22,465,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$22,200,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$33,270,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$26.22M
Range $23.60M – $28.84M · ±10% · vs last sale $30.90M (Jun 15 2022)
Last sale anchor
$30.90M
Jun 15 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$224 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$308,470
Tax year 2023
Assessed value
$11,442,852
Assessed 2023
Previous assessed
$9,535,710
+20.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$11,442,852
Land market value
$11,442,852
Total market value
$11,442,852
Applied tax rate
800.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1970
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
117,052 SF
Lot
14.59 ac (635,714 SF)
Zoning code
7400:INDUSTRIAL,IND PK
APN
08-2129-000-0061
UPID
US18-6323453
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7400:INDUSTRIAL,IND PK · Opa Locka, FL
Zoning 7400:INDUSTRIAL,IND PK · permitted uses
7400:INDUSTRIAL,IND PK · Opa Locka, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Opa Locka. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$22.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$33.3M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
14.59 ac
Current owner
From public records · entity-resolved
Prologis 2 LP
Entity
Free & Clear · 4 yrs held
Mailing address
800 WAZEE ST STE #500, DENVER, CO 80202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2022
$30,896,800
Prologis 2 LP
Prologis Logistics Services Incorpo
Special Warranty Deed
—
Jul 6, 2017
$16,000,000
Prologis Logistics Svcs INC
American Fruit & Produce Corp
Grant Deed
—
Mar 21, 2013
—
American Fruit & Produce Corp
—
Deed Of Trust
related
$7,340,444 · Ocean Bank
May 30, 2003
$7,125,000
American Fruits & Produce Of F
Alterman Transport Lines INC
Grant Deed
$8,500,000 · Ocean Bank
—
—
American Fruit & Produce Corp
—
Deed Of Trust
related
$2,300,000 · Ocean Bank
—
—
American Fruit & Produce Corp
—
Deed Of Trust
related
$2,074,617 · Ocean Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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