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Property profile & analytics
OFF-MARKET
Estimated value
$10,475,000
Manufacturing properties
13200 45th Ave, Opa Locka, FL 33054-4308
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-2938484
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1982
Construction
CONCRETE
Total area
41,406 SF
Lot
3.68 ac (160,480 SF)
Zoning code
7400:INDUSTRIAL,IND PK
APN
08-2129-005-0170
UPID
US18-2938484
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
-
Announcement Converters Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.48M
CAP Approach
CAP
$8.56M
Comparable Approach
Comparable
$10.63M
Blend (final)
Blend
$10.48M
Owner & transaction history
Fivf III Fl7 LP
Fivf III Fl7 LP
since 2026
Last sale
$10.5M
3 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
$11.8M
+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
$10,475,000
ML approach
$10,475,000
CAP Approach
CAP Return
Estimation
6%
$9,270,000
6.5%
$8,560,000
7%
$7,945,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,855,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,770,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$10.48M
Range $9.43M – $11.52M · ±10% · vs last sale $10.48M (Jan 4 2024)
Last sale anchor
$10.48M
Jan 4 2024
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
$253 / 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
$182,336
Tax year 2023
Assessed value
$9,362,000
Assessed 2023
Previous assessed
$6,465,000
+44.8% YoY
Effective rate
1.95%
On assessed value
Assessed land
$3,530,560
Assessed improvement
$5,831,440
Land market value
$3,530,560
Improvement market value
$5,831,440
Total market value
$9,362,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
41,406 SF
Lot
3.68 ac (160,480 SF)
Zoning code
7400:INDUSTRIAL,IND PK
APN
08-2129-005-0170
UPID
US18-2938484
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
$7.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.8M
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
1982
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
3.68 ac
Current owner
From public records · entity-resolved
Fivf III Fl7 LP
Entity
Free & Clear · 0 yrs held
Mailing address
907 TYLER ST, HOLLYWOOD, FL 33019-1301
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2026
$11,750,000
Fivf III Fl7 LP
Lrf2 Mia 45th Ave LLC
Special Warranty Deed
—
Jan 4, 2024
$10,476,300
Pegler Investments LLC
Lrf2 Mia 45th Ave LLC
Special Warranty Deed
$5,450,000 · Citibank NA
Jul 27, 2021
—
Lrf2 Mia 45th Ave LLC
J R Realty Corporation
Quit Claim Deed
related
—
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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