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Property profile & analytics
OFF-MARKET
Estimated value
$4,690,000
Manufacturing properties
13350 42nd Ave, Opa Locka, FL 33054-4503
Individually Owned
~
Est. High Equity
Property ID
US18-6168577
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1967
Construction
CONCRETE
Total area
30,612 SF
Lot
2.37 ac (103,385 SF)
Zoning code
7400:INDUSTRIAL,IND PK
APN
08-2120-004-0041
UPID
US18-6168577
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
-
MJS Trading, Inc. Freight Service Logistics Company
-
Vice Security LLC Security Service
-
Express Auto Center Auto Repair Shop
-
A Fire Professionals, LLC. Production Facility Security Service
-
Certified 1 Collisions Center Crp Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.47M
CAP Approach
CAP
$6.33M
Comparable Approach
Comparable
$5.41M
Blend (final)
Blend
$4.69M
Owner & transaction history
Mark Merollo
Mark Merollo
since 2025
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
7400:INDUSTRIAL,IND PK · Opa Locka, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,945,000
ML approach
$4,465,000
CAP Approach
CAP Return
Estimation
6%
$6,855,000
6.5%
$6,325,000
7%
$5,875,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,805,000
Current use
Blend value · Realmo final
$4.69M
Range $4.22M – $5.16M · ±10% · vs last sale $4.67M (Oct 5 2022)
Last sale anchor
$4.67M
Oct 5 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
$153 / 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
$88,734
Tax year 2023
Assessed value
$3,782,000
Assessed 2023
Previous assessed
$2,476,000
+52.7% YoY
Effective rate
2.35%
On assessed value
Assessed land
$2,171,085
Assessed improvement
$1,610,915
Land market value
$2,171,085
Improvement market value
$1,610,915
Total market value
$3,782,000
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
1967
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
30,612 SF
Lot
2.37 ac (103,385 SF)
Zoning code
7400:INDUSTRIAL,IND PK
APN
08-2120-004-0041
UPID
US18-6168577
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
$5.8M
INDUSTRIAL (GENERAL) Current
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
1967
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
2.37 ac
Current owner
From public records · entity-resolved
Mark Merollo
Individual
Mailing address
13350 NW 42ND AVE, OPA LOCKA, FL 33054-4503
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2025
—
Mark Merollo
Dcmlifestyle LLC
Warranty Deed
—
Oct 5, 2022
$4,671,500
Calico Sunshine 163 LLC
Horizons East LLC
Special Warranty Deed
—
Sep 23, 2008
—
Horizons East LLC
—
Deed Of Trust
related
$1,100,000 · Metro Bank Dade County
Apr 30, 2003
$1,500,000
Horizons East LLC
Lejeune Commercial Holdings
Grant Deed
$1,200,000 · Commercial Bank Florida
May 2, 2000
—
Commercial Holdings Lejeune
—
Grant Deed
related
$350,000 · Ocean Bank
Aug 3, 1999
$650,000
Commercial Holdings Lejeune
Sears Roebuck & Co
Grant Deed
related
$487,500 · Ocean Bank
—
—
Commercial Holdings Lejeune
—
Deed Of Trust
related
$1,050,000 · International Bank Of Miami
—
—
Horizons East LLC
—
Deed Of Trust
related
$1,200,000 · Metro Bank Dade County
—
—
Horizons East LLC
—
Deed Of Trust
related
$875,000 · Marquis 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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