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Property profile & analytics
FOR SALE
Office buildings

13400 Alexandria Dr Opa Locka, FL 33054

1,733 SF 0.74 ac lot Built 1951
Entity Owned 4-yr Hold Free & Clear
Property ID
US18-8687801
Property summary
AI-generated overview

Discover a remarkable development opportunity in Opa-Locka, Florida. This exceptional 32,200 square foot lot, located at 13400 Alexandria Drive, is zoned 4400/multifamily, presenting a unique chance to create a vibrant residential community. The property's zoning allows for the construction of over 20 residential units, catering to the growing demand for housing in this dynamic area. Its strategic location offers unparalleled convenience, with proximity to key economic drivers such as the Amazon Warehouse and Executive Airport, as well as thriving retail centers. This ensures future residents will enjoy easy access to essential amenities and services. The property's strong potential for return on investment is further enhanced by its location within a rapidly developing area of South Florida, experiencing significant ongoing investment and growth. An existing improvement on the site previously had utilities connected, offering a potential head start for development. This exceptional property is priced at $1,530,000 and represents a compelling investment opportunity for discerning developers seeking to capitalize on the burgeoning real estate market in Opa-Locka, Miami-Dade County, Florida, zip code 33054.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1951
Construction CONCRETE
Total area 1,733 SF
Lot 0.74 ac (32,200 SF)
Zoning code 4400:MULTI-FAMILY,3 STORY
APN 08-2128-007-0220
UPID US18-8687801
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$445k
CAP Approach CAP
$815k
Comparable Approach Comparable
$559k
Blend (final) Blend
$605k
Owner & transaction history
Nomanbhoy Ira LLC · 4 yrs held
Nomanbhoy Ira LLC
since 2022
6 recorded transactions
2022
$323,000
2015
Price N/A
2012
Price N/A
2012
Price N/A
2009
Price N/A
2003
$90,000
Zoning & alternative use
4400:MULTI-FAMILY,3 STORY · Opa Locka, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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