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    14566 22nd Ave Opa Locka, FL 33054-3715
    Property profile & analytics

    14566 22nd Ave Opa Locka, FL 33054-3715

    View on Map
    • Outlet malls
    • 7,344 SF
    • 0.21 lot acres
    Off-Market
    Property ID
    US18-4487588
    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
    $2,070,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 14566 22nd Ave

    Year built
    1950
    Construction
    CONCRETE
    Lot size
    0.21 lot acres
    Property size
    7,344 SF
    Zone code
    6600:COMMERCIAL,LIBERAL
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    08-2122-005-0120
    APU
    821220050120

    Description

    This exceptional 7,344-square-foot retail property, located at 14566 NW 22nd Ave in Opa-locka, Florida, presents a compelling investment and development opportunity. Currently vacant, this single-story, 1950-built building sits on a spacious 17,811-square-foot lot and offers ample parking with 20 spaces. Priced at $1,600,000 ($217.86/SF), the property boasts versatile B-2 zoning, allowing for a variety of retail uses, including fast food and grocery stores. A mixed-use zoning overlay further enhances its potential, permitting up to 150 dwelling units per acre and up to eight stories, making it ideal for developers seeking to capitalize on the area's growth within the Urban Development Boundary. The property's prime location ensures high visibility and accessibility, making it an attractive proposition for owner-users and investors alike. The anticipated occupancy date is November 1, 2024. This is a 100% ownership opportunity. The property is for sale by owner.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Opa Locka
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2362
    Latitude
    25.9071
    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
    $13,342
    $130,746
    $659,254
    $790,000
    -
    $130,746
    $659,254
    $790,000

    Comparable in this City

    • Value Estimation
      $1,890,000
      6,635 SF

      391 Opa Locka Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 6,635 SF
      391 Opa Locka Blvd, Opa Locka, FL 33054-3526
      View Details
    • Value Estimation
      $5,795,000
      17,488 SF

      2040 Opa Locka Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 17,488 SF
      2040 Opa Locka Blvd, Opa Locka, FL 33054-4228
      View Details
    • Value Estimation
      $1,960,000
      4,652 SF

      13950 27th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 4,652 SF
      13950 27th Ave, Opa Locka, FL 33054-3651
      View Details
    • Value Estimation
      $2,125,000
      6,595 SF

      13400 27th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 6,595 SF
      13400 27th Ave, Opa Locka, FL 33054-4836
      View Details
    • Value Estimation
      $880,000
      2,605 SF

      725 Opa Locka Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 2,605 SF
      725 Opa Locka Blvd, Opa Locka, FL 33054-3907
      View Details
    • Value Estimation
      $4,380,000
      9,039 SF

      13300 27th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 9,039 SF
      13300 27th Ave, Opa Locka, FL 33054-4827
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Opa-Locka Auto Repair Business

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    • $2,750,000

      Spacious Retail Storefront with Parking

      8000 SF retail space with high ceilings and parking.
      16525 NW 27Th Ave, Miami Gardens, FL 33054
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    Similar Nearby for Lease

    • $44 SF/Yr
      1,850 SF

      Retail Space in Miami Gardens

      Retail space available in shopping center with national tenant anchors.
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    • $38 SF/Yr
      1,500 SF

      Retail Space in Miami Gardens

      Local shopping center with high traffic and excellent exposure.
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      View Details
    • $2,750 /Mo
      2,827 SF

      Opa-Locka Storefront Retail Space

      Retail space next to Amazon Fulfillment Center with high ceilings.
      1230 Opa Locka Blvd, Opa Locka, FL 33054
      View Details
    • Contact for pricing
      416,674 SF

      Opa-locka Land with Office Building

      Land with office building, approved for auto salvage and parking.
      13045 Cairo Ln, Opa Locka, FL 33054
      View Details
    • $1.40 SF/Yr
      15,000 SF

      Stop n Shop Plaza: Miami Gardens

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      View Details
    • Contact for pricing

      Opa-locka Retail Space Available

      8500 SF retail space with flexible usage options.
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      View Details
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    Opa Locka, FL 33054-3715
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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