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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4111 132nd St Opa Locka, FL 33054-4538

    • Warehouses
    • 48,216 SF
    • 4.78 lot acres
    OFF-MARKET
    Last Sale
    Jul 29, 2022
    $8,180,000
    Value Estimations
    $11,200,000
    Show details
    Cap Rate Potential
    7.8%
    Warehouses
    Location Intelligence
    Property ID
    US18-3447426
    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.

    Current Use by Public Records

    • Family Kitchen Cabinets Inc / Cabinet Maker
    • 1 Motor Sport Auto Collision / Auto Body Shop / Car Repair And Maintenance Service
    • The Stacker Company / Industrial Equipment Supplier / Forklift Dealer
    • Marcel's Portion Pak, Inc / Meat Processor
    • Gus Furniture - miami / Bedroom Furniture Store / Children'S Furniture Store

    Property Details for 4111 132nd St

    Year built
    1977
    Construction
    CONCRETE
    Lot size
    4.78 lot acres
    Property size
    48,216 SF
    Zone code
    7400:INDUSTRIAL,IND PK
    Property type
    Warehouses
    APN
    08-2129-000-0150
    APU
    821290000150

    Description

    This exceptional industrial warehouse property in Opa-locka, Florida, offers a significant opportunity for businesses seeking flexible space options in Miami-Dade County. Located at 4111 NW 132nd St, 33054, this single-tenant warehouse boasts a total of 40,000 square feet, with 15,000 square feet currently vacant. The available space is divisible into several configurations to suit various operational needs. Three distinct bay options are available: three 5,000 square foot bays, each featuring one dock-high door and one grade-level door, plus approximately 100 square feet of office space and an 18-foot clear height. Additionally, two 1,500 square foot bays are available, each with one grade-level door and approximately 100 square feet of office space. Finally, a larger 10,000 square foot bay is available as shared space, providing access to two dock-high doors. This prime location in Opa-locka offers easy access to major transportation routes, making it an ideal choice for businesses requiring efficient logistics and distribution capabilities. The property's size and layout provide ample room for storage, manufacturing, or distribution operations. Don't miss this chance to secure a substantial warehouse space in a thriving Miami-Dade County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,140,000
      ML approach
      $10,775,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $13,110,000
      6.5%
      $12,100,000
      7%
      $11,235,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,565,000
      Market price range: $6.45M - $17.7M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $10,770,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $13,705,000
      Change: +27% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Opa Locka
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.2654
    Latitude
    25.8947
    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
    $179,817
    $4,578,662
    $3,753,338
    $8,332,000
    -
    $4,578,662
    $3,753,338
    $8,332,000

    Comparable in this City

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    • Value Estimation
      $900,000
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      13245 47th Ave

      WAREHOUSE, STORAGE • 22,690 SF
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    • Value Estimation
      $1,130,000
      34,095 SF

      2390 147th St

      WAREHOUSE, STORAGE • 34,095 SF
      2390 147th St, Opa Locka, FL 33054-3128
      View Details
    • Value Estimation
      $615,000
      4,080 SF

      2295 149th St

      WAREHOUSE, STORAGE • 4,080 SF
      2295 149th St, Opa Locka, FL 33054-3104
      View Details
    • Value Estimation
      $955,000
      32,421 SF

      2385 149th St

      WAREHOUSE, STORAGE • 32,421 SF
      2385 149th St, Opa Locka, FL 33054-3131
      View Details
    • Value Estimation
      $1,085,000
      40,552 SF

      2305 150th St

      WAREHOUSE, STORAGE • 40,552 SF
      2305 150th St, Opa Locka, FL 33054-2707
      View Details

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    4111 132nd St
    Opa Locka, FL 33054-4538
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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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