New search
Property profile & analytics
FOR SALE
Manufacturing properties
4355 Northwest 128Th St, Opa Locka, FL 33054
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3157926
For Sale
1 / 2
$34,000,000
4355 Northwest 128Th St, Opa Locka, FL 33054
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1971
Construction
CONCRETE
Total area
102,332 SF
Lot
4.29 ac (186,824 SF)
Zoning code
7400:INDUSTRIAL,IND PK
APN
08-2129-006-0010
UPID
US18-3157926
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
-
Cigarette Racing (Bike/Boat/Book/etc) Store Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$16.00M
CAP Approach
CAP
$21.15M
Comparable Approach
Comparable
$12.51M
Blend (final)
Blend
$16.00M
Owner & transaction history
Cigarette Holdings Re LLC · 2 yrs held
Cigarette Holdings Re LLC
since 2024
Last sale
$16.0M
4 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
$16,000,000
ML approach
$16,000,000
CAP Approach
CAP Return
Estimation
6%
$22,915,000
6.5%
$21,150,000
7%
$19,640,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$19,410,000
Current use
Blend value · Realmo final
$16.00M
Range $14.40M – $17.60M · ±10% · vs last sale $16.00M (Jun 25 2024)
Last sale anchor
$16.00M
Jun 25 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
$156 / 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
$166,548
Tax year 2023
Assessed value
$8,746,000
Assessed 2023
Previous assessed
$8,746,000
+0.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$4,110,128
Assessed improvement
$4,635,872
Land market value
$4,110,128
Improvement market value
$4,635,872
Total market value
$8,746,000
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
For Sale
Year built
1971
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
102,332 SF
Lot
4.29 ac (186,824 SF)
Zoning code
7400:INDUSTRIAL,IND PK
APN
08-2129-006-0010
UPID
US18-3157926
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
$19.4M
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
1971
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
4.29 ac
Current owner
From public records · entity-resolved
Cigarette Holdings Re LLC
Entity
Mailing address
2701 S LE JEUNE RD, CORAL GABLES, FL 33134-5809
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2024
$16,000,000
Cigarette Holdings Re LLC
Braver Holdings LLC
Special Warranty Deed
$32,680,000 · Cigarette Holdings Re LLC
Jan 12, 2017
—
Cigarette Racing Team LLC
—
Deed
related
$5,972,745 · Providence Bk&tr
Aug 9, 2011
—
Cigarette Racing Team LLC
—
Deed Of Trust
related
$7,027,507 · Inland Bank & Trust
—
—
Cigarette Racing Team LLC
—
Loan Modification
related
$5,972,745 · Providence Bk&tr
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
