Opa Locka, FL
Commercial Real Estate Market Trends & Data

$1,045 per SF Avg asking sale price
$19 per SF Avg asking lease rate
46,676 SF Avg unit lease size
19,421 SF Avg building size for sale
9.29% Average cap rate

Opa Locka's Demographic Profile

Opa Locka has 5,400 households and a median income of $27,600, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 15,409
# Households 5,400
Median age 37
Median household income $27,600
Avg household size 3.0
Renter-occupied housing units 3,838
5-year population change -3%

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↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Miami Gardens $358 15,360 SF 8.90%
Hialeah Lakes $324 22,608 SF 7.33%
Miami Lakes $305 25,666 SF 7.33%
Biscayne Park $540 6,480 SF 4.71%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Miami Gardens $499 17,615 SF 8.90%
Hialeah Lakes $899 12,024 SF 7.70%
Miami Lakes $340 11,690 SF 5.78%
Miami Shores $442 4,861 SF 5.59%
Nearby Retail Markets Avg Cost/SF Typical Size
Opa Locka $3,221 13,860 SF
Miami Gardens $1,411 10,886 SF
Hialeah Lakes $268 37,542 SF
Miami Lakes $285 42,837 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Opa Locka $209 14,882 SF 7.17%
Miami Gardens $273 11,361 SF 8.90%
Hialeah Lakes $4,600 5,300 SF 7.70%
North Miami $340 10,665 SF 7.10%

Commercial Properties For Sale in Opa Locka

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

13265 Alexandria Drive

Opa-locka, FL 33054

  • 1.11 AC Lot
  • 1 Residential Income Lot
  • $1,499,000
For Sale

4640 NW 133 ST

Opa Locka, FL 33054

  • 1,730 SF Industrial Building
  • $425,000
For Sale

680 Superior St

Opa-locka, FL 33054

  • 5,754 SF Specialty
  • $1,500,000
For Sale

Approved Plans • Active Permit • Impact Fees

Opa Locka, FL 33054

  • 0.59 AC Lot
  • 1 Industrial Lot
  • $2,200,000
For Sale

NW Corner Ali Baba Avenue

Opa Locka, FL 33054

  • 0.98 AC Lot
  • 1 Commercial Lot
  • $1,850,000
For Sale

47,412 SF Warehouse For Lease or Sale

Opa-locka, FL 33054

  • 47,412 SF Industrial Building
  • $1.00

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Opa Locka pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Opa Locka $1,045 19,421 SF
Miami Gardens $645 16,660 SF
Hialeah Lakes $739 17,358 SF
Miami Lakes $325 19,631 SF
Biscayne Park $540 6,480 SF

Regional Demographic Comparison

This comparison places Opa Locka alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Opa Locka or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Opa Locka 15,409 5,400 37 $27,600 3 3,838 -3%
Miami Gardens 102,143 30,724 39 $51,812 3 11,566 -4%
Hialeah Lakes 99,490 34,385 41 $60,716 3 18,203 -3%
Miami Lakes 28,399 10,301 43 $89,055 3 3,781 -3%
Biscayne Park 2,777 1,064 44 $78,309 3 317 -5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Opa-locka, FL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Opa Locka

View All Commercial Real Estate For Sale in Opa Locka
Is Opa Locka a good market for a first-time commercial real estate investor?

Opa Locka offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Opa Locka?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Opa Locka. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Opa Locka?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Opa Locka. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Opa Locka compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Opa Locka. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Opa Locka acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Opa Locka, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends