Opa-locka, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Opa-locka, Florida Market population: 16K. Compare commercial properties across all major asset classes with...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For Opa-locka FL Properties: 1.5400%

📊 Average Income For Opa-locka FL Commercial Property: $29,200

Investor Questions For Opa-locka FL

Common questions from investors exploring commercial real estate in Opa-locka FL.

What's the overall investment outlook for Opa-locka, FL, considering its demographics and economy? +

Opa-locka's diverse population, with 54.6% Black or African American and 33.5% Hispanic or Latino, combined with a median household income of $29,200 and a poverty rate of 34.6%, suggests a working-class market with potential for growth, especially in industries like Health Care & Social Assistance and Retail Trade, which are among the top employers.

How does the city's commute time and health insurance coverage impact the quality of life for residents and potential tenants? +

The 29.4-minute average commute time and 83.2% health insurance coverage rate in Opa-locka indicate a relatively stable quality of life, with most residents having access to healthcare and a manageable commute, which could attract tenants looking for affordability and convenience, particularly in a city with a high foreign-born rate of 45.6%.

What are the implications of Opa-locka's poverty rate and income inequality on real estate investment? +

The 34.6% poverty rate and a GINI coefficient of 0.53 suggest significant income inequality in Opa-locka, which may impact tenant stability and property values, but the city's median property value of $143,400 and median property taxes of $2,244 could offer investors a relatively affordable entry point, especially considering the potential for rental income in a city with a high demand for affordable housing.

How might the city's ethnic diversity and top industries influence market demand for real estate? +

Opa-locka's ethnic diversity, with a mix of Black or African American, Hispanic or Latino, and White populations, could support a vibrant cultural scene, attracting businesses and residents alike, particularly in industries like Accommodation & Food Services, which could drive demand for both residential and commercial properties, given the city's strategic location and relatively low median property taxes of $2,244.

What role does the city's homeownership rate and commute methods play in assessing market stability for investors? +

The 36.1% homeownership rate in Opa-locka, combined with a significant portion of residents driving alone (74.1%) or carpooling (12.3%) to work, suggests a market with a mix of homeowners and renters, potentially offering investors a range of opportunities, from rental properties to fix-and-flip projects, especially considering the average commute time of 29.4 minutes, which is relatively manageable and could support a stable tenant base.

Opa-locka FL Real Estate & City Facts

Key facts and real estate information about Opa-locka FL.

What are some of the best neighborhoods to live in Opa-locka? +

Some of the best neighborhoods to live in Opa-locka include Pizarro, which is known for its affordability and friendliness. Other neighborhoods like Wilton Manors are also popular, but it's worth noting that the area is experiencing gentrification, which may impact the community. It's always a good idea to research and visit the neighborhoods in person to get a feel for the area.

What are some fun things to do in Opa-locka? +

There are plenty of fun things to do in Opa-locka, including visiting the Opa-locka Historic City Hall, exploring the Opa Locka Hialeah Flea Market, and taking an airboat tour with Buffalo Tigers Airboat Tours. You can also visit the nearby Oleta River State Park for outdoor activities like hiking and biking. Additionally, the Adrienne Arsht Center for the Performing Arts of Miami-Dade County is a great place to catch a show or concert.

What is the food scene like in Opa-locka? +

The food scene in Opa-locka is diverse and vibrant, with a range of restaurants serving different cuisines. Some popular spots include Romo's Place Restaurant, Amazonia Nikkei, and Korner 67. You can also find great Chinese food at places like Hong Kong House and Wong Chinese Restaurant. And for a quick bite, Wingstop is a popular option. There are also plenty of great food trucks and casual eateries to explore.

What are the pros and cons of living in Opa-locka? +

The pros of living in Opa-locka include its affordability, cultural diversity, and vibrant community. However, some cons include the area's high crime rate, traffic, and limited job opportunities. Additionally, the gentrification of the area may impact long-time residents and the community's character. It's essential to weigh these factors and consider what's important to you when deciding whether to live in Opa-locka.

Is Opa-locka a good place to live? +

Whether Opa-locka is a good place to live depends on your individual priorities and preferences. If you value affordability, cultural diversity, and a vibrant community, Opa-locka may be a great fit. However, if you're concerned about safety, traffic, or job opportunities, you may want to consider other areas. It's crucial to research and visit the area in person to get a feel for the community and decide whether it's the right place for you.

Opa-locka, FL Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For Opa-locka FL Properties: 1.5400%

📊 Average Income For Opa-locka FL Commercial Property: $29,200

Investor Questions For Opa-locka FL

Opa-locka FL Real Estate & City Facts

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