520 Nw 116 St, Unincorporated County
Miami-Dade County Real Estate - Opa locka
Opa-locka was developed in 1926 and based on a One Thousand and One Nights theme. Opa-locka has the largest collection of Moorish Revival architecture in the Western hemisphere. Its streets have names like Sabur Lane, Sultan Avenue, Ali Baba Avenue, Perviz Avenue and Sesame Street. The name Opa-locka is an abbreviation of a Seminole place name, spelled Opa-tisha-wocka-locka. The city center has a rundown feel today. Opa-locka has one of the highest rates of violent crime for any city in the United States
Amelia Earhart launched her trip around the world from Miami Municipal Airport, just south of Opa-locka.
Opa-locka Executive Airport (OPF) is located 10 minutes from the Sun Life Stadium and 20 minutes from Miami International Airport. It is designated as a relief airfield for Miami International Airport and has no landing fees. The airport offers a wide range of aircraft repair and maintenance services, including airframe, powerplant and avionics repair. The airport is also home to a U.S. Coast Guard Air/Sea Rescue Station.
Opa Locka is in South East Florida. Opa Locka is approximately 8 miles from Miami (population 399,457) and around 4 miles from Hialeah (population 224,669).
Opa Locka links:
Links
Miami-Dade County
Miami-Dade County is part of the southeast Florida region along with Indian River, St. Lucie, Martin, Palm Beach, Broward, and Monroe counties. Miami Dade County has 35 cities and incorporates many different geographical areas. The north, central, and east regions are heavily urbanized, with many large skyscrapers and a dense population. The southern region of Miami-Dade County is sparsely populated and is the heart of Miami-Dade's agricultural economy. The western region of the county includes the Everglades National Park and is inhabited only by a tribal village. The county is home to around 2.5 million people, making it the most populous in Florida and number seven in the country.
Major industries for this county are tourism, international trade, international banking, and transportation. Top public employers are Miami-Dade County Public Schools, Miami-Dade County, the Federal Government, Florida State Government, and Jackson Health Systems. Major private employers include the University of Miami, Baptist Health South Florida, Publix Supermarkets, American Airlines, and Precision Response Corporation.
The county's seat and largest city is Miami. Miami's close proximity to Latin America and the Caribbean makes it the center for international trade with those areas. The city?s population is 70% Hispanic. The concentration of Latin American businesses and international banks in the city has given it the nickname ?Capital of Latin America?. PortMiami acts as one of the largest cruise spots in the world. Miami International Airport is one of the busiest ports of entry for foreign travelers and handles the most international air cargo of any airport in the country.
Miami-Dade is also a major tourist destination, especially in the city of Miami Beach. The historic 1920s Art Deco hotels on Ocean Drive are well-known landmarks, many of which have historic designations. Visitors enjoy the warm weather, sandy beaches, and nightlife of South Beach. It is also a major convention destination. The annual Art Basel Miami and its satellite fairs bring the foremost art collectors to South Beach and the Miami neighborhood of Wynwood.
Miami-Dade County is home to numerous large universities including the private University of Miami, public Florida International University, and Catholic Barry University. The county is also home to historically-black Florida Memorial University and Miami Dade College, the second-largest public university in the nation by enrollment. The Miami-Dade County Public School System is the fifth-largest in the nation.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 510 Nw 116 St | Single Family | 1,591 | C |
 |
| 530 Nw 116 St | Single Family | 1,084 | C |
|
| 525 Nw 115 St | Single Family | 1,102 | C |
|
| 11528 Nw 5 Ave | Single Family | 1,327 | C |
|
| 540 Nw 116 St | Single Family | 1,748 | C |
|
| 535 Nw 115 St | Multi-family - less than 10 units | 1,180 | C |
|
| 515 Nw 115 St | Single Family | 1,103 | C |
|
| 525 Nw 116 St | Single Family | 857 | C |
|
| 515 Nw 116 St | Single Family | 1,402 | C |
|
| 535 Nw 116 St | Single Family | 1,596 | C |
|
| 545 Nw 115 St | Single Family | 1,079 | C |
|
| 505 Nw 115 St | Single Family | 1,013 | C |
|
| 550 Nw 116 St | Single Family | 993 | C |
|
| 505 Nw 116 St | Single Family | 1,162 | C |
|
| 545 Nw 116 St | Single Family | 2,148 | C |
|
| 555 Nw 115 St | Single Family | 1,670 | C |
|
| 555 Nw 116 St | Single Family | 1,275 | C |
|
| 560 Nw 116 St | Single Family | 1,204 | C |
|
| 450 Nw 116 St | Single Family | 1,195 | C |
|
| 520 Nw 116 Ter | Single Family | 1,031 | C |
|
| 510 Nw 116 Ter | Single Family | 1,022 | C |
|
| 530 Nw 116 Ter | Single Family | 1,600 | C |
|
| 565 Nw 115 St | Single Family | 1,684 | C |
|
| 500 Nw 116 Ter | Single Family | 1,152 | C |
|
| 540 Nw 116 Ter | Single Family | 1,243 | C |
|
| 565 Nw 116 St | Single Family | 832 | C |
|
| 570 Nw 116 St | Single Family | 1,479 | C |
|
| 440 Nw 116 St | Single Family | 1,477 | C |
|
| 550 Nw 116 Ter | Single Family | 1,306 | C |
|
| 575 Nw 115 St | Single Family | 1,353 | C |
|
| 451 Nw 116 St | Single Family | 1,506 | C |
|
| 575 Nw 116 St | Single Family | 1,129 | C |
|
| 560 Nw 116 Ter | Single Family | 1,153 | C |
|
| 430 Nw 116 St | Single Family | 1,621 | C |
|
| 580 Nw 116 St | Single Family | 1,322 | C |
|
| 585 Nw 115 St | Single Family | 1,043 | C |
|
| 441 Nw 116 St | Single Family | 2,098 | C |
|
| 585 Nw 116 St | Single Family | 836 | C |
|
| 570 Nw 116 Ter | Single Family | 1,525 | C |
|
| 420 Nw 116 St | Single Family | 1,414 | C |
|
| 525 Nw 116 Ter | Single Family | 1,016 | C |
|
| 515 Nw 116 Ter | Single Family | 1,155 | C |
|
| 535 Nw 116 Ter | Multi-family - less than 10 units | 1,682 | C |
|
| 431 Nw 116 St | Single Family | 1,076 | C |
|
| 590 Nw 116 St | Single Family | 1,483 | C |
|
| 545 Nw 116 Ter | Single Family | 1,014 | C |
|
| 505 Nw 116 Ter | Single Family | 1,099 | C |
|
| 595 Nw 115 St | Single Family | 1,074 | C |
|
| 450 Nw 117 St | Single Family | 978 | C |
|
Local Household Income
The median household income in this part of Florida is $51,244. The bottom 10% of the population earn less than $14,115 per year. The top 10% earn more than $176,321 per year. The top 1% earn more than $695,784 per year. Most renters earn between $28,044 (20th percentile) and $55,728 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $102,488 and $128,110.
The tax assessed value of this property places it in percentile 19 of all properties in this area. This suggests it would appeal to someone earning around $21,100 per year who should qualify for a mortgage between $42,200 and $52,750.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $1,035. Most renters earn between $2,337 and $4,644 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $717 (20th percentile) to $1,527 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 19 of all properties in this area. This corresponds to a rent of $705 per month and a monthly household income of $2,295 ($27,540 per year)
Nearby Companies
575 Nw 116th St
575 Nw 116th St
550 Nw 116th Ter
14030 Nw 5th Pl
430 Nw 116th St