Industrial Condo with Roll-Up
238 NW 9th Avenue Homestead, FL 33030
For Sale
$385,000
COMMERCIAL - Homestead, FL
Property Size1,409 SF
Lot Size0.03 Acres
Price / SF$273.24
Days on Market272
Property Features for 238 NW 9th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
6600
Parking
1
Parking features
Guest, Assigned
Standard status
Active
APN
1078130630040
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
EANY INVESTMENT CONDO UNIT 4 UNDIV 16.6660% INT IN COMMON ELEMENTS OFF REC 23300-3693 COC 24773-3693 07 2006 1
Tax Annual Amount
3343
Building Details
Year built
2005
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
CBS
Roof type
Concrete
Listing Agency:
Century 21 Global Connections
(954) 284-3400
Listed By:
Jacqueline Lazo · License #3112232
(786) 218-4602
Added: Oct 29, 2025
Changed: Jul 24
Last Checked: Jul 27 at 5:06PM
MLS# F10534151
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,409 SF industrial condo was built in 2005 and constructed with reinforced concrete. The space includes a 12x14 roll-up door, a private office, a restroom, and on-site parking to support day-to-day operations.
The property is located in Homestead’s industrial district. It is zoned 6600 for commercial light manufacturing (LU4118), allowing flexible business use such as trades and storage.
With its roll-up access and enclosed workspace, the layout is well-suited for users needing practical warehouse-style functionality within a small-footprint condo configuration.
The property is located in Homestead’s industrial district. It is zoned 6600 for commercial light manufacturing (LU4118), allowing flexible business use such as trades and storage.
With its roll-up access and enclosed workspace, the layout is well-suited for users needing practical warehouse-style functionality within a small-footprint condo configuration.
Key Highlights
- 1,409 SF industrial condo built in 2005 with reinforced concrete construction (CBS).
- 12x14 roll‑up door for loading and business operations.
- Includes private office and restroom.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.7k | $36.00 |
| − Vacancy | −$3.0k | −$2.16 |
| EGI | $47.7k | $33.84 |
| − OpEx | −$16.7k | −$11.84 |
| NOI | $31.0k | $22.00 |
1,409 SF · lease $36.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$442.7K
$387.4K – $516.5K
NOI $30,992 @ 7.0% cap · market cap 8.05%
Second Best
Warehouse
$263.9K
$230.9K – $307.9K
NOI $18,471 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$714.8K
$625.5K – $834.0K
NOI $50,039 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Smoke & Spice — 436 NW 10th Ave, Homestead, FL 33030
Frequently Asked Questions
What type of property is this?
Flex space - Industrial condo built in 2005 featuring a 12x14 roll-up door, private office, restroom, and parking.
Where is this flex space located?
The property is located at 238 NW 9th Avenue Homestead, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,409 SF industrial condo built in 2005 with reinforced concrete construction (CBS).; 12x14 roll‑up door for loading and business operations.; Includes private office and restroom.
