Insulated Warehouse with Dock
For Sale
$5,900,000
29055 SW 107th Ave, Homestead, FL 33033
COMMERCIAL - Homestead, FL
Property Size35,796 SF
Lot Size5.03 Acres
Price / SF$164.82
Days on Market58
Property Features for 29055 SW 107th Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security Lighting
Subdivision
10
Standard status
Active
APN
30-70-05-000-0023
Lot size
5.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
5 57 40 5.032 AC M/L BEG 35FTE & 452.71FTS OF NW COR OF SW1/4 CONT S425FT E697.03FT N 55 DEG 257.85FT N277.97FT W83.33 FT TO POB LESS W5FT F
Tax Annual Amount
40044
Legal Description
5 57 40 5.032 AC M/L BEG 35FTE & 452.71FTS OF NW COR OF SW1/4 CONT S425FT E697.03FT N 55 DEG 257.85FT N277.97FT W83.33 FT TO POB LESS W5FT F
Utilities
Sewer type
Septic Tank
Water source
Well
Amenities
Security system
Building Details
Building materials
Aluminum Siding
Roof type
Metal
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Shevaun Gandy · License #3097141
(305) 244-2398
Added: Jun 18
Changed: Aug 4
Last Checked: Aug 14 at 5:06AM
MLS# A11921561
Copyright © 2026 Miami REALTORS®. 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.
Built in 2015, this insulated steel warehouse offers 26-foot high ceilings and a secured, fenced outdoor area. The facility includes two dock-height doors and three drive-up doors, along with ample outdoor storage and parking. Electrical service includes an 800-amp 480/277V three-phase system, plus (2) 400-amp 120/240V three-phase systems, and the building is equipped with a security system and exterior lighting.
The property sits on a 5-acre lot with 4 acres described as usable. Additional white hurricane impact tents provide 6,000–7,000 square feet of usable space and are currently rented on a month-to-month basis. The listing notes proximity to the Turnpike, Homestead Air Base, and major distribution centers, supporting distribution-oriented access.
The property is offered for sale and is also described as available for lease and can be divided. All information is deemed accurate but must be verified by the consumer.
The property sits on a 5-acre lot with 4 acres described as usable. Additional white hurricane impact tents provide 6,000–7,000 square feet of usable space and are currently rented on a month-to-month basis. The listing notes proximity to the Turnpike, Homestead Air Base, and major distribution centers, supporting distribution-oriented access.
The property is offered for sale and is also described as available for lease and can be divided. All information is deemed accurate but must be verified by the consumer.
Key Highlights
- 2015 insulated steel building totaling 35,796 SF on a 5‑acre lot (4 useable)
- 26‑ft high ceilings plus insulated steel construction with aluminum siding and a metal roof
- Secure fenced lot with ample outdoor storage and plenty of parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$469,251
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,385,020
$9.4M
Cap Rate 7%
$6,703,586
$6.7M
Cap Rate 9%
$5,213,900
$5.2M
Market Conditions
NOI Build-Up for 35,796 SF
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.
Gross rent
$584.2K $16.32/SF
− Vacancy
−$32.1K −$0.90/SF
EGI
$552.1K $15.42/SF
− OpEx
−$82.8K −$2.31/SF
NOI
$469.3K $13.11/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,385,020
Cap Rate 7%
$6,703,586
Cap Rate 9%
$5,213,900
Alternative Uses
Best Use
Warehouse
$6.70M
$5.87M – $7.82M
NOI $469,251 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.16M
$15.89M – $21.19M
NOI $1,271,257 @ 7.0% cap · market cap 21.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
26 ft
Clear height
2
Dock-high doors
3
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 33033, FL
66,871
Population
21,426
Households
3.1
Avg Household Size
34
Median Age
23%
College-Educated
79%
High-School Grad
22.3 sq mi
ZIP Area
2,999
Density / Sq Mi
$66,662
Median Household Income
$37,018
Median Earnings
$1,648
Median Rent
$364,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Insulated steel warehouse with high ceilings, fenced lot, and multiple dock and drive-up doors.
Where is this warehouse located?
The property is located at 29055 SW 107th Ave Homestead, FL.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 2015 insulated steel building totaling 35,796 SF on a 5‑acre lot (4 useable); 26‑ft high ceilings plus insulated steel construction with aluminum siding and a metal roof; Secure fenced lot with ample outdoor storage and plenty of parking
