Automotive Repair
For Sale
$1,674,999
105 NE 1st Rd, Homestead, FL 33030
Purpose-built automotive service property with B-3 zoning, dedicated office space, and a recently passed required recertification.
Property Size4,160 SF
Days on Market47
Property Features for 105 NE 1st Rd
General Information
Standard status
Active
Size
4,160 SF
Property subtype
Industrial
Building Details
Building Size
4,160 SF
Year Built
1976
Listing Agency:
The Keyes Company
Listed By:
George Reyes · License #3382387
(305) 986-4747
Source:
Elliman
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 26 at 5:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Keyes Company
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Investment Insights
Based on property information with market context.
This automotive repair property includes a ±4,160 SF building on a 15,000 SF lot. The purpose-built service layout has 10 open bays with approximately 14-foot clear height, plus a ±250 SF office with mezzanine. More than 15 on-site parking spaces support daily operations, and the building recently passed its required recertification.
The property is located at 105 NE 1st Rd near Homestead’s Downtown Historic District, Miami Dade College, US-1, City Hall, and the Homestead Police Department. The automotive business has operated at this location for over 35 years. B-3 zoning provides a commercial designation for the existing automotive use and other supported commercial applications.
The property is located at 105 NE 1st Rd near Homestead’s Downtown Historic District, Miami Dade College, US-1, City Hall, and the Homestead Police Department. The automotive business has operated at this location for over 35 years. B-3 zoning provides a commercial designation for the existing automotive use and other supported commercial applications.
Key Highlights
- ±4,160 SF automotive service building on a 15,000 SF lot
- 10 open service bays with approximately 14‑foot clear height
- ±250 SF office with mezzanine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,342
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,406,840
$1.4M
Cap Rate 7%
$1,004,886
$1.0M
Cap Rate 9%
$781,578
$781.6K
Market Conditions
NOI Build-Up for 4,160 SF
Gross rent
$109.8K $26.40/SF
− Vacancy
−$9.3K −$2.24/SF
EGI
$100.5K $24.16/SF
− OpEx
−$30.1K −$7.25/SF
NOI
$70.3K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,406,840
Cap Rate 7%
$1,004,886
Cap Rate 9%
$781,578
Alternative Uses
Best Use
Retail
$1.00M
$879.3K – $1.17M
NOI $70,342 @ 7.0% cap · market cap 4.20%
Second Best
Industrial
$641.6K
$561.4K – $748.5K
NOI $44,910 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,738 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,155
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 33030, FL
36,776
Population
11,217
Households
3.3
Avg Household Size
33
Median Age
15%
College-Educated
61%
High-School Grad
17.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$43,231
Median Household Income
$28,214
Median Earnings
$1,307
Median Rent
$382,200
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Acosta Electronics — 11 E Lucy St, Homestead, FL 33034
- Progressive Golf Carts Inc — 451 se 8th st lot 162, homestead, fl 33030
- BJ's Wholesale Club — 650 SE 8th St #7405, Homestead, FL 33034
- Quality Auto Performance — 292 SW 6th Ave, Homestead, FL 33030
- NP BODY SHOP — 284 SW 6th Ave, Homestead, FL 33030
Frequently Asked Questions
What type of property is this?
Auto shop - Purpose-built automotive service property with B-3 zoning, dedicated office space, and a recently passed required recertification.
Where is this auto shop located?
The property is located at 105 NE 1st Rd Homestead, FL.
What is the asking price?
The asking price for this property is $1,674,999.
What are key features of this property?
This property features: ±4,160 SF automotive service building on a 15,000 SF lot; 10 open service bays with approximately 14‑foot clear height; ±250 SF office with mezzanine
