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    Warehouse Facility with Optional Lot Title is generated by Realmo AI

    146 SW 2nd Ave, Homestead, FL

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    16,153 SF warehouse with optional 13,500 SF lot.

    Type:INDUSTRIAL
    Property size:
    16,153 SF
    Lot size:
    0.62 Acres
    Price / SF:
    $241/SF
    Added:
    Nov 29, 2024
    Days on Market:
    556
    Last Refresh:
    May 20 at 8:10 pm

    Property Features for 146 SW 2nd Ave

    General Information

    Standard status
    Active
    Size
    16,153 SF
    Lot size
    0.62 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 146 SW 2nd Ave Contact us

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    Listing Contact
    Andrew Whitby
    Andrew Whitby

    Listing agent Andrew Whitby License #3439946

    Listing office Lee & Associates | Miami

    Listing date Nov 29, 2024

    Source Moodyscre

    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 Lee & Associates | Miami

    HighLights

    • 16,153 SF warehouse facility with high clearance, 33' center, 22' side.
    • Includes 2,500 SF of office/storage space with high clearance, 24' center, 16' side.
    • Equipped with two dock‑height loading bays and one street‑level door.
    • Features three‑phase power and a full fire suppression system.
    • Benefit from city sewer and water connections.
    • Option to lease an additional 13,500 SF lot.

    Overview

    This 16,153 SF warehouse facility includes a main warehouse area with 33' center clearance and 22' side clearance. An additional 2,500 SF office/storage area features 24' center clearance and 16' side clearance. The property is equipped with two dock-height loading bays and one street-level door. It includes three-phase power and a full fire suppression system. The building has city sewer and water connections and 11 assigned parking spaces. An optional 13,500 SF lot is available for lease.

    Local Financial Insights For Warehouse

    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 $263.6k $16.32
    − Vacancy −$14.5k −$0.90
    EGI $249.1k $15.42
    − OpEx −$37.4k −$2.31
    NOI $211.8k $13.11
    16,153 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $3.02M
    $2.65M – $3.53M (±1% cap)
    NOI $211,750 @ 7.0% cap · market cap 5.43%
    Second Best
    Industrial
    $2.49M
    $2.18M – $2.91M (±1% cap)
    NOI $174,383 @ 7.0% cap · market cap 4.47%
    Theoretical Best
    Office A
    $8.20M
    $7.17M – $9.56M (±1% cap)
    NOI $573,657 @ 7.0% cap · market cap 14.71%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Florida City Self Storage — 13 E Lucy St, Florida City, FL 33034
    • CubeSmart Self Storage — 701 S Homestead Blvd, Homestead, FL 33030
    • Toptastenflavors — 701 S Homestead Blvd, Homestead, FL 33030
    • North American Moving Services — 32100 SW 187th Ave Suite A, Homestead, FL 33030
    • Homestead Transfer and Storage — 32100 SW 187th Ave, Homestead, FL 33030

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.4796
    Latitude
    25.446

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    FAQs

    What type of property is this?
    Warehouse - 16,153 SF warehouse with optional 13,500 SF lot.
    Where is this warehouse located?
    The property is located at 146 SW 2nd Ave Homestead, FL.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: 16,153 SF warehouse facility with high clearance, 33' center, 22' side.; Includes 2,500 SF of office/storage space with high clearance, 24' center, 16' side.; Equipped with two dock‑height loading bays and one street‑level door.
    (305) 608-1970 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew Whitby
    Andrew Whitby
    Real Estate License ID: 3439946
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