Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    29345 SW 152Nd Ave Homestead, FL 33033

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $30 SF/Yr

    End-cap retail space in Leisure City's only retail center.

    Property size:
    18,691 SF
    Lot size:
    18,691 SF

    Property Features for 29345 SW 152Nd Ave

    General Information

    Size
    18,691 SF

    Building Details

    Year built
    1956

    We can help!

    Listing Contact
    Michael Avendano
    Source: Lee-associates

    Listing Agent: Michael Avendano

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Leisure City End-Cap Retail Space

    This 2,772 SF end-cap retail space is available for rent in Leisure City. Situated in the only retail center in the area, it is positioned to serve local residents and traffic along the main thoroughfare connecting major retailer centers at Turnpike/Campbell Dr and US-1 S Dixie Hwy. The space offers exposure to the adjacent Exxon Gas Station. Formerly a 2nd generation restaurant, it includes a grease trap and hood, and offers flexible options for service-oriented retail and medical office operations. The center provides ample parking, including 25 spaces and overnight truck parking, and enhanced security measures with a dedicated security team monitoring the premises for 12 hours daily. Co-tenants include Metro PCS, a barber shop, La Michoacana, and a local market. Located between US-1 and Florida Turnpike, the retail strip center offers accessibility. It is 3.6 miles from Downtown Homestead, at the heart of a commercial and residential corridor. The center benefits from high visibility and easy ingress and egress.
    Location Intelligence

    Current Use by Public Records

    Simple mobile Cell Phone Store 1 Stop Party ... Party Equipment Rental Service Crazy Unlock Cell ... Phone Repair Service Celebrity 💇🏽‍♂️Kutz/ Recording ... Barber Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.436294
    Latitude
    25.494417

    Nearby Similar for Lease

    • $7,500 /Mo
      108,900 SF

      Homestead Venue with Multiple Residences

      2+ acre Homestead property with 3 homes and pool.
      25040 SW 222Nd Ave, Homestead, FL 33032
      View Details
    • $1,500 /Mo

      Retail Space in High-Traffic Area

      Sub-rent space in busy salon, ideal for beauty-related services.
      33521 S Dixie Hwy, Homestead, FL 33034
      View Details
    • $4,305 /Mo

      Retail Space on Krome Avenue

      Commercial space for rent, ideal for retail, office, or showroom.
      112 N Krome Ave, Homestead, FL 33030
      View Details
    • New
      $2,900 /Mo

      Homestead Industrial Condo For Rent

      Industrial condo with roll-up door, office, restroom, and parking.
      238 NW 9Th Ave, Homestead, FL 33030
      View Details
    • $6,399 /Mo

      Downtown Homestead Retail/Office Space

      Renovated retail/office space in downtown Homestead with high visibility.
      51 N Krome Ave, Homestead, FL 33030
      View Details
    • $3,000 /Mo

      Homestead Office Space For Rent

      Modern 1,180 SF office suite in Homestead, Florida.
      925 NE 30Th Ter, Homestead, FL 33033
      View Details
    • $5,000 /Mo
      188,615 SF

      Homestead Agricultural Land for Lease

      Almost 5-acre agricultural land with business opportunities in Redland area.
      24350 SW 182Nd Ave, Homestead, FL 33031
      View Details
    • New
      $2,750 /Mo

      Industrial Condo in Homestead, Florida

      1250 sq ft industrial condo for rent in Homestead.
      416 NW 10Th Ave, Homestead, FL 33030
      View Details
    • $34 SF/Yr
      61,062 SF

      Homestead Office Space Available

      Versatile office space for lease in Homestead, Florida.
      925 Northeast 30Th Ter, Homestead, FL 33033
      View Details
    • $20 SF/Yr
      16 SF

      New Warehouse Facility in Homestead

      16,153 SF warehouse with office space, completion December 2024.
      146 SW 2Nd St, Homestead, FL 33030
      View Details
    • $2,699 /Mo

      New 3/2 Duplex Unit

      Spacious 3/2 duplex unit with garage, ready for move-in.
      14608 SW 261St Ter, Homestead, FL 33032
      View Details
    • $2,750 /Mo

      New Duplex Unit For Rent

      Spacious 3/2 duplex unit with garage and modern amenities.
      14560 SW 261St Ter, Homestead, FL 33032
      View Details

    FAQs

    What type of property is this?
    Retail space - End-cap retail space in Leisure City's only retail center.
    Where is this retail space located?
    The property is located at 29345 SW 152Nd Ave Homestead, FL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - Prime end-cap location in Leisure City's only retail center.; - High visibility, with exposure to the adjacent Exxon gas station.; - Flexible space suitable for various service-oriented retail and medical office uses, including a 2nd generation restaurant setup.
    (305) 484-4666
    Request Owner's contact information
    29345 SW 152Nd Ave Homestead, FL 33033
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29345 SW 152Nd Ave
    Homestead, FL 33033
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    29345 SW 152Nd Ave Homestead, FL 33033
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Avendano
    (305) 484-4666
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.