Homestead Commercial Property For
395 N Flagler Ave Homestead, FL 33030
395 N Flagler Ave, Homestead, FL, 33030
$2,100,000
For Sale
$2,100,000
Commercial property in Homestead with redevelopment potential.
Property Size6,212 SF
Lot Size0.34 Acres
Price / SF$338.06
Days on Market133
Property Features for 395 N Flagler Ave
General Information
- Standard status
- Active
- Size
- 6,212 SF
- Lot size
- 0.34 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1968
Listing agency
Avanti Way Realty
(786) 229-0157
Listed by
Julio Guzman · License #3215727
(786) 229-0157
Source
Elliman
Added: Mar 11 Updated: Jul 10 at 3:49PM Checked: Jul 21 at 6:20AM
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 Avanti Way Realty
Investment Insights
Based on property information with market context.
This commercial property is located in Homestead and includes a 6,212 square foot freestanding building situated on a 15,000 square foot lot. The property is currently occupied by Triana Fence & Supply, a fence manufacturer and supplier. It is zoned Commercial B-3, which allows for uses such as a storage yard or light manufacturing. The property is located within the Rapid Transit Development Overlay (RTDO), which permits up to 31 units per acre and a maximum of four stories. The property has high visibility on N Flagler Ave and is located in a growing market.
Key Highlights
- Drastically reduced price on commercial property.
- 6,212 SF freestanding building on a 15,000 SF lot.
- Zoned Commercial B‑3, suitable for storage, light manufacturing, or redevelopment.
Local Financial Insights For Industrial
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 | $101.4k | $16.32 |
| − Vacancy | −$5.6k | −$0.90 |
| EGI | $95.8k | $15.42 |
| − OpEx | −$28.7k | −$4.63 |
| NOI | $67.1k | $10.80 |
6,212 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$958.0K
$838.3K – $1.12M
NOI $67,063 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.76M – $3.68M
NOI $220,613 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triana Fence Supply
Building Supply
Hardy Power Washers ...
Landscaping
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Commercial property in Homestead with redevelopment potential.
Where is this manufacturing property located?
The property is located at 395 N Flagler Ave Homestead, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Drastically reduced price on commercial property.; 6,212 SF freestanding building on a 15,000 SF lot.; Zoned Commercial B‑3, suitable for storage, light manufacturing, or redevelopment.
