Homestead Industrial Condo For
238 NW 9th Ave 4 Homestead, FL 33030
For Sale
$385,000
1,409 SF industrial condo in Homestead's industrial district.
Property Size1,409 SF
Price / SF$273.24
Days on Market95
Property Features for 238 NW 9th Ave 4
General Information
Standard status
Active
Size
1,409 SF
Property subtype
Industrial
Building Details
Year Built
2005
Listing Agency:
CENTURY 21 Global Connections Realty
(786) 218-4602
Listed By:
Jacqueline Lazo · License #3112232
(786) 218-4602
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 11:12AM
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 CENTURY 21 Global Connections Realty
Investment Insights
Based on property information with market context.
This 1,409 SF industrial condo, constructed in 2005 to post-Andrew Miami Dade standards, features reinforced concrete construction and is located in Homestead's industrial district. The property includes a 12x14 roll-up door, a private office, a restroom, and parking. Zoned 6600 Commercial light manufacturing (LU4118), the condo offers flexible business use and is ideal for trades and storage. The location is in an Opportunity Zone and provides convenient access to US-1 and the Florida Turnpike. The property has a walk score of 18, a bike score of 37, and a transit score of 39.
Key Highlights
- Reinforced concrete construction built to post‑Andrew Miami Dade standards.
- Prime Homestead location minutes from US‑1 and Florida Turnpike.
- Flexible business use with 6600 Commercial light manufacturing (LU4118) zoning.
Financial Insights For Flex RnD
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 | $50.7k | $36.00 |
| − Vacancy | −$3.0k | −$2.16 |
| EGI | $47.7k | $33.84 |
| − OpEx | −$16.7k | −$11.84 |
| NOI | $31.0k | $22.00 |
1,409 SF · lease $36.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$442.7K
$387.4K – $516.5K
NOI $30,992 @ 7.0% cap · market cap 8.05%
Second Best
Warehouse
$263.9K
$230.9K – $307.9K
NOI $18,471 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$714.8K
$625.5K – $834.0K
NOI $50,039 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - 1,409 SF industrial condo in Homestead's industrial district.
Where is this flex space located?
The property is located at 238 NW 9th Ave 4 Homestead, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Reinforced concrete construction built to post‑Andrew Miami Dade standards.; Prime Homestead location minutes from US‑1 and Florida Turnpike.; Flexible business use with 6600 Commercial light manufacturing (LU4118) zoning.
