Fenced Industrial Warehouse with
150 SW 14 Avenue Homestead, FL 33030
For Sale
$8,900,000
Fully fenced industrial warehouse on a road-front site, built for flexible warehousing, distribution, and logistics operations.
Property Size21,738 SF
Lot Size4.75 Acres
Price / SF$409.42
Days on Market46
Property Features for 150 SW 14 Avenue
General Information
Standard status
Active
Size
21,738 SF
Lot size
4.75 Acres
Building Details
Year Built
1969
Listing Agency:
Coldwell Banker Schmitt Key Largo
(786) 236-8158
Listed By:
Yvette Doherty · License #3281170
(786) 236-8158
Source:
Laerrealty
Added: Jun 12
Changed: Jul 10
Last Checked: Jul 27 at 5:53AM
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 Coldwell Banker Schmitt Key Largo
Investment Insights
Based on property information with market context.
This for-sale industrial property comprises approximately 21,738 square feet of warehouse space on fully fenced land totaling 4.75 acres. The facility is constructed with durable Twin-T concrete roofing and CBS block walls, and includes a commercial truck scale, supporting a range of industrial uses. The site is laid out to accommodate both indoor operations and outdoor needs, with outdoor storage, vehicle parking, equipment staging, and container storage described as part of the property’s design and utility.
The property sits within the Urban Development Boundary (UDB) and offers approximately 328 feet of frontage on Redland Road (SW 187 Avenue). It extends approximately 632 feet in depth, creating a workable balance of building footprint and yard space for staging and operational flexibility.
With its warehouse improvements, fully fenced yard, and on-site commercial truck scale, the property is positioned for tenants and owners involved in warehousing, distribution, logistics, light manufacturing, moving and storage, or fleet-based operations. The combination of building capacity and dedicated outdoor space can help support day-to-day workflows that require both indoor processing and container or equipment handling on site.
The property sits within the Urban Development Boundary (UDB) and offers approximately 328 feet of frontage on Redland Road (SW 187 Avenue). It extends approximately 632 feet in depth, creating a workable balance of building footprint and yard space for staging and operational flexibility.
With its warehouse improvements, fully fenced yard, and on-site commercial truck scale, the property is positioned for tenants and owners involved in warehousing, distribution, logistics, light manufacturing, moving and storage, or fleet-based operations. The combination of building capacity and dedicated outdoor space can help support day-to-day workflows that require both indoor processing and container or equipment handling on site.
Key Highlights
- 4.75‑acre fully fenced industrial site with approximately 21,738 SF of warehouse space
- Year built 1969; CBS block walls with durable Twin‑T concrete roofing
- Road‑front frontage with approximately 328 ft on Redland Road (SW 187 Avenue) and depth of approximately 632 ft
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 | $354.8k | $16.32 |
| − Vacancy | −$19.5k | −$0.90 |
| EGI | $335.3k | $15.42 |
| − OpEx | −$50.3k | −$2.31 |
| NOI | $285.0k | $13.11 |
21,738 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.07M
$3.56M – $4.75M
NOI $284,964 @ 7.0% cap · market cap 3.20%
Second Best
Industrial
$3.35M
$2.93M – $3.91M
NOI $234,676 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$11.03M
$9.65M – $12.87M
NOI $772,002 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Self Storage — 715 W Mowry Dr, 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
Frequently Asked Questions
What type of property is this?
Warehouse - Fully fenced industrial warehouse on a road-front site, built for flexible warehousing, distribution, and logistics operations.
Where is this warehouse located?
The property is located at 150 SW 14 Avenue Homestead, FL.
What is the asking price?
The asking price for this property is $8,900,000.
What are key features of this property?
This property features: 4.75‑acre fully fenced industrial site with approximately 21,738 SF of warehouse space; Year built 1969; CBS block walls with durable Twin‑T concrete roofing; Road‑front frontage with approximately 328 ft on Redland Road (SW 187 Avenue) and depth of approximately 632 ft
