Fenced Industrial Warehouse with
For Sale
$8,900,000
150 SW 14th Ave, Homestead, FL 33030
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 Market93
Property Features for 150 SW 14th Ave
General Information
Standard status
Active
Size
21,738 SF
Lot size
4.75 Acres
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1969
Listing Agency:
Coldwell Banker Schmitt R.E.
Listed By:
Yvette Doherty · License #3281170
(786) 236-8158
Source:
Thepennteam
Added: Jun 12
Changed: Sep 11
Last Checked: Sep 11 at 1:24PM
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 R.E.
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$284,964
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,699,280
$5.7M
Cap Rate 7%
$4,070,914
$4.1M
Cap Rate 9%
$3,166,267
$3.2M
Market Conditions
NOI Build-Up for 21,738 SF
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.
Gross rent
$354.8K $16.32/SF
− Vacancy
−$19.5K −$0.90/SF
EGI
$335.3K $15.42/SF
− OpEx
−$50.3K −$2.31/SF
NOI
$285.0K $13.11/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,699,280
Cap Rate 7%
$4,070,914
Cap Rate 9%
$3,166,267
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
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33030, FL
36,776
Population
11,217
Households
3.3
Avg Household Size
33
Median Age
15%
College-Educated
61%
High-School Grad
17.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$43,231
Median Household Income
$28,214
Median Earnings
$1,307
Median Rent
$382,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- North American Moving Services — 32100 SW 187th Ave Suite A, Homestead, FL 33030
- Homestead Transfer and Storage — 32100 SW 187th Ave, Homestead, FL 33030
- Self Storage — 715 W Mowry Dr, 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 14th Ave 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
