New Warehouse Facility in
For Sale
Contact for pricing
Pending
146 SW 2nd St, Homestead, FL 33030
New 16,153 SF warehouse with owner financing available.
Property Size16,153 SF
Lot Size0.62 Acres
Days on Market767
Property Features for 146 SW 2nd St
General Information
Standard status
Pending
Size
16,153 SF
Class
A
Total Parking Spaces
11
Lot size
0.62 Acres
Property subtype
Industrial
Zoning
SWPUN-IND
Lease Type
Modified Gross
Building Details
Year Built
2024
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Lee & Associates - Miami
Listed By:
Andrew Whitby · License #FL 3439946
(305) 255-2622
Source:
Crexi
Added: Sep 20, 2024
Changed: Oct 25
Last Checked: Oct 24 at 6:03PM
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 Lee & Associates - Miami
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a new construction 16,153 SF warehouse facility situated on a 27,000 SF lot. Constructed with pre-fabricated steel, the warehouse offers durability and efficiency. The main warehouse area features ceiling clearances of 33' at the center and 22' at the sides. An additional 2,500 SF office or storage area provides 24' center clearance and 16' at the sides. The property includes two dock-height loading bays with 27' center clearance and one street-level door. It is equipped with three-phase power, a full fire suppression system, city sewer and water connections, and 11 assigned parking spaces. Located in Downtown Homestead, FL, the property offers accessibility and is near US-1 and the Florida Turnpike. The warehouse's location in a commercial area ensures proximity to local services and a growing population base.
Key Highlights
- Owner financing available
- New Construction (2024) 16,153 SF Warehouse on 27,000 SF Lot
- High Ceiling Clearances:** 33' Center / 22' Sides in Main Warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$211,750
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,235,000
$4.2M
Cap Rate 7%
$3,025,000
$3.0M
Cap Rate 9%
$2,352,778
$2.4M
Market Conditions
NOI Build-Up for 16,153 SF
Gross rent
$263.6K $16.32/SF
− Vacancy
−$14.5K −$0.90/SF
EGI
$249.1K $15.42/SF
− OpEx
−$37.4K −$2.31/SF
NOI
$211.8K $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 Rate 5%
$4,235,000
Cap Rate 7%
$3,025,000
Cap Rate 9%
$2,352,778
Alternative Uses
Best Use
Office B
$6.12M
$5.35M – $7.14M
NOI $428,135 @ 7.0% cap · market cap 10.98%
Second Best
Warehouse
$3.02M
$2.65M – $3.53M
NOI $211,750 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$8.20M
$7.17M – $9.56M
NOI $573,657 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,011
Businesses Nearby
Balanced
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Florida City Self Storage — 13 E Lucy St, Florida City, FL 33034
- Toptastenflavors — 701 S Homestead Blvd, Homestead, FL 33030
- CubeSmart Self Storage — 701 S Homestead Blvd, Homestead, FL 33030
- Self Storage — 715 W Mowry Dr, Homestead, FL 33030
- El Rey Jesus Homestead — 255 NE 2nd Dr, Homestead, FL 33030
Frequently Asked Questions
What type of property is this?
Warehouse - New 16,153 SF warehouse with owner financing available.
Where is this warehouse located?
The property is located at 146 SW 2nd St Homestead, FL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Owner financing available; New Construction (2024) 16,153 SF Warehouse on 27,000 SF Lot; High Ceiling Clearances:** 33' Center / 22' Sides in Main Warehouse
