Air-Conditioned Warehouse
For Sale
$750,000
15-1770 Se 38th Ave, Homestead, FL 33035
Gated entry, camera surveillance, and an on-site restroom with shower add practical features for storage or business use.
Property Size1,960 SF
Price / SF$382.65
Days on Market11
Property Features for 15-1770 Se 38th Ave
General Information
Standard status
Active
Size
1,960 SF
Warehouse & Industrial
Clear Height
20 ft
Sprinkler System
Yes
Conditioned Warehouse
Yes
Amenities
private restroom with shower
24/7 cameras
gated access
Building Details
Construction
tilt-up concrete
Listing Agency:
Swenson & Ecuyer Realty
(305) 367-3600
Listed By:
Olga Grant · License #3278840
(786) 647-8076
Source:
Exprealty
Added: Oct 2
Changed: Oct 10
Last Checked: Oct 11 at 12:19PM
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 Swenson & Ecuyer Realty
Investment Insights
Based on property information with market context.
This 1,960-square-foot warehouse unit has air conditioning, 20-foot ceilings, and a 14-foot by 14-foot hurricane-resistant roll-up door. A private restroom with a shower serves the space. The building uses concrete tilt-up construction and includes fire sprinklers.
Gated entry and 24/7 camera coverage secure the facility. The property is across from Homestead Speedway. Its combination of enclosed warehouse space and vehicle access supports storage and business operations.
Gated entry and 24/7 camera coverage secure the facility. The property is across from Homestead Speedway. Its combination of enclosed warehouse space and vehicle access supports storage and business operations.
Key Highlights
- 1,960 sq. ft. warehouse unit with air conditioning
- 20‑ft ceilings and a hurricane‑resistant 14’x14’ roll‑up door
- Private restroom with shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,694
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,880
$513.9K
Cap Rate 7%
$367,057
$367.1K
Cap Rate 9%
$285,489
$285.5K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$32.0K $16.32/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$30.2K $15.42/SF
− OpEx
−$4.5K −$2.31/SF
NOI
$25.7K $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%
$513,880
Cap Rate 7%
$367,057
Cap Rate 9%
$285,489
Alternative Uses
Best Use
Warehouse
$367.1K
$321.2K – $428.2K
NOI $25,694 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$994.4K
$870.1K – $1.16M
NOI $69,607 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33035, FL
18,065
Population
6,711
Households
2.7
Avg Household Size
33
Median Age
28%
College-Educated
92%
High-School Grad
29.5 sq mi
ZIP Area
612
Density / Sq Mi
$67,601
Median Household Income
$37,785
Median Earnings
$1,855
Median Rent
$310,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Gated entry, camera surveillance, and an on-site restroom with shower add practical features for storage or business use.
Where is this warehouse located?
The property is located at 15-1770 Se 38th Ave Homestead, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,960 sq. ft. warehouse unit with air conditioning; 20‑ft ceilings and a hurricane‑resistant 14’x14’ roll‑up door; Private restroom with shower
