Fenced Warehouse
For Sale
$8,900,000
150 SW 14 Avenue, Homestead, FL 33030
Commercial Sale, FL
Property Size21,738 SF
Lot Size4.74 Acres
Price / SF$409.42
Days on Market95
Property Features for 150 SW 14 Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OTH - Key Colony Other Zo
Appliances
No Appliances
Subdivision
Other (999.9)
View
Water
Directions
1 lot to South on the Corner of Mowry Dr and Redland Road. Property fronts Redland Road
Standard status
Active
APN
1078140001032
Lot size
4.74 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
14 57 38 4.74 Ac S1/2 Of Ne1/4 Of Ne1/4 Of Se1/4 Less E35ft Lot Size Irregular Or 19564-4131 0301 4
Tax Annual Amount
29520
Legal Description
14 57 38 4.74 Ac S1/2 Of Ne1/4 Of Ne1/4 Of Se1/4 Less E35ft Lot Size Irregular Or 19564-4131 0301 4
Building Details
Year built
1969
Building materials
CBS, Concrete
Listing Agency:
Coldwell Banker Schmitt Key Largo
(305) 451-4422
Listed By:
Yvette Doherty · License #3281170
(786) 236-8158
Added: Jun 8
Changed: Aug 31
Last Checked: Sep 10 at 8:06AM
MLS# 620210
Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse property includes approximately 21,738 square feet of space within a fully fenced industrial site. The improvements feature CBS block construction, Twin-T concrete roofing, and a commercial truck scale. Built in 1969, the facility is configured for industrial operations requiring enclosed warehouse capacity and supporting site improvements.
The property lies within the Urban Development Boundary in Homestead, Florida. Approximately 328 feet of frontage on Redland Road and an estimated depth of 632 feet provide substantial exterior area for storage, vehicle parking, equipment staging, and containers. The site’s physical configuration also supports distribution, logistics, manufacturing, moving and storage, and fleet-oriented operations.
The property lies within the Urban Development Boundary in Homestead, Florida. Approximately 328 feet of frontage on Redland Road and an estimated depth of 632 feet provide substantial exterior area for storage, vehicle parking, equipment staging, and containers. The site’s physical configuration also supports distribution, logistics, manufacturing, moving and storage, and fleet-oriented operations.
Key Highlights
- Approximately 21,738 square feet of warehouse space
- Fully fenced 4.74‑acre industrial site
- Approximately 328 feet of frontage on Redland Road (SW 187 Avenue)
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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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
458
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 Industrial in South region
Questions? Ask Rey
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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 - Fenced industrial facility with warehouse space, a commercial truck scale, and outdoor operating areas.
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: Approximately 21,738 square feet of warehouse space; Fully fenced 4.74‑acre industrial site; Approximately 328 feet of frontage on Redland Road (SW 187 Avenue)
