Distribution Center with Dock
For Sale
Contact for pricing
1551 SE 36th Ave, Homestead, FL 33035
Modern industrial facility with warehouse space, office/showroom accommodations, dock loading, and drive-up access.
Property Size32,453 SF
Price / SF$0.00
Days on Market48
Property Features for 1551 SE 36th Ave
General Information
Standard status
Active
Size
32,453 SF
Property subtype
Industrial
Building Details
Building Size
32,453 SF
Year Built
2017
Listing Agency:
The Keyes Company
Listed By:
Sonia Diaz · License #3245875
(305) 785-2687
Source:
Elliman
Added: Sep 5
Changed: Oct 17
Last Checked: Oct 20 at 7:29PM
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 The Keyes Company
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Investment Insights
Based on property information with market context.
This industrial distribution facility contains 19,400 SF built around warehouse operations and supported by an approximately 1,100 SF office and showroom area. Loading infrastructure includes five dock-height roll-up doors and one drive-up ramp, while the building offers 24-foot ceiling clearance. On-site parking is provided at a ratio of 1.48 spaces per 1,000 GBA.
Located at 1551 SE 36th Ave in Homestead, the property has a Walk Score of 8, a Bike Score of 27, and a Transit Score of 0, reflecting a car-dependent setting without nearby transit service.
Located at 1551 SE 36th Ave in Homestead, the property has a Walk Score of 8, a Bike Score of 27, and a Transit Score of 0, reflecting a car-dependent setting without nearby transit service.
Key Highlights
- 19,400 SF distribution center
- Approximately 1,100 SF office/showroom area
- Five dock height roll over doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$209,436
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,188,720
$4.2M
Cap Rate 7%
$2,991,943
$3.0M
Cap Rate 9%
$2,327,067
$2.3M
Market Conditions
NOI Build-Up for 19,400 SF
Gross rent
$316.6K $16.32/SF
− Vacancy
−$17.4K −$0.90/SF
EGI
$299.2K $15.42/SF
− OpEx
−$89.8K −$4.63/SF
NOI
$209.4K $10.80/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,188,720
Cap Rate 7%
$2,991,943
Cap Rate 9%
$2,327,067
Alternative Uses
Best Use
Warehouse
$3.63M
$3.18M – $4.24M
NOI $254,315 @ 7.0% cap · market cap 1,695,433.33%
Second Best
Industrial
$2.99M
$2.62M – $3.49M
NOI $209,436 @ 7.0% cap · market cap 1,396,240.00%
Theoretical Best
Office A
$9.84M
$8.61M – $11.48M
NOI $688,971 @ 7.0% cap · market cap 4,593,140.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Distribution center - Modern industrial facility with warehouse space, office/showroom accommodations, dock loading, and drive-up access.
Where is this distribution center located?
The property is located at 1551 SE 36th Ave Homestead, FL.
What are key features of this property?
This property features: 19,400 SF distribution center; Approximately 1,100 SF office/showroom area; Five dock height roll over doors
