Distribution Center with Loading
For Sale
Contact for pricing
1551 SE 36th Avenue, Homestead, FL 33035
Office and showroom space complements the warehouse, with dock-level and ramp access for receiving and dispatch.
Property Size32,453 SF
Price / SF$0.00
Days on Market66
Property Features for 1551 SE 36th Avenue
General Information
Standard status
Active
Size
32,453 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
24 ft
Office Build-Out
1,100 SF
Dock-High Doors
5
Drive-In Doors
1
Additional Details
Property Use
Distribution Center
Building Details
Year Built
2017
Listing Agency:
Stephen R. Rigl, PA
Listed By:
Stephen R. Rigl · License #0430522
(305) 546-6933
Source:
Wycliffecommunityrealty
Added: Sep 1
Changed: Nov 4
Last Checked: Nov 4 at 2:21AM
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 Stephen R. Rigl, PA
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Investment Insights
Based on property information with market context.
This 19,400-square-foot distribution center includes approximately 1,100 square feet of office and showroom space. The warehouse has 24-foot ceilings, five dock-height rollover doors, and one drive-up ramp. Parking is provided at a ratio of 1.48 spaces per 1,000 square feet of gross building area.
Key Highlights
- 19,400‑square‑foot distribution center
- Approximately 1,100 SF of office and showroom area
- Five dock‑height rollover doors and one drive‑up ramp
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$350,352
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,007,040
$7.0M
Cap Rate 7%
$5,005,029
$5.0M
Cap Rate 9%
$3,892,800
$3.9M
Market Conditions
NOI Build-Up for 32,453 SF
Gross rent
$529.6K $16.32/SF
− Vacancy
−$29.1K −$0.90/SF
EGI
$500.5K $15.42/SF
− OpEx
−$150.2K −$4.63/SF
NOI
$350.4K $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%
$7,007,040
Cap Rate 7%
$5,005,029
Cap Rate 9%
$3,892,800
Alternative Uses
Best Use
Warehouse
$6.08M
$5.32M – $7.09M
NOI $425,428 @ 7.0% cap · market cap 2,836,186.67%
Second Best
Industrial
$5.01M
$4.38M – $5.84M
NOI $350,352 @ 7.0% cap · market cap 2,335,680.00%
Theoretical Best
Office A
$16.46M
$14.41M – $19.21M
NOI $1,152,534 @ 7.0% cap · market cap 7,683,560.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
24 ft
Clear height
5
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Distribution center - Office and showroom space complements the warehouse, with dock-level and ramp access for receiving and dispatch.
Where is this distribution center located?
The property is located at 1551 SE 36th Avenue Homestead, FL.
What are key features of this property?
This property features: 19,400‑square‑foot distribution center; Approximately 1,100 SF of office and showroom area; Five dock‑height rollover doors and one drive‑up ramp
