E&M Warehouse Development
For Sale
Contact for pricing
1750 SE 38 Ave, Homestead, FL 33035
New construction warehouse development perfect for businesses and storage needs.
Property Size3,873 SF
Price / SF$390
Days on Market160
Property Features for 1750 SE 38 Ave
General Information
Standard status
Active
Size
3,873 SF
Property subtype
Industrial, Self Storage, Special Purpose
Investment Type
Value Add
Building Details
Year Built
2024
Stories
1
Units
1
Listing Agency:
Florida 1st Realty-Commercial Services
Listed By:
Paul Ergon · License #SL517118
Source:
Crexi
Added: Mar 18
Changed: Aug 10
Last Checked: Aug 23 at 10:46AM
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 Florida 1st Realty-Commercial Services
Investment Insights
Based on property information with market context.
The E&M Warehouse Development in Homestead, FL, offers spaces suitable for small businesses, assembly, distributors, online sales, racecar teams, and car, boat, and motorhome storage. The new construction property provides secure storage for car collections, boats, and motorhomes. It is suitable for small business, product distribution, and inventory storage. Positioned across from Homestead-Miami Speedway, the property includes a motorhome waste station on-site, a fire sprinkler system, fully air-conditioned units, and private bathrooms with showers. The units feature 20' high ceilings and 14x14 hurricane electric garage doors. Automatic rolling entry gates provide 24-hour security and access, supplemented by exterior security cameras. The available space is 3873 Sq Ft.
Key Highlights
- Ideal for businesses needing storage or workspace: Perfect for small businesses, assembly, distributors, online sales, racecar teams, or vehicle storage.
- Secure 24/7 access: Automatic rolling entry gates, exterior security cameras, and hurricane‑resistant doors ensure security and accessibility.
- Spacious units with high ceilings: Units offer 1989 or 3873 sq ft of space with 20' high ceilings.
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
$65,489
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
4.34%
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%
$1,309,780
$1.3M
Cap Rate 7%
$935,557
$935.6K
Cap Rate 9%
$727,656
$727.7K
Market Conditions
NOI Build-Up for 3,873 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
$102.2K $26.40/SF
− Vacancy
−$8.7K −$2.24/SF
EGI
$93.6K $24.16/SF
− OpEx
−$28.1K −$7.25/SF
NOI
$65.5K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,309,780
Cap Rate 7%
$935,557
Cap Rate 9%
$727,656
Alternative Uses
Best Use
Retail
$935.6K
$818.6K – $1.09M
NOI $65,489 @ 7.0% cap · market cap 4.34%
Second Best
Warehouse
$725.3K
$634.6K – $846.2K
NOI $50,771 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,546 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - New construction warehouse development perfect for businesses and storage needs.
Where is this warehouse located?
The property is located at 1750 SE 38 Ave Homestead, FL.
What is the asking price?
The asking price for this property is $1,510,470.
What are key features of this property?
This property features: Ideal for businesses needing storage or workspace: Perfect for small businesses, assembly, distributors, online sales, racecar teams, or vehicle storage.; Secure 24/7 access: Automatic rolling entry gates, exterior security cameras, and hurricane‑resistant doors ensure security and accessibility.; Spacious units with high ceilings: Units offer 1989 or 3873 sq ft of space with **20' high ceilings**.
