Air-Conditioned Warehouse
New
For Sale
$750,000
1770 SE 38th Avenue #15, Homestead, FL 33035
Secure gated access and a private washroom with shower support storage and small-business use.
Property Size1,960 SF
Price / SF$382.65
Days on Market6
Property Features for 1770 SE 38th Avenue #15
General Information
Standard status
Active
Size
1,960 SF
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
1,960 SF
Drive-In Doors
1
Sprinkler System
Yes
Conditioned Warehouse
Yes
Amenities
private restroom with shower
24/7 cameras
gated access
Building Details
Building Size
1,960 SF
Stories
1
Construction
tilt-up concrete
Listing Agency:
Swenson & Ecuyer Realty
Listed By:
Olga Grant · License #3278840
(786) 647-8076
Source:
Laerrealty
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 3:59PM
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 warehouse unit contains 1,960 square feet of fully air-conditioned space, with 20-foot ceilings and a 14-by-14-foot hurricane-resistant roll-up door. A private restroom with a shower serves the unit. Concrete tilt-up walls and fire sprinklers are part of the building’s construction and safety features.
The facility has gated entry and 24/7 camera surveillance. It is located across from Homestead Speedway. The space is described for inventory storage, recreational vehicles, and business operations.
The facility has gated entry and 24/7 camera surveillance. It is located across from Homestead Speedway. The space is described for inventory storage, recreational vehicles, and business operations.
Key Highlights
- 1,960 square feet of fully air‑conditioned warehouse space
- 20‑foot ceilings and a 14‑by‑14‑foot hurricane‑resistant 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
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
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
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Secure gated access and a private washroom with shower support storage and small-business use.
Where is this warehouse located?
The property is located at 1770 SE 38th Avenue #15 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 square feet of fully air‑conditioned warehouse space; 20‑foot ceilings and a 14‑by‑14‑foot hurricane‑resistant roll‑up door; Private restroom with shower
