Warehouse Investment
For Sale
$7,800,000
210 N Krome Ave, Florida City, FL 33034
Single industrial warehouse investment located directly on N Krome Avenue (SR-997) in Florida City.
Property Size30,472 SF
Price / SF$260
Days on Market285
Property Features for 210 N Krome Ave
General Information
Standard status
Active
Size
30,472 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$38,244
Building Details
Building Size
30,472 SF
Year Built
1974
Listing Agency:
Bravo & Partners Realty
Listed By:
Luis Gonzalez · License #3412494
Source:
Relinkre
Added: Jan 12
Changed: Oct 17
Last Checked: Oct 23 at 3:52PM
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 Bravo & Partners Realty
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Investment Insights
Based on property information with market context.
This for-sale industrial warehouse investment totals approximately 30,000 SF and is positioned for convenient access and visibility from N Krome Avenue (SR-997). The property is offered as a warehouse asset within the Florida City industrial corridor.
The location at 210 N Krome Ave places the warehouse directly on a major roadway serving the Florida City/Homestead area. As described in the offering remarks, the surrounding market includes logistics and service demand tied to the broader South Miami-Dade industrial economy.
The asset is presented as an investment opportunity. Additional details regarding unit configuration, age, and specific building improvements are not provided in the available information.
The location at 210 N Krome Ave places the warehouse directly on a major roadway serving the Florida City/Homestead area. As described in the offering remarks, the surrounding market includes logistics and service demand tied to the broader South Miami-Dade industrial economy.
The asset is presented as an investment opportunity. Additional details regarding unit configuration, age, and specific building improvements are not provided in the available information.
Key Highlights
- Single industrial warehouse investment on N Krome Avenue (SR‑997) in Florida City
- Year built: 1974
- Situated directly on N Krome Avenue (SR‑997) for direct access and visibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$393,271
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,865,420
$7.9M
Cap Rate 7%
$5,618,157
$5.6M
Cap Rate 9%
$4,369,678
$4.4M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$489.6K $16.32/SF
− Vacancy
−$26.9K −$0.90/SF
EGI
$462.7K $15.42/SF
− OpEx
−$69.4K −$2.31/SF
NOI
$393.3K $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%
$7,865,420
Cap Rate 7%
$5,618,157
Cap Rate 9%
$4,369,678
Alternative Uses
Best Use
Warehouse
$5.62M
$4.92M – $6.55M
NOI $393,271 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.22M
$13.32M – $17.76M
NOI $1,065,419 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,737
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33034, FL
22,850
Population
6,631
Households
3.4
Avg Household Size
34
Median Age
9%
College-Educated
65%
High-School Grad
1,173.1 sq mi
ZIP Area
19
Density / Sq Mi
$46,404
Median Household Income
$31,712
Median Earnings
$1,283
Median Rent
$310,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Single industrial warehouse investment located directly on N Krome Avenue (SR-997) in Florida City.
Where is this warehouse located?
The property is located at 210 N Krome Ave Florida City, FL.
What is the asking price?
The asking price for this property is $7,800,000.
What are key features of this property?
This property features: Single industrial warehouse investment on N Krome Avenue (SR‑997) in Florida City; Year built: 1974; Situated directly on N Krome Avenue (SR‑997) for direct access and visibility
