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 Market239
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: Aug 24
Last Checked: Sep 8 at 10:50AM
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
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 = 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
$393,271
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
5.04%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Florida City Self Storage — 13 E Lucy St, Florida City, FL 33034
- Toptastenflavors — 701 S Homestead Blvd, Homestead, FL 33030
- CubeSmart Self Storage — 701 S Homestead Blvd, Homestead, FL 33030
- Self Storage — 715 W Mowry Dr, Homestead, FL 33030
- El Rey Jesus Homestead — 255 NE 2nd Dr, Homestead, FL 33030
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
