Warehouse Investment
210 N Krome Ave Florida City, FL 33034
For Sale
$7,800,000
Single industrial warehouse investment located directly on N Krome Avenue (SR-997) in Florida City.
Property Size30,000 SF
Price / SF$260
Days on Market192
Property Features for 210 N Krome Ave
General Information
- Standard status
- Active
- Size
- 30,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1974
Listing Agency:
BRAVO & PARTNERS REALTY
Listed By:
LUIS GONZALEZ · License #A11940057
Source:
Corcoran
Added: Jan 12
Changed: Jul 20
Last Checked: Jul 23 at 7:49AM
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $489.6k | $16.32 |
| − Vacancy | −$26.9k | −$0.90 |
| EGI | $462.7k | $15.42 |
| − OpEx | −$69.4k | −$2.31 |
| NOI | $393.3k | $13.11 |
30,000 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar Off Market Nearby
- Florida City Self Storage — 13 E Lucy St, Florida City, FL 33034
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- El Rey Jesus Homestead — 255 NE 2nd Dr, Homestead, FL 33030
- Toptastenflavors — 701 S Homestead Blvd, Homestead, FL 33030
- Self Storage — 715 W Mowry Dr, Homestead, FL 33030
FAQs
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
