Flex Space Industrial Condo with Roll-Up
For Sale
Contact for pricing
224 NW 9th Ave, Homestead, FL 33030
Industrial flex condo built in 2005 with a 12x14 roll-up door and zoning for commercial light manufacturing.
Property Size1,409 SF
Price / SF$273.24
Days on Market106
Property Features for 224 NW 9th Ave
General Information
Standard status
Active
Size
1,409 SF
Property subtype
INDUSTRIAL
Zoning
6600 Commercial light manufacturing (LU4118)
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Building Details
Year Built
2005
Construction
reinforced concrete
Listing Agency:
CENTURY 21 Global Connections Realty
(954) 284-3400
Listed By:
Jacqueline Lazo · License #3112232
(786) 218-4602
Source:
Moodyscre
Added: Jul 21
Changed: Oct 25
Last Checked: Nov 1 at 8:57AM
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 CENTURY 21 Global Connections Realty
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Investment Insights
Based on property information with market context.
This 1,409 SF industrial flex condo was built in 2005 with reinforced concrete construction to post Andrew and Miami Dade standards. The unit includes a private office, a restroom, and parking, along with a 12x14 roll-up door for convenient loading and operations. The space is zoned for 6600 Commercial light manufacturing (LU4118), supporting flexible business use.
Located in Homestead’s industrial district, the property is minutes from US-1 and the Florida Turnpike. It is also identified within an Opportunity Zone.
Designed for practical day-to-day use, the combination of reinforced concrete, roll-up access, and built-in office and restroom supports trades and storage-oriented businesses.
Located in Homestead’s industrial district, the property is minutes from US-1 and the Florida Turnpike. It is also identified within an Opportunity Zone.
Designed for practical day-to-day use, the combination of reinforced concrete, roll-up access, and built-in office and restroom supports trades and storage-oriented businesses.
Key Highlights
- 1,409 SF industrial flex condo built in 2005 with reinforced concrete construction
- 12x14 roll‑up door for convenient loading
- Private office and restroom plus on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,992
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,840
$619.8K
Cap Rate 7%
$442,743
$442.7K
Cap Rate 9%
$344,356
$344.4K
Market Conditions
NOI Build-Up for 1,409 SF
Gross rent
$50.7K $36.00/SF
− Vacancy
−$3.0K −$2.16/SF
EGI
$47.7K $33.84/SF
− OpEx
−$16.7K −$11.84/SF
NOI
$31.0K $22.00/SF
Area
Miami-Dade County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,840
Cap Rate 7%
$442,743
Cap Rate 9%
$344,356
Alternative Uses
Best Use
Flex RnD
$442.7K
$387.4K – $516.5K
NOI $30,992 @ 7.0% cap · market cap 8.05%
Second Best
Industrial
$217.3K
$190.1K – $253.5K
NOI $15,211 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$714.8K
$625.5K – $834.0K
NOI $50,039 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33030, FL
36,776
Population
11,217
Households
3.3
Avg Household Size
33
Median Age
15%
College-Educated
61%
High-School Grad
17.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$43,231
Median Household Income
$28,214
Median Earnings
$1,307
Median Rent
$382,200
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex condo built in 2005 with a 12x14 roll-up door and zoning for commercial light manufacturing.
Where is this flex space located?
The property is located at 224 NW 9th Ave Homestead, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,409 SF industrial flex condo built in 2005 with reinforced concrete construction; 12x14 roll‑up door for convenient loading; Private office and restroom plus on‑site parking
