Industrial Condo with Roll-Up
For Sale
Contact for pricing
238 Nw 9th Ave, Homestead, FL 33030
Industrial condo built in 2005 featuring a 12x14 roll-up door, private office, restroom, and parking.
Property Size1,409 SF
Price / SF$273.24
Days on Market105
Property Features for 238 Nw 9th Ave
General Information
Standard status
Active
Size
1,409 SF
Property subtype
INDUSTRIAL
Zoning
6600
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Amenities
private office
restroom
parking
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 22
Changed: Oct 25
Last Checked: Nov 3 at 3:06AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,409 SF industrial condo was built in 2005 with reinforced concrete construction to meet post Andrew Miami-Dade standards. The unit includes a 12x14 roll-up door, a private office, and a restroom, along with on-site parking.
Located in Homestead’s industrial district, the property is minutes from US-1 and the Florida Turnpike. It is zoned 6600 Commercial light manufacturing (LU4118), supporting flexible business use suited to trades and storage. The property is also identified as being within an Opportunity Zone.
Located in Homestead’s industrial district, the property is minutes from US-1 and the Florida Turnpike. It is zoned 6600 Commercial light manufacturing (LU4118), supporting flexible business use suited to trades and storage. The property is also identified as being within an Opportunity Zone.
Key Highlights
- 1,409 SF industrial condo built in 2005 with reinforced concrete construction
- 12x14 roll‑up door, private office, and restroom
- Zoned 6600 Commercial light manufacturing (LU4118) for flexible business use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,471
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,420
$369.4K
Cap Rate 7%
$263,871
$263.9K
Cap Rate 9%
$205,233
$205.2K
Market Conditions
NOI Build-Up for 1,409 SF
Gross rent
$23.0K $16.32/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$21.7K $15.42/SF
− OpEx
−$3.3K −$2.31/SF
NOI
$18.5K $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%
$369,420
Cap Rate 7%
$263,871
Cap Rate 9%
$205,233
Alternative Uses
Best Use
Warehouse
$263.9K
$230.9K – $307.9K
NOI $18,471 @ 7.0% cap · market cap 4.80%
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.
How Realmo checks its estimates
Property 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
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial condo built in 2005 featuring a 12x14 roll-up door, private office, restroom, and parking.
Where is this warehouse located?
The property is located at 238 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 condo built in 2005 with reinforced concrete construction; 12x14 roll‑up door, private office, and restroom; Zoned 6600 Commercial light manufacturing (LU4118) for flexible business use
