Industrial Condo with Roll-Up
238 Nw 9th Ave Homestead, FL 33030
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For Sale
Contact for pricing
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 Market6
Property Features for 238 Nw 9th Ave
General Information
Standard status
Active
Size
1,409 SF
Property subtype
INDUSTRIAL
Listing Agency:
CENTURY 21 Global Connections Realty
(786) 218-4602
Listed By:
Jacqueline Lazo · License #3112232
(786) 218-4602
Source:
Moodyscre
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 26 at 2:04AM
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
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 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 | $23.0k | $16.32 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $21.7k | $15.42 |
| − OpEx | −$3.3k | −$2.31 |
| NOI | $18.5k | $13.11 |
1,409 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%
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.
Property Analytics
Location Intelligence
Current Use
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
