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    Homestead Industrial Condo For Sale Title is generated by Realmo AI

    238 NW 9th Ave 4, Homestead, FL 33030

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    For Sale
    $385,000

    1,409 SF industrial condo in Homestead's industrial district.

    Type:Industrial
    Property size:
    1,409 SF
    Price / SF:
    $273/SF
    Added:
    Apr 24, 2026
    Days on Market:
    55
    Last Refresh:
    Apr 24 at 3:51 pm

    Property Features for 238 NW 9th Ave 4

    General Information

    Standard status
    Active
    Size
    1,409 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2005

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    Listing Contact
    Jacqueline Lazo

    Listing agent Jacqueline Lazo License #3112232

    Listing office CENTURY 21 Global Connections Realty

    Listing date Apr 24, 2026

    Source Elliman

    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

    HighLights

    • Reinforced concrete construction built to post‑Andrew Miami Dade standards.
    • Prime Homestead location minutes from US‑1 and Florida Turnpike.
    • Flexible business use with 6600 Commercial light manufacturing (LU4118) zoning.
    • 12x14 roll‑up door for easy access.
    • Located within an Opportunity Zone.
    • 1,409 SF industrial condo with private office and restroom.

    Overview

    This 1,409 SF industrial condo, constructed in 2005 to post-Andrew Miami Dade standards, features reinforced concrete construction and is located in Homestead's industrial district. The property includes a 12x14 roll-up door, a private office, a restroom, and parking. Zoned 6600 Commercial light manufacturing (LU4118), the condo offers flexible business use and is ideal for trades and storage. The location is in an Opportunity Zone and provides convenient access to US-1 and the Florida Turnpike. The property has a walk score of 18, a bike score of 37, and a transit score of 39.

    Local Financial Insights For Flex RnD

    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 $50.7k $36.00
    − Vacancy −$3.0k −$2.16
    EGI $47.7k $33.84
    − OpEx −$16.7k −$11.84
    NOI $31.0k $22.00
    1,409 SF · lease $36.00/SF/yr · vacancy 6.00% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $442.7K
    $387.4K – $516.5K (±1% cap)
    NOI $30,992 @ 7.0% cap · market cap 8.05%
    Second Best
    Warehouse
    $263.9K
    $230.9K – $307.9K (±1% cap)
    NOI $18,471 @ 7.0% cap · market cap 4.80%
    Theoretical Best
    Office A
    $714.8K
    $625.5K – $834.0K (±1% cap)
    NOI $50,039 @ 7.0% cap · market cap 13.00%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.491382
    Latitude
    25.445128

    FAQs

    What type of property is this?
    Flex space - 1,409 SF industrial condo in Homestead's industrial district.
    Where is this flex space located?
    The property is located at 238 NW 9th Ave 4 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: Reinforced concrete construction built to post‑Andrew Miami Dade standards.; Prime Homestead location minutes from US‑1 and Florida Turnpike.; Flexible business use with 6600 Commercial light manufacturing (LU4118) zoning.
    More about this property
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