Flex Space with Roll-Up
For Sale
Under Contract
$383,000
238 NW 9th Avenue, Homestead, FL 33030
Commercial Sale, Homestead, FL
Property Size1,409 SF
Lot Size0.03 Acres
Price / SF$271.82
Days on Market355
Property Features for 238 NW 9th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
6600
Parking
1
Parking features
Assigned, Guest
Directions
Use GPS
Subdivision
2780
Standard status
Active Under Contract
APN
1078130630040
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
EANY INVESTMENT CONDO UNIT 4 UNDIV 16.6660% INT IN COMMON ELEMENTS OFF REC 23300-3693 COC 24773-3693 07 2006 1
Tax Annual Amount
3343
HOA Fee
$360 Monthly
Legal Description
EANY INVESTMENT CONDO UNIT 4 UNDIV 16.6660% INT IN COMMON ELEMENTS OFF REC 23300-3693 COC 24773-3693 07 2006 1
Building Details
Year built
2005
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
CBS
Roof type
Concrete
Listing Agency:
Century 21 Global Connections · Century 21 Real Estate
(954) 284-3400
Listed By:
Jacqueline Lazo · License #3112232
(786) 218-4602
Added: Oct 29, 2025
Changed: Oct 9
Last Checked: Oct 18 at 1:06AM
MLS# F10534151
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,409-square-foot flex condominium was completed in 2005 with reinforced concrete CBS construction and a concrete roof and floor. The interior includes a private office, restroom, and a 12x14 roll-up door, providing a practical configuration for storage, light manufacturing, and other business operations. Guest and assigned parking are included.
Zoned 6600 Commercial light manufacturing (LU4118), the property is positioned within Homestead’s industrial district at 238 NW 9th Avenue. Access to US-1 and the Florida Turnpike is available within minutes. The property is also located in an Opportunity Zone.
Zoned 6600 Commercial light manufacturing (LU4118), the property is positioned within Homestead’s industrial district at 238 NW 9th Avenue. Access to US-1 and the Florida Turnpike is available within minutes. The property is also located in an Opportunity Zone.
Key Highlights
- 1,409 SF flex condominium built in 2005
- 12x14 roll‑up door for loading and access
- Reinforced concrete CBS construction with concrete roof and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,992
Cap Rate
8.09%
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 8.09%
Second Best
Warehouse
$263.9K
$230.9K – $307.9K
NOI $18,471 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$714.8K
$625.5K – $834.0K
NOI $50,039 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
719
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Smoke & Spice — 436 NW 10th Ave, Homestead, FL 33030
Frequently Asked Questions
What type of property is this?
Flex space - Light-manufacturing zoning supports an adaptable commercial layout with office, restroom, parking, and storage capability.
Where is this flex space located?
The property is located at 238 NW 9th Avenue Homestead, FL.
What is the asking price?
The asking price for this property is $383,000.
What are key features of this property?
This property features: 1,409 SF flex condominium built in 2005; 12x14 roll‑up door for loading and access; Reinforced concrete CBS construction with concrete roof and flooring
