Insulated Steel Distribution
For Sale
$5,900,000
29055 SW 107th Ave, Homestead, FL 33033
Commercial Sale, Homestead, FL
Property Size35,796 SF
Lot Size5.03 Acres
Price / SF$164.82
Days on Market97
Property Features for 29055 SW 107th Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security Lighting
Subdivision
70
Standard status
Active
APN
30-70-05-000-0023
Lot size
5.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
5 57 40 5.032 AC M/L BEG 35FTE & 452.71FTS OF NW COR OF SW1/4 CONT S425FT E697.03FT N 55 DEG 257.85FT N277.97FT W83.33 FT TO POB LESS W5FT F
Tax Annual Amount
40044
Legal Description
5 57 40 5.032 AC M/L BEG 35FTE & 452.71FTS OF NW COR OF SW1/4 CONT S425FT E697.03FT N 55 DEG 257.85FT N277.97FT W83.33 FT TO POB LESS W5FT F
Utilities
Sewer type
Septic Tank
Water source
Well
Amenities
security system
lights
Building Details
Building materials
Aluminum Siding
Roof type
Metal
Listing Agency:
United Realty Group Inc
(954) 450-2000
Listed By:
Shevaun Gandy · License #3097141
(305) 244-2398
Added: Jul 27
Changed: Oct 10
Last Checked: Oct 31 at 2:06PM
MLS# A11921561
Copyright © 2026 Miami REALTORS®. 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.
Constructed in 2015, this 35,796-square-foot insulated steel distribution center occupies a 5.032-acre parcel, including approximately 4 usable acres. The building features 26-foot ceilings, two dock-height doors, three drive-up doors, a security system, site lighting, and ample parking. Additional outdoor storage is available, along with white hurricane-impact tents providing 6,000–7,000 square feet of supplemental usable space; the tents are rented month-to-month.
Electrical capacity includes an 800-amp, 480/277-volt three-phase system and two 400-amp, 120/240-volt three-phase systems. The property is located near the Turnpike, Homestead Air Base, and major distribution centers in Homestead, Miami-Dade County. Water service is provided by a well, and wastewater is handled by a septic tank. The fenced site and combination of loading configurations support distribution, storage, and other industrial operations.
Electrical capacity includes an 800-amp, 480/277-volt three-phase system and two 400-amp, 120/240-volt three-phase systems. The property is located near the Turnpike, Homestead Air Base, and major distribution centers in Homestead, Miami-Dade County. Water service is provided by a well, and wastewater is handled by a septic tank. The fenced site and combination of loading configurations support distribution, storage, and other industrial operations.
Key Highlights
- 35,796 SF insulated steel building constructed in 2015
- 5.032‑acre lot with approximately 4 usable acres
- 26‑foot ceilings with 2 dock‑height and 3 drive‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$469,251
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,385,020
$9.4M
Cap Rate 7%
$6,703,586
$6.7M
Cap Rate 9%
$5,213,900
$5.2M
Market Conditions
NOI Build-Up for 35,796 SF
Gross rent
$584.2K $16.32/SF
− Vacancy
−$32.1K −$0.90/SF
EGI
$552.1K $15.42/SF
− OpEx
−$82.8K −$2.31/SF
NOI
$469.3K $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%
$9,385,020
Cap Rate 7%
$6,703,586
Cap Rate 9%
$5,213,900
Alternative Uses
Best Use
Warehouse
$6.70M
$5.87M – $7.82M
NOI $469,251 @ 7.0% cap · market cap 7.95%
Second Best
Industrial
$5.52M
$4.83M – $6.44M
NOI $386,442 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$18.16M
$15.89M – $21.19M
NOI $1,271,257 @ 7.0% cap · market cap 21.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
26 ft
Clear height
2
Dock-high doors
3
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
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Business Placement
Demographics for 33033, FL
66,871
Population
21,426
Households
3.1
Avg Household Size
34
Median Age
23%
College-Educated
79%
High-School Grad
22.3 sq mi
ZIP Area
2,999
Density / Sq Mi
$66,662
Median Household Income
$37,018
Median Earnings
$1,648
Median Rent
$364,700
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Distribution center - Freestanding industrial facility with dock access, drive-up doors, outdoor storage, and a secured fenced site.
Where is this distribution center located?
The property is located at 29055 SW 107th Ave Homestead, FL.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 35,796 SF insulated steel building constructed in 2015; 5.032‑acre lot with approximately 4 usable acres; 26‑foot ceilings with 2 dock‑height and 3 drive‑up doors
