Insulated Warehouse with Outdoor
29055 SW 107th Avenue Homestead, FL 33033
29055 SW 107th Avenue, Homestead, FL, 33033
$5,900,000
For Sale
$5,900,000
Insulated steel warehouse on a fenced lot with high ceilings, multiple loading doors, ample parking, and strong electrical service.
Property Size35,796 SF
Lot Size5.00 Acres
Price / SF$164.82
Days on Market40
Property Features for 29055 SW 107th Avenue
General Information
- Standard status
- Active
- Size
- 35,796 SF
- Lot size
- 5.00 Acres
- Property subtype
- Commercial
Listing Agency
UNITED REALTY GROUP INC
Listed by
SHEVAUN GANDY · License #A11921561
Source
Corcoran
Added: Jun 9 Checked: Jul 18 at 2:14 am
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 UNITED REALTY GROUP INC
Investment Insights
Based on property information with market context.
Built in 2015, this insulated steel warehouse spans a total of 35,796 square feet on a 5-acre lot with 4 acres described as usable. The facility features 26-foot ceilings, a secure fenced lot, ample parking, and additional outdoor storage for equipment and materials. Loading configuration includes two dock-height doors and three drive-up doors. Electrical service is listed as 800-amp, 480/277V three-phase, with (2) 400-amp 120/240V three-phase systems, supported by a security system and exterior lights.
The property is located at 29055 SW 107th Avenue in Homestead, Florida, near the Turnpike, Homestead Air Base, and major distribution centers, supporting convenient regional access for logistics and distribution operations.
In addition to the main warehouse, the site includes white hurricane impact tents adding an estimated 6,000–7,000 square feet of usable space, which are described as rented month-to-month. Owner-user and investor buyers are both referenced, and the listing notes the property is also for lease and can be divided. Prospective tenants and buyers will want to confirm all dimensions, electrical specifications, and the details of the tent arrangements during due diligence.
The property is located at 29055 SW 107th Avenue in Homestead, Florida, near the Turnpike, Homestead Air Base, and major distribution centers, supporting convenient regional access for logistics and distribution operations.
In addition to the main warehouse, the site includes white hurricane impact tents adding an estimated 6,000–7,000 square feet of usable space, which are described as rented month-to-month. Owner-user and investor buyers are both referenced, and the listing notes the property is also for lease and can be divided. Prospective tenants and buyers will want to confirm all dimensions, electrical specifications, and the details of the tent arrangements during due diligence.
Key Highlights
- 2015 insulated steel warehouse on a 5‑acre lot (4 useable), with 35,796 total SF
- 26 ft high ceilings plus ample outdoor storage on a secure fenced lot
- Loading access includes two dock‑height doors and three drive‑up doors
Local 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 | $584.2k | $16.32 |
| − Vacancy | −$32.1k | −$0.90 |
| EGI | $552.1k | $15.42 |
| − OpEx | −$82.8k | −$2.31 |
| NOI | $469.3k | $13.11 |
35,796 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$6.70M
$5.87M – $7.82M
NOI $469,251 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
John To Go
Building Supply
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FAQs
What type of property is this?
Warehouse - Insulated steel warehouse on a fenced lot with high ceilings, multiple loading doors, ample parking, and strong electrical service.
Where is this warehouse located?
The property is located at 29055 SW 107th Avenue 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: 2015 insulated steel warehouse on a 5‑acre lot (4 useable), with 35,796 total SF; 26 ft high ceilings plus ample outdoor storage on a secure fenced lot; Loading access includes two dock‑height doors and three drive‑up doors
