Multi-Tenant Retail Strip
29319-29363 SW 152nd Ave Homestead, FL 33033
For Sale
Contact for pricing
6.6% cap rate with 25 standard parking spaces plus overnight truck parking at a multi-tenant retail strip center.
Property Size18,691 SF
Lot Size1.61 Acres
Price / SF$299.61
Days on Market393
Property Features for 29319-29363 SW 152nd Ave
General Information
Standard status
Active
Size
18,691 SF
Lot size
1.61 Acres
Property subtype
RETAIL
Listing Agency:
Lee & Associates | Miami
(305) 490-6526
Listed By:
Matthew Rotolante · License #3323947
(305) 490-6526
Source:
Moodyscre
Added: Jul 3, 2025
Changed: Jul 30
Last Checked: Jul 30 at 2:49AM
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 Lee & Associates | Miami
Investment Insights
Based on property information with market context.
Multi-tenant retail strip center totaling 18,691 SF featuring a diverse tenant mix. The offering is underpinned by a stated 6.6% cap rate supported by stable, in-place income from current tenants. Tenants called out include Boost Mobile and La Michoacana.
The property is positioned on ±1.61 acres with high visibility along SW 152nd Avenue. Parking includes 25 standard spaces plus overnight truck parking, supporting both day-to-day customer access and additional vehicle use.
Located at 29319–29363 SW 152nd Ave in Homestead, FL, the center is described as the only retail center in Leisure City, offering a single-center option within that area.
The property is positioned on ±1.61 acres with high visibility along SW 152nd Avenue. Parking includes 25 standard spaces plus overnight truck parking, supporting both day-to-day customer access and additional vehicle use.
Located at 29319–29363 SW 152nd Ave in Homestead, FL, the center is described as the only retail center in Leisure City, offering a single-center option within that area.
Key Highlights
- 18,691 SF multi‑tenant retail strip center
- ±1.61 acres site
- High visibility along SW 152nd Avenue
Financial Insights For Retail
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 | $493.4k | $26.40 |
| − Vacancy | −$41.9k | −$2.24 |
| EGI | $451.5k | $24.16 |
| − OpEx | −$135.4k | −$7.25 |
| NOI | $316.0k | $16.91 |
18,691 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.52M
$3.95M – $5.27M
NOI $316,050 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.48M
$8.30M – $11.06M
NOI $663,791 @ 7.0% cap · market cap 11.85%
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?
Strip mall - 6.6% cap rate with 25 standard parking spaces plus overnight truck parking at a multi-tenant retail strip center.
Where is this strip mall located?
The property is located at 29319-29363 SW 152nd Ave Homestead, FL.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: 18,691 SF multi‑tenant retail strip center; ±1.61 acres site; High visibility along SW 152nd Avenue
