Neighborhood Retail Shopping
29349 SW 152nd Ave Homestead, FL 33033
29349 SW 152nd Ave, Homestead, FL, 33033
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For Sale
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Neighborhood retail shopping center for sale with approximately 18,691 square feet, positioned for convenient South Miami-Dade access.
Property Size18,691 SF
Price / SF$288.91
Days on Market115
Property Features for 29349 SW 152nd Ave
General Information
- Standard status
- Active
- Size
- 18,691 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1966
Listing agency
Vero Capital Group
Listed by
Charles Moody · License #BK3404499
Source
Crexi
Added: Mar 30 Updated: Jul 22 at 7:11AM Checked: Jul 22 at 7:11AM
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 Vero Capital Group
Investment Insights
Based on property information with market context.
Vero Capital Group presents a neighborhood retail shopping center for sale in Homestead, Florida. The center totals approximately 18,691 square feet and is described as being positioned to serve neighborhood retail demand.
Per the offering remarks, the property is located along a primary corridor with access to the Florida Turnpike, supporting connectivity throughout Miami-Dade. The surrounding area is described as a mix of national retailers and neighborhood-serving businesses, within the Leisure City submarket in South Miami-Dade.
Per the offering remarks, the property is located along a primary corridor with access to the Florida Turnpike, supporting connectivity throughout Miami-Dade. The surrounding area is described as a mix of national retailers and neighborhood-serving businesses, within the Leisure City submarket in South Miami-Dade.
Key Highlights
- Neighborhood retail shopping center built in 1966
- Approximately 18,691 SF retail shopping center
- Located in Homestead, Florida, in the Leisure City submarket
Local 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 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.48M
$8.30M – $11.06M
NOI $663,791 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Mercado fresco y mas — 28844 S Dixie Hwy, Homestead, FL 33033
- Maderia Plaza — 28830 S Dixie Hwy, Homestead, FL 33033
FAQs
What type of property is this?
Shopping center - Neighborhood retail shopping center for sale with approximately 18,691 square feet, positioned for convenient South Miami-Dade access.
Where is this shopping center located?
The property is located at 29349 SW 152nd Ave Homestead, FL.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: Neighborhood retail shopping center built in 1966; Approximately 18,691 SF retail shopping center; Located in Homestead, Florida, in the Leisure City submarket
