Retail Showroom on Dixie
For Sale
$5,995,000
33493 S Dixie Hwy, Homestead, FL 33034
18,612 SF retail/showroom on 1.6 acres.
Property Size18,612 SF
Lot Size1.60 Acres
Price / SF$322.10
Days on Market203
Property Features for 33493 S Dixie Hwy
General Information
Standard status
Active
Size
18,612 SF
Lot size
1.60 Acres
Property subtype
Vacant-User
Amenities
Situated Directly Between a Super Walmart & Home Depot
Signalized High Traffic Signalized Corner
High Barrier of Entry Marketplace and is available with up to a 2-year sale/leaseback or vacant upon sale..
Building Details
Building Size
18,612 SF
Year Built
2004
Listing Agency:
Fort Lauderdale Office
(954) 245-3400
Listed By:
Howard Bregman · License #FL: SL3233326
(954) 245-3417
Source:
Marcusmillichap
Added: Apr 3
Changed: Oct 21
Last Checked: Oct 20 at 5:13PM
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 Fort Lauderdale Office
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Investment Insights
Based on property information with market context.
The property is an 18,612 square foot retail and showroom building situated on 1.60 acres. Located at 33493 South Dixie Highway in Homestead, Florida, the property benefits from its position on a signalized corner of heavily trafficked South Dixie Highway, just west of the Florida Turnpike. The site is located between a Home Depot and Walmart Supercenter. The property features a large parking field with 50 parking spaces and over 240 feet of direct frontage on South Dixie Highway. The building has been home to Badcock Home Furniture and More since 2004 and will be delivered vacant upon sale. The surrounding area includes major national retailers such as Walmart, Home Depot, Best Buy, Target, BJ’s, Chase Bank, Aldi, AutoZone, McDonald’s, Napa Auto Parts, Krispy Kreme, Publix, AT&T, and Walgreens.
Key Highlights
- Premier location on 1.60 acres at a signalized corner on heavily trafficked South Dixie Highway.
- Located directly between Home Depot and Walmart Supercenter.
- Surrounded by major national retailers (Walmart, Home Depot, Best Buy, Target, etc.).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$314,714
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,294,280
$6.3M
Cap Rate 7%
$4,495,914
$4.5M
Cap Rate 9%
$3,496,822
$3.5M
Market Conditions
NOI Build-Up for 18,612 SF
Gross rent
$491.4K $26.40/SF
− Vacancy
−$41.8K −$2.24/SF
EGI
$449.6K $24.16/SF
− OpEx
−$134.9K −$7.25/SF
NOI
$314.7K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,294,280
Cap Rate 7%
$4,495,914
Cap Rate 9%
$3,496,822
Alternative Uses
Best Use
Retail
$4.50M
$3.93M – $5.25M
NOI $314,714 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.44M
$8.26M – $11.02M
NOI $660,986 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
848
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33034, FL
22,850
Population
6,631
Households
3.4
Avg Household Size
34
Median Age
9%
College-Educated
65%
High-School Grad
1,173.1 sq mi
ZIP Area
19
Density / Sq Mi
$46,404
Median Household Income
$31,712
Median Earnings
$1,283
Median Rent
$310,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- US Floors Homestead — 211 S Homestead Blvd UNIT # 231, Homestead, FL 33030
Frequently Asked Questions
What type of property is this?
Showroom - 18,612 SF retail/showroom on 1.6 acres.
Where is this showroom located?
The property is located at 33493 S Dixie Hwy Homestead, FL.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: Premier location on 1.60 acres at a signalized corner on heavily trafficked South Dixie Highway.; Located directly between Home Depot and Walmart Supercenter.; Surrounded by major national retailers (Walmart, Home Depot, Best Buy, Target, etc.).
