Retail Showroom on Dixie
33493 S Dixie Hwy Homestead, FL 33034
For Sale
$6,500,000
18,612 SF retail/showroom on 1.6 acres.
Property Size18,612 SF
Lot Size1.60 Acres
Price / SF$349.24
Days on Market112
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
Building Details
- Year Built
- 2004
Listing Agency:
Fort Lauderdale Office
(954) 245-3417
Listed By:
Howard Bregman · License #License(s): FL: SL3233326
(954) 245-3417
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 10
Last Checked: Jul 23 at 2:38AM
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
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 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 | $491.4k | $26.40 |
| − Vacancy | −$41.8k | −$2.24 |
| EGI | $449.6k | $24.16 |
| − OpEx | −$134.9k | −$7.25 |
| NOI | $314.7k | $16.91 |
18,612 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.50M
$3.93M – $5.25M
NOI $314,714 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.44M
$8.26M – $11.02M
NOI $660,986 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Badcock Home Furniture ...
Furniture & Home Goods
Similar Off Market Nearby
- US Floors Homestead — 211 S Homestead Blvd UNIT # 231, Homestead, FL 33030
FAQs
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 $6,500,000.
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.).
