Homestead Commercial Property For
For Sale
$2,100,000
395 N Flagler Ave, Homestead, FL 33030
Commercial property in Homestead with redevelopment potential.
Property Size6,212 SF
Lot Size0.34 Acres
Price / SF$338.06
Days on Market165
Property Features for 395 N Flagler Ave
General Information
Standard status
Active
Size
6,212 SF
Lot size
0.34 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,762
Building Details
Building Size
6,212 SF
Year Built
1968
Stories
1
Listing Agency:
Avanti Way Realty
(786) 229-0157
Listed By:
Julio Guzman · License #3215727
(786) 229-0157
Source:
Elliman
Added: Mar 11
Changed: Aug 21
Last Checked: Aug 21 at 11:00AM
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 Avanti Way Realty
Investment Insights
Based on property information with market context.
This commercial property is located in Homestead and includes a 6,212 square foot freestanding building situated on a 15,000 square foot lot. The property is currently occupied by Triana Fence & Supply, a fence manufacturer and supplier. It is zoned Commercial B-3, which allows for uses such as a storage yard or light manufacturing. The property is located within the Rapid Transit Development Overlay (RTDO), which permits up to 31 units per acre and a maximum of four stories. The property has high visibility on N Flagler Ave and is located in a growing market.
Key Highlights
- Drastically reduced price on commercial property.
- 6,212 SF freestanding building on a 15,000 SF lot.
- Zoned Commercial B‑3, suitable for storage, light manufacturing, or redevelopment.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,063
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,341,260
$1.3M
Cap Rate 7%
$958,043
$958.0K
Cap Rate 9%
$745,144
$745.1K
Market Conditions
NOI Build-Up for 6,212 SF
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.
Gross rent
$101.4K $16.32/SF
− Vacancy
−$5.6K −$0.90/SF
EGI
$95.8K $15.42/SF
− OpEx
−$28.7K −$4.63/SF
NOI
$67.1K $10.80/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,341,260
Cap Rate 7%
$958,043
Cap Rate 9%
$745,144
Alternative Uses
Best Use
Industrial
$958.0K
$838.3K – $1.12M
NOI $67,063 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.76M – $3.68M
NOI $220,613 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,749
Businesses Nearby
Explore this area
Business Placement
Demographics for 33030, FL
36,776
Population
11,217
Households
3.3
Avg Household Size
33
Median Age
15%
College-Educated
61%
High-School Grad
17.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$43,231
Median Household Income
$28,214
Median Earnings
$1,307
Median Rent
$382,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Commercial property in Homestead with redevelopment potential.
Where is this manufacturing property located?
The property is located at 395 N Flagler Ave Homestead, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Drastically reduced price on commercial property.; 6,212 SF freestanding building on a 15,000 SF lot.; Zoned Commercial B‑3, suitable for storage, light manufacturing, or redevelopment.
