Homestead Commercial Property For
For Sale
$2,100,000
395 N Flagler Avenue, Homestead, FL 33030
Commercial property in Homestead with redevelopment potential.
Property Size6,212 SF
Lot Size0.34 Acres
Price / SF$338.06
Days on Market212
Property Features for 395 N Flagler Avenue
General Information
Standard status
Active
Size
6,212 SF
Lot size
0.34 Acres
Zoning
6600
Taxes and HOA fees
Annual Taxes
$12,762
Building Details
Building Size
6,212 SF
Year Built
1968
Buildings
1
Listing Agency:
Avanti Way Realty LLC
Listed By:
Julio Guzman · License #3215727
(786) 229-0157
Source:
Laerrealty
Added: Mar 11
Changed: Oct 7
Last Checked: Oct 7 at 9:36AM
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 LLC
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 / Yr
$67,063
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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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 Avenue 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.
