Freestanding Manufacturing
New
For Sale
$2,100,000
395 N Flagler Ave, Homestead, FL 33030
Commercial Sale, Homestead, FL
Property Size6,212 SF
Lot Size0.34 Acres
Price / SF$338.06
Days on Market5
Property Features for 395 N Flagler Ave
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
6600
Directions
Use GPS
Subdivision
79
Standard status
Active
APN
10-79-18-008-0460
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
HOMESTEAD AMD PB 4-33 LOTS 4 & 5 BLK 6 LOT SIZE 150.000 X 100 OR 16731-1200 0395 6 COC 25904-0001 08 2007 1
Tax Annual Amount
12762
Legal Description
HOMESTEAD AMD PB 4-33 LOTS 4 & 5 BLK 6 LOT SIZE 150.000 X 100 OR 16731-1200 0395 6 COC 25904-0001 08 2007 1
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1968
Floors in Building
1
Flooring type
Concrete, Laminate
Building materials
Metal Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Avanti Way Realty LLC
(305) 229-1146
Listed By:
Julio Guzman · License #3215727
(786) 229-0157
Added: Aug 19
Changed: Aug 21
Last Checked: Aug 23 at 2:06PM
MLS# A11769008
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding manufacturing property includes a metal-frame building on a 15,000-square-foot lot. The facility has laminate and concrete flooring, central air conditioning, electric heat, a metal roof, and a 1968 construction date. Public water and sewer serve the property. The site is currently occupied by Triana Fence & Supply, a fence manufacturer and supplier.
Located at 395 N Flagler Ave in Homestead, the property is positioned on a visible commercial corridor. B-3 zoning supports the stated commercial framework, while the Rapid Transit Development Overlay allows up to 31 units per acre and four stories. The property information also identifies storage yard use, light manufacturing, and redevelopment as potential applications.
Located at 395 N Flagler Ave in Homestead, the property is positioned on a visible commercial corridor. B-3 zoning supports the stated commercial framework, while the Rapid Transit Development Overlay allows up to 31 units per acre and four stories. The property information also identifies storage yard use, light manufacturing, and redevelopment as potential applications.
Key Highlights
- 6,212 SF freestanding building on a 15,000 SF lot
- B‑3 commercial zoning
- Rapid Transit Development Overlay allows up to 31 units per acre and four stories
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
$81,433
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
3.88%
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%
$1,628,660
$1.6M
Cap Rate 7%
$1,163,329
$1.2M
Cap Rate 9%
$904,811
$904.8K
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
−$14.4K −$2.31/SF
NOI
$81.4K $13.11/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
15.00%
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%
$1,628,660
Cap Rate 7%
$1,163,329
Cap Rate 9%
$904,811
Alternative Uses
Best Use
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,433 @ 7.0% cap · market cap 3.88%
Second Best
Industrial
$958.0K
$838.3K – $1.12M
NOI $67,063 @ 7.0% cap · market cap 3.19%
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
Lease Details
Yes
Paved road access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - B-3-zoned commercial property with a freestanding facility and public water and sewer service.
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: 6,212 SF freestanding building on a 15,000 SF lot; B‑3 commercial zoning; Rapid Transit Development Overlay allows up to 31 units per acre and four stories
