Homestead 5-Acre Property with
For Sale
$789,000
40350 SW 209TH AVE, Homestead, FL 33034
5 acres with new warehouse, agricultural tents, and utilities.
Property Size2,800 SF
Lot Size5.00 Acres
Price / SF$281.79
Days on Market191
Property Features for 40350 SW 209TH AVE
General Information
Standard status
Active
Size
2,800 SF
Lot size
5.00 Acres
Property subtype
Land
Zoning
8900
Taxes and HOA fees
Annual Taxes
$10,419
Listed By:
Rafael Cabrera
(786) 208-5627
Source:
Evrealestate
Added: Apr 8
Changed: Oct 9
Last Checked: Oct 14 at 10:56PM
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 Rafael Cabrera
Investment Insights
Based on property information with market context.
This 5-acre property in Homestead features a newly constructed 2,800 sq ft warehouse (70x40) completed in 2024. The property also includes two agricultural tents, one of which is set on a new concrete pad. Essential utilities are in place, including a well, septic system, and FPL service with 220V & 440V three-phase power. One acre has been filled and approved for storage. The remaining four acres are cleared and ready for agricultural use. The entire property is fully fenced for security and privacy. This quiet location is suitable for farming, business operations, or building a custom residence.
Key Highlights
- Newly constructed 2024 warehouse (2,800 sq ft)
- 5‑acre property cleared and ready for agricultural use or development
- Benefit from FPL service with 220V & 440V three‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,705
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,100
$734.1K
Cap Rate 7%
$524,357
$524.4K
Cap Rate 9%
$407,833
$407.8K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$45.7K $16.32/SF
− Vacancy
−$2.5K −$0.90/SF
EGI
$43.2K $15.42/SF
− OpEx
−$6.5K −$2.31/SF
NOI
$36.7K $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 Rate 5%
$734,100
Cap Rate 7%
$524,357
Cap Rate 9%
$407,833
Alternative Uses
Best Use
Warehouse
$524.4K
$458.8K – $611.8K
NOI $36,705 @ 7.0% cap · market cap 4.65%
Second Best
Industrial
$431.8K
$377.9K – $503.8K
NOI $30,228 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,439 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Farm - 5 acres with new warehouse, agricultural tents, and utilities.
Where is this farm located?
The property is located at 40350 SW 209TH AVE Homestead, FL.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Newly constructed 2024 warehouse (2,800 sq ft); 5‑acre property cleared and ready for agricultural use or development; Benefit from FPL service with 220V & 440V three‑phase power
