Mixed-Use Property For
For Sale
$299,000
512 SW 6th Ave, Homestead, FL 33030
Mixed-use property with commercial building and vacant land.
Property Size750 SF
Price / SF$398.67
Days on Market208
Property Features for 512 SW 6th Ave
General Information
Standard status
Active
Size
750 SF
Building Details
Year Built
1983
Listing Agency:
Home 7 Realty Corp
Listed By:
Pablo Garcia · License #3374084
(786) 768-3293
Source:
Thepennteam
Added: Mar 26
Changed: Oct 6
Last Checked: Oct 7 at 3:22PM
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 Home 7 Realty Corp
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Investment Insights
Based on property information with market context.
This mixed-use property includes two parcels being sold together: a commercial building located at 512 SW 6th Ave and vacant land at 504 SW 6th Ave. The total area of both parcels is 12,222 square feet. The property is zoned for mixed-use and has a 750 square feet building. Potential uses for the property include an apartment building, restaurant, or church.
Key Highlights
- Zoned Mixed Use: Offers versatile development options.
- Two Properties Included: Vacant land and a commercial building.
- Large Total Area: 12,222 Sqft combined.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,938
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,760
$258.8K
Cap Rate 7%
$184,829
$184.8K
Cap Rate 9%
$143,756
$143.8K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$22.5K $30.00/SF
− Vacancy
−$1.8K −$2.40/SF
EGI
$20.7K $27.60/SF
− OpEx
−$7.8K −$10.35/SF
NOI
$12.9K $17.25/SF
Area
Miami-Dade County, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,760
Cap Rate 7%
$184,829
Cap Rate 9%
$143,756
Alternative Uses
Best Use
Mixed Use
$184.8K
$161.7K – $215.6K
NOI $12,938 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$380.5K
$332.9K – $443.9K
NOI $26,635 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,699
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with commercial building and vacant land.
Where is this mixed-use property located?
The property is located at 512 SW 6th Ave Homestead, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Zoned Mixed Use: Offers versatile development options.; Two Properties Included: Vacant land and a commercial building.; Large Total Area: 12,222 Sqft combined.
