Customizable Commercial Space
For Sale
Contact for pricing
600 & 650 NE 22nd Terrace, Homestead, FL 33033
Versatile property suitable for retail or office use.
Property Size81,977 SF
Price / SF$0.00
Days on Market331
Property Features for 600 & 650 NE 22nd Terrace
General Information
Standard status
Active
Size
81,977 SF
Class
A
Property subtype
Office
Lease Term
NNN
Building Details
Building Size
81,977 SF
Year Built
2007
Properties For Sale
at 600 & 650 NE 22nd Terrace Contact us| Name | Size | Type | Rate | Availability | |
|---|---|---|---|---|---|
| 302, 304, 306 | 7,514 SF | Office Building | — | — | Contact us |
| 204 | 2,419 SF | — | — | — | Contact us |
| 313R | 994 SF | — | — | — | Contact us |
| 204 | 2,419 SF | Spec/Shell Office | — | — | Contact us |
| 205R | 1,295 SF | — | — | — | Contact us |
| 208 | 1,441 SF | Office Building | — | — | Contact us |
| 209R | 1,298 SF | — | — | — | Contact us |
| 210 | 2,438 SF | — | — | — | Contact us |
| 211R & 212 | 2,574 SF | — | — | — | Contact us |
| 213R & 215R | 1,983 SF | — | — | — | Contact us |
| 215R | 989 SF | — | — | — | Contact us |
| 308 | 1,441 SF | Office Building | — | — | Contact us |
| 309R | 1,298 SF | — | — | — | Contact us |
| 650 NE 22nd Ter - 212 | 1,431 SF | — | — | — | Contact us |
| 650 NE 22nd Ter - 308 | 1,441 SF | Office Building | — | — | Contact us |
| Retail - 2nd Gen | 4,300 SF | Restaurant | — | — | Contact us |
| 311R | 1,298 SF | Office Building | — | — | Contact us |
Show all 17 spaces
Listed By:
Josh Rone, MSIRE · License ##SL3548806
(239) 851-3833
Source:
Svn
Added: Nov 21, 2025
Changed: Oct 6
Last Checked: Oct 16 at 8:01AM
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 Josh Rone, MSIRE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 600 & 650 NE 22nd Terrace in Homestead, FL, this property offers customizable spaces suitable for various commercial needs, including retail and office use. The property features modern architectural design, ample on-site parking, and high visibility. Its strategic, high-traffic position and convenient accessibility provide prominent storefront opportunities and flexible layout options. The location is ideal for businesses seeking to make a lasting impression. The surrounding South Miami market offers opportunities for work-life balance, with proximity to major highways and urban amenities. Nearby attractions include Homestead Air Reserve Base, Everglades National Park, and Homestead-Miami Speedway. The area features a variety of dining options, shopping centers, and recreational parks. The property size is 81977 square feet.
Key Highlights
- High visibility location in a strategic, high‑traffic area.
- Customizable commercial spaces suitable for retail or office use.
- Ample on‑site parking for customers and employees.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,386,165
Suggested Prices Based on Cap Rates
Cap Rate 5%
$27,723,300
$27.7M
Cap Rate 7%
$19,802,357
$19.8M
Cap Rate 9%
$15,401,833
$15.4M
Market Conditions
NOI Build-Up for 81,977 SF
Gross rent
$2.16M $26.40/SF
− Vacancy
−$184.0K −$2.24/SF
EGI
$1.98M $24.16/SF
− OpEx
−$594.1K −$7.25/SF
NOI
$1.39M $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$27,723,300
Cap Rate 7%
$19,802,357
Cap Rate 9%
$15,401,833
Alternative Uses
Best Use
Office B
$31.04M
$27.16M – $36.21M
NOI $2,172,800 @ 7.0% cap · market cap 6,390,588.24%
Second Best
Retail
$19.80M
$17.33M – $23.10M
NOI $1,386,165 @ 7.0% cap · market cap 4,076,955.88%
Theoretical Best
Office A
$41.59M
$36.39M – $48.52M
NOI $2,911,327 @ 7.0% cap · market cap 8,562,726.47%
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
282
Businesses Nearby
Explore this area
Business Placement
Demographics for 33033, FL
66,871
Population
21,426
Households
3.1
Avg Household Size
34
Median Age
23%
College-Educated
79%
High-School Grad
22.3 sq mi
ZIP Area
2,999
Density / Sq Mi
$66,662
Median Household Income
$37,018
Median Earnings
$1,648
Median Rent
$364,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Versatile property suitable for retail or office use.
Where is this office units located?
The property is located at 600 & 650 NE 22nd Terrace Homestead, FL.
What are key features of this property?
This property features: High visibility location in a strategic, high‑traffic area.; Customizable commercial spaces suitable for retail or office use.; Ample on‑site parking for customers and employees.
