Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    392Nd St Homestead, FL 33034

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    15.7 Acres, Zoned General, Development Potential

    Property Features for 0 392Nd St

    General Information

    Property type
    Specialty properties

    We can help!

    Listing Contact
    Valentina Delgado
    Valentina Delgado

    Listing Agent: Valentina Delgado

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 15.7-acre property presents a remarkable investment opportunity in Homestead, Florida. Located near the Miami-Dade County Urban Development Boundary, this expansive parcel offers significant potential for various development projects. Currently zoned General (GU Muni Zone), the land is classified as 9981 Acreage Not Classified AG: Vacant Land, with a Primary Land Use designation of 8900 Interim-Await-Specific Zone. The asking price is $648,500, representing a compelling value for a property of this size and location. Its proximity to the urban development boundary suggests future growth and increased property value. The property's general zoning allows for a wide range of potential uses, making it an attractive option for developers seeking a large, versatile tract of land in a rapidly growing area. Detailed zoning information and potential development options should be verified independently with the relevant Miami-Dade County authorities. This is a rare opportunity to acquire a significant land holding in a strategic location with considerable upside potential. Serious inquiries are encouraged to explore the possibilities this property offers. The address is SW 392nd St, Unincorporated Dade County, Florida, 33034.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Homestead
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.5256016
    Latitude
    25.4062627

    Nearby Similar for Sale

    • New
      $2,299,998

      Historic Landmark Office in Homestead

      Historic 1925 Homestead office building with modern upgrades for sale.
      97 NE 15Th St, Homestead, FL 33030
      View Details
    • $2,999,900
      Pending

      Homestead Commercial Building on US1

      High-traffic location with development potential near major retail.
      27330 S Dixie Hwy, Homestead, FL 33032
      View Details
    • $199,900

      Established Japanese Restaurant Opportunity

      Long-standing Japanese restaurant for sale in Homestead, Florida.
      827 N Homestead Blvd, Homestead, FL 33030
      View Details
    • $2,999,999

      Renovated Medical Office in Homestead

      Free-standing, renovated medical office in a prime Homestead location.
      45 NW 4Th St, Homestead, FL 33030
      View Details
    • $9,700,000

      Homestead Retail Investment Opportunity

      Triple Net Lease shopping center with value-add potential.
      854 N Krome Ave, Homestead, FL 33030
      View Details
    • $9,700,000
      16,728 SF

      Homestead Shopping Center Investment Opportunity

      Value-add shopping center with high cap rate in Homestead.
      854 N Krome Ave, Homestead, FL 33030
      View Details
    • $199,900

      Established Japanese Restaurant For Sale

      Long-standing Japanese restaurant with loyal clientele and growth potential.
      827 N Homestead Blvd, Homestead, FL 33030
      View Details
    • $2,100,000

      Homestead Commercial Property For Sale

      Freestanding 6,212 SF building on 15,000 SF lot in Homestead.
      395 N Flagler Ave, Homestead, FL 33030
      View Details
    • $2,999,900
      Pending

      Homestead Mixed-Use Building For Sale

      Versatile commercial building on high-traffic corridor with development potential.
      27330 S Dixie Hwy, Homestead, FL 33032
      View Details
    • $5,900,000
      35,796 SF

      Homestead Industrial Building on Acreage

      Insulated 35,796 sqft industrial building on 5 acres.
      29055 SW 107Th Ave, Homestead, FL 33033
      View Details
    • Contact for pricing
      35,796 SF

      Homestead Industrial Building with Storage

      35,796 SF insulated building with outdoor storage available for sale.
      29055 SW 107Th Ave, Homestead, FL 33033
      View Details
    • $699,999
      Pending

      Homestead Fourplex Investment Opportunity

      Multifamily income property in a family-friendly Homestead neighborhood.
      14923 SW 302Nd Ter, Homestead, FL 33033
      View Details

    FAQs

    What type of property is this?
    Specialty property - 15.7 Acres, Zoned General, Development Potential
    Where is this specialty property located?
    The property is located at 392Nd St Homestead, FL.
    What is the asking price?
    The asking price for this property is $648,500.
    What are key features of this property?
    This property features: 15.7-acre Homestead, FL land investment opportunity near the Miami-Dade County Urban Development Boundary.; Zoned General (GU Muni Zone), classified as 9981 Acreage Not Classified AG: Vacant Land, with a Primary Land Use of 8900 Interim-Await-Specific Zone.; Asking price: $648,500.
    (305) 988-5289 Call to check price and availability
    Request Owner's contact information
    392Nd St Homestead, FL 33034
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    392Nd St
    Homestead, FL 33034
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    392Nd St Homestead, FL 33034
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Valentina Delgado
    Valentina Delgado
    Real Estate License ID: 3344377
    (305) 988-5289
    Learn more
    Google sign-in failed. Please try again or use another login method.