New Warehouse Facility in
146 SW 2nd St Homestead, FL 33030
146 SW 2nd St, Homestead, FL, 33030
Contact for pricing
For Sale
Contact for pricing
New 16,153 SF warehouse with owner financing available.
Property Size16,153 SF
Lot Size0.62 Acres
Price / SF$241.44
Days on Market670
Property Features for 146 SW 2nd St
General Information
- Standard status
- Active
- Size
- 16,153 SF
- Lot size
- 0.62 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2024
Listing agency
Lee & Associates - Miami
(305) 255-2622
Listed by
Andrew Whitby · License #FL 3439946
Source
Crexi
Added: Sep 20, 2024 Updated: Jul 6 at 8:29AM Checked: Jul 17 at 10:17AM
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 Lee & Associates - Miami
Investment Insights
Based on property information with market context.
This is a new construction 16,153 SF warehouse facility situated on a 27,000 SF lot. Constructed with pre-fabricated steel, the warehouse offers durability and efficiency. The main warehouse area features ceiling clearances of 33' at the center and 22' at the sides. An additional 2,500 SF office or storage area provides 24' center clearance and 16' at the sides. The property includes two dock-height loading bays with 27' center clearance and one street-level door. It is equipped with three-phase power, a full fire suppression system, city sewer and water connections, and 11 assigned parking spaces. Located in Downtown Homestead, FL, the property offers accessibility and is near US-1 and the Florida Turnpike. The warehouse's location in a commercial area ensures proximity to local services and a growing population base.
Key Highlights
- Owner financing available
- New Construction (2024) 16,153 SF Warehouse on 27,000 SF Lot
- High Ceiling Clearances: 33' Center / 22' Sides in Main Warehouse
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $263.6k | $16.32 |
| − Vacancy | −$14.5k | −$0.90 |
| EGI | $249.1k | $15.42 |
| − OpEx | −$37.4k | −$2.31 |
| NOI | $211.8k | $13.11 |
16,153 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$6.12M
$5.35M – $7.14M
NOI $428,135 @ 7.0% cap · market cap 10.98%
Second Best
Warehouse
$3.02M
$2.65M – $3.53M
NOI $211,750 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$8.20M
$7.17M – $9.56M
NOI $573,657 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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Similar Off Market Nearby
- Florida City Self Storage — 13 E Lucy St, Florida City, FL 33034
- CubeSmart Self Storage — 701 S Homestead Blvd, Homestead, FL 33030
- El Rey Jesus Homestead — 255 NE 2nd Dr, Homestead, FL 33030
- Toptastenflavors — 701 S Homestead Blvd, Homestead, FL 33030
- Self Storage — 715 W Mowry Dr, Homestead, FL 33030
FAQs
What type of property is this?
Warehouse - New 16,153 SF warehouse with owner financing available.
Where is this warehouse located?
The property is located at 146 SW 2nd St Homestead, FL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Owner financing available; New Construction (2024) 16,153 SF Warehouse on 27,000 SF Lot; **High Ceiling Clearances:** 33' Center / 22' Sides in Main Warehouse
