Mixed-Use Property
New
For Sale
$7,000,000
SW 1 Ave SW 1 Ave 2nd Street, Homestead, FL 33030
The portfolio combines existing buildings with vacant parcels across downtown and industrial zoning areas.
Property Size13,657 SF
Lot Size2.84 Acres
Price / SF$512.56
Days on Market4
Property Features for SW 1 Ave SW 1 Ave 2nd Street
General Information
Standard status
Active
Size
13,657 SF
Lot size
2.84 Acres
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Automotive Uses
auto repair
Real Estate Included
Yes
Building Details
Year Built
1974
Listing Agency:
Cervera Real Estate Inc.
(305) 670-1550
Listed By:
Aldo Briolo · License #3304874
(786) 395-7116
Source:
Lehmannflorida
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 2:30PM
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 Cervera Real Estate Inc.
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.
This Homestead portfolio brings together 16 lots totaling 123,782 SF. Existing buildings account for 13,657 SF across 7 lots and include houses, warehouse and automotive buildings, and a repair shop; 9 lots are vacant. The properties are offered in three groups for phased development. Two zoning areas are identified, subject to reconfirmation with the City of Homestead: 85,787 SF under SWPUN-DMU, Downtown Mixed Use, and 37,995 SF under SWPUN-IND, Industrial.
The lots are in the area of SW 1 Ave and SW 2 St, north and south of SW 2 St, near the railroad. Nearby Homestead Station includes mixed-use entertainment, retail, a library, and transit, along with a 1,200-space garage and a South Dade TransitWay BRT hub that opened in 2025. The portfolio is within reach of Krome Avenue, Florida’s Turnpike, and US-1.
The lots are in the area of SW 1 Ave and SW 2 St, north and south of SW 2 St, near the railroad. Nearby Homestead Station includes mixed-use entertainment, retail, a library, and transit, along with a 1,200-space garage and a South Dade TransitWay BRT hub that opened in 2025. The portfolio is within reach of Krome Avenue, Florida’s Turnpike, and US-1.
Key Highlights
- 16 lots spanning 123,782 SF
- 13,657 SF of existing building area across 7 lots
- 9 vacant lots; the portfolio is offered in three groups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$235,583
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,711,660
$4.7M
Cap Rate 7%
$3,365,471
$3.4M
Cap Rate 9%
$2,617,589
$2.6M
Market Conditions
NOI Build-Up for 13,657 SF
Gross rent
$409.7K $30.00/SF
− Vacancy
−$32.8K −$2.40/SF
EGI
$376.9K $27.60/SF
− OpEx
−$141.3K −$10.35/SF
NOI
$235.6K $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%
$4,711,660
Cap Rate 7%
$3,365,471
Cap Rate 9%
$2,617,589
Alternative Uses
Best Use
Mixed Use
$3.37M
$2.94M – $3.93M
NOI $235,583 @ 7.0% cap · market cap 3.37%
Second Best
Retail
$3.30M
$2.89M – $3.85M
NOI $230,929 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$6.93M
$6.06M – $8.08M
NOI $485,014 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,825
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
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The portfolio combines existing buildings with vacant parcels across downtown and industrial zoning areas.
Where is this mixed-use property located?
The property is located at SW 1 Ave SW 1 Ave 2nd Street Homestead, FL.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 16 lots spanning 123,782 SF; 13,657 SF of existing building area across 7 lots; 9 vacant lots; the portfolio is offered in three groups
