Technical
Financial
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Property profile

143 N Flagler Ave Homestead, FL 33030

FOR SALE
Office Spaces
Property ID
US18-0324204
23,936 SF Built 1937
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Property summary

AI-generated overview

This exceptional two-story, 23,936 square foot flex space building, located at 143 N Flagler Ave in Homestead, Florida (33030), presents a unique investment opportunity. Built in 1937 and extensively renovated in 2018, 2019, and 2023, this Class B property sits on a 37,500 square foot lot and offers 49 on-site parking spaces within a fenced and resurfaced lot. Currently vacant, except for a 4,000 square foot ground floor medical clinic with a separate entrance, the building offers significant flexibility for a variety of uses. The remaining space is adaptable to suit diverse needs, from traditional office suites to open collaborative workspaces. A spacious elevator services both floors, and the building boasts remodeled bathrooms and an excellent security system. The property is zoned B-3 Liberal Business District, providing ample opportunities for various businesses. Its prime location in Downtown Homestead offers excellent visibility and accessibility, situated near the Busway, City Hall, Miami-Dade Community College, and with easy access to Monroe County. An additional 54 parking spaces across the street are available for purchase, if needed. The asking price is $5,475,000 ($275.74/sq ft), with a triple net lease option available. The property features excellent signage and an outside seating area. Potential uses include professional offices, corporate headquarters, co-working spaces, technology hubs, medical clinics, rehabilitation centers, educational institutions, and call centers. The APN is 10-7918-008-0280.

Property profile

Verified
Property type Office Spaces
Year built 1937
Total area 23,936 SF
UPID US18-0324204

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Building Supply General Contractor
  • Physician Medical Clinic

Location

143 N Flagler Ave Homestead, FL 33030
Homestead metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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