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Property profile

23100 SW 192Nd Ave Miami, FL 33170

FOR SALE
Specialty properties
Property ID
US18-1604384
43,124 SF Built 1974
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully operational, 43,124-square-foot cannabis cultivation facility situated on a 6.10-acre lot in the Redlands area of Homestead, Florida. The property, built in 1974, includes a state-of-the-art "Cravo" greenhouse and additional indoor covered space, representing a turnkey solution for a medical marijuana treatment center (MMTC). All structures and essential growing equipment are included in the sale, encompassing trays, tables, lighting systems, irrigation infrastructure, and tractor equipment. The facility is ideally suited for either a newly approved or existing MMTC. Note that the MMTC license is not included in this sale. Alternatively, the property is available for lease to qualified MMTC license holders at a gross monthly rental rate of $60,000. The property also includes a single-family home currently used as an office. This comprehensive offering presents a rare chance to acquire a well-established and high-potential cannabis cultivation operation in a prime location. The asking price for this unique property is $10,000,000. The property's address is 23100 SW 192nd Ave #B, Miami, FL 33170.

Property profile

Verified
Property type Specialty properties
Year built 1974
Total area 43,124 SF
UPID US18-1604384

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
  • Production Facility Industrial Manufacturer
  • Department Store

Location

23100 SW 192Nd Ave Miami, FL 33170
Miami metro
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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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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