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30451 SW 217TH AVE
HOMESTEAD, FL 33030-7902
Asking Price
$14.00M
Asset Type
Agricultural Land
Class
Class B
What's Special
75± acres improved agricultural land — available as a whole or in two parcels (35 + 40) <p>75± acres of improved agricultural land in Miami-Dade's Redland — sell as a whole or in two parcels (35 + 40 acres)</p><p>~$15,000/acre in shadehouse and irrigation; entire site irrigated</p><p>35-acre parcel retains development rights; 40-acre parcel's rights sold to the County</p><p>Income potential: ~350,000 10-inch pot capacity; ~$2.1M gross income / ~$525K gross profit per year</p><p>Direct access from SW 304th St & SW 217th Ave; minutes from US-1 and Krome Ave</p>
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NOI
$80,000
Cap Rate
0.57%
DSCR
0.10
Underwater
Cash-on-Cash
-17.89%
Monthly Payment
$69,264.361
Annual Cash Flow
$-751,172.336
