Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    296 296Th St Homestead, FL 33030

    Sponsored
    Picture of Land at 296Th St 296, Homestead, FL
    For Sale
    $25,000,000

    Unimproved Land - Homestead, FL

    Type:Unimproved Land
    Lot size:
    35.00 Acres
    Days on Market:
    49
    Last Refresh:
    Jan 30 at 11:06 am

    Property Features for 296 296Th St

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    Zoning
    9000
    APN
    30-78-10-000-0010
    Lot size
    35.00 Acres

    Utilities

    Sewer type
    None
    Water source
    Other

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    June Makis
    June Makis

    Royal Palm Real Estate Services LLC (305) 793-8325

    Listing agent June Makis (305) 793-8325 License #3161894

    Listing date Dec 13, 2025

    MLS# A11789483 Listing URL

    Copyright © 2026 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    35 Acres Prime Redlands Land

    This property features 35 acres of land with potential for development. The sale price includes two folios: 30-7810-000-0010 and 30-7810-000-0020. Overhead electric is in place, requiring only meters. Surveys are available. The property is located in Flood Zone X. The main road provides access to Homestead Aviation Airport to the West and Krome Ave to the East. The Urban Development Boundary (UDB) is situated just on the East side of 197th Ave. This property offers a development opportunity in the Redlands area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.421735
    Latitude
    25.49207

    Nearby Similar for Sale

    • $1,500,000
      2.37 Acres

      Homestead Agricultural Land for Sale

      2+ acre agricultural land in Redlands with income potential.
      24545 SW 192Nd Ave, Homestead, FL 33031
      View Details
    • $2,999,900

      Homestead Mixed-Use Building For Sale

      Versatile commercial building on high-traffic corridor with development potential.
      27330 S Dixie Hwy, Homestead, FL 33032
      View Details
    • $2,999,900
      0.55 Acres

      Homestead Commercial Building on US1

      High-traffic location with development potential near major retail.
      27330 S Dixie Hwy, Homestead, FL 33032
      View Details
    • $1,200,000
      5.00 Acres

      Homestead Land with Nursery Potential

      5 acres in Redlands, ideal for dream home or development.
      20750 SW 256Th St, Homestead, FL 33031
      View Details
    • $1,550,000
      5.00 Acres

      Redland Plant Nursery Investment Opportunity

      Established plant nursery on 5 acres in Redland, Florida.
      20750 SW 256Th St, Homestead, FL 33031
      View Details
    • $1,499,000
      2.33 Acres

      Organic Fruit Farm in Homestead

      Income-generating organic fruit farm with updated home in Redlands.
      21991 SW 252Nd St, Homestead, FL 33031
      View Details
    • $1,899,999

      Established Auto Service Shop For Sale

      Mechanic shop for sale near Downtown Homestead, operating for 35+ years.
      105 NE 1St Rd, Homestead, FL 33030
      View Details
    • $2,299,998
      Pending

      Historic Landmark Office in Homestead

      Historic 1925 Homestead office building with modern upgrades for sale.
      97 NE 15Th St, Homestead, FL 33030
      View Details
    • $1,650,000
      10.00 Acres

      Homestead Plant Nursery on 10 Acres

      10-acre plant nursery in Homestead, ready for business operations.
      19815 SW 256Th St, Homestead, FL 33031
      View Details
    • $3,999,000
      24.00 Acres

      Waterfront Land Eco-Tourism Resort

      24 acres of waterfront land ideal for eco-tourism resort.
      Us1, Homestead, FL 33034
      View Details
    • $1,399,000
      Pending

      Homestead Mamey Farm with Home

      4.72-acre mamey farm featuring a 3/2 home in Homestead.
      25600 SW 197Th Ave, Homestead, FL 33031
      View Details
    • $479,000

      Established Colombian Restaurant Opportunity

      Turnkey restaurant with loyal customer base in prime location.
      28830 S Dixie Hwy, Homestead, FL 33033
      View Details

    FAQs

    What type of property is this?
    Land - 35 acres of land with development potential in Redlands.
    Where is this land located?
    The property is located at 296 296Th St Homestead, FL.
    What is the asking price?
    The asking price for this property is $25,000,000.
    What are key features of this property?
    This property features: - 1.35 Acres of Land in Redlands: Offers significant space.; - Prime Location: Desirable Redlands area, close to Homestead Aviation airport and Krome Ave.; - Development Potential: A unique opportunity to develop.
    (305) 216-1211
    Request Owner's contact information
    296 296Th St Homestead, FL 33030
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    296 296Th St
    Homestead, FL 33030
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    296 296Th St Homestead, FL 33030
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    June Makis
    June Makis
    Real Estate License ID: 3161894
    (305) 216-1211
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.