238 9th Ave 1 Homestead, FL 33030-5754
Individually Owned
21-yr Hold
~
Est. High Equity
Estimated value (blended)
$145k
Range $131k – $160k (±10%)
Property ID
US18-9797673
Property summary
AI-generated overview
This exceptional 1,409-square-foot warehouse space presents a unique leasing opportunity in Homestead's thriving industrial area. Located at 238 NW 9th Ave #2, this single-tenant property boasts a desirable B3 zoning classification (6600), making it suitable for a variety of industrial uses. The warehouse features impressive 20-foot high ceilings, providing ample vertical storage space. Recent renovations ensure the property is in excellent condition and ready for immediate occupancy. The strategic location offers easy access to major transportation arteries, including Krome Avenue and South Dixie Highway, facilitating efficient logistics and distribution. This is a highly sought-after property in a competitive market, and given its size, features, and location, it is expected to lease quickly. The property's APN is 10-78-13-063-0020. The building includes a combination of office and warehouse space, perfectly suited for businesses requiring both administrative and storage functions. Don't miss this chance to secure a prime industrial space in a rapidly growing area. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2005
Total area
1,427 SF
Zoning code
6600:COMMERCIAL,LIBERAL
APN
10-7813-063-0010
UPID
US18-9797673
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$145k
Owner & transaction history
since 2005
2 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Homestead, FL
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 39 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$145k
Value range
$131k – $160k
±10% around blend
Estimated value / SF
$102 / SF
Confidence
High
39 county-verified comps
Property data
63
Market benchmarks
100
Comparable evidence
100
$131k
blend $145k
$160k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,427 SF
Year built
2005
APN
10-7813-063-0010
Assessed value
$164,105
Annual tax
$3,164
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$516k
Weighted, 20 comps · high confidence
Evidence
39 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.5 mi away · 1,393 SF
11.3 mi away · 1,173 SF
11.4 mi away · 1,599 SF
11.7 mi away · 1,520 SF
11.7 mi away · 1,035 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$145k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 24 sales
$193
-47%
Submarket 30 sales
$206
-51%
County 2032 sales
$249
-59%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $102/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 39 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$164k
Move the market yield to see immediate price impact.
Value / SF
$115
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$10k
$207k
$148k
$115k
$11k
$230k
$164k
$128k
$13k
$253k
$181k
$140k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
39 found
High confidence · county-verified
Closest comparable
$550k
0.3 mi · Dec 2025 · $532/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,164
Tax year 2023
Assessed value
$164,105
Assessed 2023
Previous assessed
$142,700
+15.0% YoY
Effective rate
1.93%
On assessed value
Total market value
$164,105
Applied tax rate
1,000.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2005
Heating
NONE
Total area
1,427 SF
Zoning code
6600:COMMERCIAL,LIBERAL
APN
10-7813-063-0010
UPID
US18-9797673
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Homestead, FLZoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · Homestead, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6600:COMMERCIAL,LIBERAL
Jurisdiction
Homestead, FL
Recorded code
6600:COMMERCIAL,LIBERAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6600:COMMERCIAL,LIBERAL in Homestead, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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