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Property profile & analytics
OFF-MARKET
Commercial real estate

14281 Henderson St Homestead, FL 33032

Entity Owned 3-yr Hold
Property ID
US18-8499450
Property summary
AI-generated overview

This exceptional 1.1-acre vacant lot in Homestead, Florida, presents a compelling development opportunity. Located at 14281 Henderson St, 33032, this property boasts a prime location near US-1, a major thoroughfare, ensuring high visibility and accessibility. The current zoning, UC-RM 3161-UC Center Residential Modified (RM), allows for the construction of up to 38 apartment units, making it ideal for multi-family development. The property has already received ASPR approval, streamlining the development process. Construction plans are currently under review and are anticipated to be finalized in Q3 2024. The area is experiencing significant growth and construction activity, indicating a strong and burgeoning market. This presents a unique chance to capitalize on the Homestead real estate boom and create a substantial return on investment. The asking price for this exceptional development site is $1,590,000. Given the zoning, approvals in place, and the current market conditions, this property represents a rare and highly attractive investment opportunity. The property's coordinates are 25.523525 latitude and -80.421943 longitude. Serious inquiries are encouraged.

Property profile
Verified
Property type Commercial real estate
UPID US18-8499450
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap 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
by Request
Owner & transaction history
14281 New Homes LLC · 3 yrs held
14281 New Homes LLC
since 2022
3 recorded transactions
2022
$650,000
2022
Price N/A
2021
$230,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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