Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    28700 212Th Ave Homestead, FL 33030
    Back to Search
    Property profile & analytics

    28700 212Th Ave, Homestead, FL 33030

    View on Map
    • Land
    • 15.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 28700 212Th Ave

    Lot size
    15.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 15-acre property in the Redlands area of Homestead, Florida, presents a unique investment opportunity. Comprised of three 5-acre parcels (APN: 30-7804-000-0311), this land offers diverse development potential. Its zoning allows for a variety of uses, including the creation of 5-acre homesites, establishing a grove, nursery, vegetable farm, or tree farm. Each 5-acre parcel has the potential to accommodate one primary residence and one guest house, subject to local zoning regulations. Located at 28700 SW 212th Ave, Homestead, FL 33030 (latitude 25.4986539422815, longitude -80.53450164493464), this property is conveniently situated in Miami-Dade County. The asking price for this expansive land holding is $1,650,000. This is a rare opportunity to acquire a significant parcel of land in a desirable location with multiple development possibilities. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.5345
    Latitude
    25.4987

    Comparable in this City

    • Value Estimation by Request
      80.00 Acres

      32600 217Th Ave

      Farms
      32600 217Th Ave, Homestead, FL 33030
      View Details
    • Value Estimation by Request

      187 Ave And 4 St

      Farms
      187 Ave And 4 St, Homestead, FL 33030
      View Details
    • Value Estimation by Request

      604 6Th Ave

      Land
      604 6Th Ave, Homestead, FL 33030
      View Details
    • Value Estimation by Request
      3.83 Acres

      6Th St

      Land
      0 6Th St, Homestead, FL 33030
      View Details
    • Value Estimation by Request
      65.00 Acres

      40800 177Th Ave

      Land
      40800 177Th Ave, Homestead, FL 33030
      View Details
    • Value Estimation by Request

      328Th St

      Land
      0 328Th St, Homestead, FL 33030
      View Details

    Similar Nearby for Sale

    • $1,425,000
      8.78 Acres

      Fenced Avocado Farm on 8.7 Acres

      8.7 acre fenced avocado farm in a growing area.
      296xx sw 207Th Ave, Homestead, FL 33030
      View Details
    • Contact for pricing

      Large Land Portfolio For Sale

      65-acre land portfolio suitable for long-term investment or exchange.
      40800 SW 177Th Ave, Homestead, FL 33030
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Land Parcel For Lease

      Land parcel with frontage and high visibility near major retailers.
      6 SE 6Th St S US-1, Homestead, FL 33030
      View Details
    • Contact for pricing

      Retail Outparcels for Ground Lease

      Retail outparcels available for ground lease in Homestead, Florida.
      100 SE 6Th St, Homestead, FL 33030
      View Details
    • Contact for pricing

      Neighborhood Shopping Center For Rent

      Neighborhood shopping center with ample parking on Campbell Drive.
      239 NE 8Th St, Homestead, FL 33030
      View Details
    • Contact for pricing
      1,208 SF

      Homestead Retail Space For Lease

      Retail space available at Homestead Towne Square.
      803 N Homestead Blvd, Homestead, FL 33030
      View Details
    Request Owner's contact information
    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.
    28700 212Th Ave
    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
    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

    Thank You for Inquiry
    28700 212Th Ave, Homestead, FL, 33030
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!