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    Property profile & analytics

    2026 8Th St Homestead, FL 33033

    • Retail properties
    For Sale
    View listing
    $320,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rinconcito SuperLatinos Cafeteria / Restaurant

    Property Details for 2026 8Th St

    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This thriving restaurant, Rinconcito Superlatinos Cafete, presents a unique investment opportunity in the vibrant city of Homestead, Florida. Located at 2026 NE 8 STREET, 33033, this well-established eatery boasts a prime location within Miami-Dade County, ensuring high visibility and accessibility. The property is categorized as retail, specifically a restaurant, and is offered at an asking price of $320,000. The business benefits from its position near major attractions, residential areas, and shopping centers, guaranteeing a consistent flow of customers. The interior features a fully equipped kitchen, designed for efficient operation, and a spacious dining area with attractive décor. This turnkey operation is ready for a new owner to step in and continue its success. The property's excellent location and established clientele make it an attractive investment for those seeking a profitable venture in a growing market. 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
    -80.4494
    Latitude
    25.4765

    Comparable in this City

    • Value Estimation by Request
      25,850 SF

      1400-1440 8Th St

      Lifestyle centers • 25,850 SF
      1400-1440 8Th St, Homestead, FL 33033
      View Details
    • Value Estimation by Request
      26,000 SF

      1410 8Th St

      Restaurants • 26,000 SF
      1410 8Th St, Homestead, FL 33033
      View Details
    • Value Estimation by Request

      13376 288Th St

      Retail properties
      13376 288Th St, Homestead, FL 33033
      View Details
    • Value Estimation
      $450,000
      78,544 SF

      2551 9th Ct

      DEPARTMENT STORE • 78,544 SF
      2551 9th Ct, Homestead, FL 33033-4724
      View Details
    • Value Estimation by Request
      41,495 SF

      1982-2078 Campbell Dr

      Retail properties • 41,495 SF
      1982-2078 Campbell Dr, Homestead, FL 33033
      View Details
    • Value Estimation by Request
      1.82 Acres

      14Th St

      Retail properties • 1.82 Acres
      0 14Th St, Homestead, FL 33033
      View Details

    Similar Nearby for Sale

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      Homestead Restaurant - Turnkey Opportunity

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      Established Colombian Restaurant Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
      114,525 SF

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    • $45 SF/Yr
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      Campbell Shoppes Retail Space Available

      Homestead, FL Retail Space for Lease
      1982-2078 Campbell Dr, Homestead, FL 33033
      View Details
    • Contact for pricing
      114,525 SF

      Homestead Retail Space - 114,525 SF

      Prime Homestead retail space, single tenant, high visibility.
      30318 Old Dixie Hwy, Homestead, FL 33033
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    • Contact for pricing
      114,525 SF

      Homestead Retail Space - 114,525 SF

      High-growth area, prime retail location. Excellent visibility, ample space.
      30318 Old Dixie Hwy, Homestead, FL 33033
      View Details
    • $34 SF/Yr
      1,431 SF

      Homestead Retail/Office Space Available

      Customizable retail/office spaces in Homestead, FL, for lease.
      600-650 Ne 22Nd Ter, Homestead, FL 33033
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    • Contact for pricing

      Retail Space on Campbell Drive

      Retail space with high visibility and ample parking available for rent.
      1850 Campbell Dr, Homestead, FL 33033
      View Details
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    2026 8Th St
    Homestead, FL 33033
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    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
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