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

    372Nd St Homestead, FL 33033

    • Land
    • 20.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 372Nd St

    Lot size
    20.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 20.37-acre vacant land site presents a unique investment opportunity in South Homestead, Florida. Comprising three parcels (APN: 30-7836-000-0300, 30-7836-000-0352, 30-7836-000-0353), the property is zoned GU - Interim District with an Agricultural Land Use Master Plan designation, allowing for agricultural uses compliant with Miami-Dade County regulations. Conveniently located off SW 158th Ave and SW 372nd St, this property enjoys excellent accessibility. It's situated two miles south of W Palm Drive in Florida City and 2.5 miles from US-1, providing easy access to the Florida Keys (Key Largo is just 22 miles away). The Florida's Turnpike entrance at US-1 is only three miles away, offering convenient connections to major South Florida areas. The strategic location near the Florida Keys Outlet Marketplace, Walmart Supercenter, Home Depot, and just four miles from Historic Downtown Homestead, ensures a vibrant and amenity-rich environment. The asking price for this expansive property is $1,527,750. This land offers significant potential for a variety of agricultural and potentially other permitted uses, making it an attractive investment in a rapidly growing area. The property's proximity to major transportation arteries and retail centers makes it a highly desirable location for development.

    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
    -80.4367
    Latitude
    25.4921

    Comparable in this City

    • Value Estimation by Request

      1985 Campbell Dr

      Land
      1985 Campbell Dr, Homestead, FL 33033
      View Details
    • Value Estimation by Request
      1.00 Acre

      1985 Campbell Dr

      Land • 1.00 Acre
      1985 Campbell Dr, Homestead, FL 33033
      View Details
    • Value Estimation by Request
      11.13 Acres

      15960 296Th St

      Multifamily properties • 11.13 Acres
      15960 296Th St, Homestead, FL 33033
      View Details
    • Value Estimation by Request

      1703 Mowry Dr

      Land
      1703 Mowry 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
    • Value Estimation by Request
      100.00 Acres

      32925 147Th Ave

      Land • 100.00 Acres
      32925 147Th Ave, Homestead, FL 33033
      View Details

    Similar Nearby for Sale

    • $3,999,991

      20-Acre Land Near Miami

      20-acre corner lot suitable for residential or commercial development.
      312 312Th St, Homestead, FL 33033
      View Details
    • $3,950,000

      Palm Tree Farm For Sale

      Palm tree farm featuring diverse palm varieties in Homestead, Florida.
      287XX SW 107Th Ave, Homestead, FL 33033
      View Details
    • $5,000,000
      1.82 Acres

      Homestead Retail Land - $5M

      1.82-acre prime retail site, high traffic.
      0 14Th St, Homestead, FL 33033
      View Details
    • $6,950,000
      5.20 Acres

      Homestead Development Land

      5.2-Acre Prime Miami-Dade Site
      29500 Old Dixie Hwy, Homestead, FL 33033
      View Details
    • $45,000
      0.37 Acres

      Spacious Lot in Homestead, Florida

      Large lot in a rapidly growing area, ideal for investment.
      117 SW 117Th Ave, Homestead, FL 33033
      View Details
    • Contact for pricing

      Homestead Commercial Land - 4.22 Acres

      Prime Homestead location, B-1 zoned, redevelopment opportunity.
      1703 Mowry Dr, Homestead, FL 33033
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land for Ground Lease

      1.3 acre commercial land available for ground lease.
      2455 NE 10Th Ct, Homestead, FL 33033
      View Details
    • $40 SF/Yr
      40,000 SF

      MedSquare Homestead: Class A Medical Office

      Modern medical suites in booming Homestead, FL.
      14700 Campbell Dr, Homestead, FL 33033
      View Details
    • Contact for pricing
      114,525 SF

      Homestead Retail Space - 3 Acres

      Prime Homestead location, large retail space available.
      30318 Old Dixie Hwy, Homestead, FL 33033
      View Details
    • $45 SF/Yr
      41,495 SF

      Campbell Shoppes Retail Space Available

      Homestead, FL Retail Space for Lease
      1982-2078 Campbell Dr, 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
      View Details
    • $1.99 SF/Yr
      47,000 SF

      Homestead Office Park: Prime Location

      Historic Office Building, Ample Parking, Miami-Dade
      15600 288Th St, Homestead, FL 33033
      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.
    372Nd St
    Homestead, FL 33033
    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

    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.