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    Intersection Of Redland Rd & Davis Pkwy Florida City, FL 33030
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    Property profile & analytics

    Intersection Of Redland Rd & Davis Pkwy Florida City, FL 33030

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    • Lifestyle centers
    • 3.22 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Intersection Of Redland Rd & Davis Pkwy

    Lot size
    3.22 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 3.22-acre commercial property, located at the intersection of Redland Road & Davis Parkway in Homestead, Florida (zip code 33030), presents a lucrative investment opportunity. Currently operating as a thriving shopping center anchored by nationally recognized brands including Dollar General, Walgreens, 7-Eleven, Taco Bell, McDonald's, Family Dollar, AutoZone, Chick-fil-A, Walmart, Aldi, Sherwin-Williams, and Bank of America, this C-2 zoned property offers significant potential for future growth. The property benefits from a high average daily traffic count of 9,900 on Davis Parkway, projected to increase substantially with the construction of over 1,950 new homes directly adjacent to the site by prominent builders ONX, DR Horton, Century Home Builders, and Ryan Homes. This prime location makes it ideal for a variety of businesses, including but not limited to daycare centers, medical facilities, urgent care clinics, and additional retail establishments. The seller is open to considering land lease options in addition to outright sale, priced at $3,500,000. Detailed site plans, drone footage, videos, and comprehensive zoning information are available upon request. This is a rare chance to acquire a well-established, high-performing retail center poised for significant future appreciation in a rapidly developing area of Miami-Dade County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Florida City
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.4934
    Latitude
    25.455

    Comparable in this City

    • Value Estimation
      $1,450,000
      6,506 SF

      120 8th St

      MINI-MALL • 6,506 SF
      120 8th St, Homestead, FL 33030-4608
      View Details
    • Value Estimation
      $6,315,000
      30,213 SF

      803 Homestead Blvd

      MINI-MALL • 30,213 SF
      803 Homestead Blvd, Homestead, FL 33030-5024
      View Details
    • Value Estimation by Request
      750 SF

      Homestead, FL 33030

      Retail properties & Spaces • 750 SF
      Homestead, FL 33030
      View Details
    • Value Estimation by Request
      10.00 Acres

      30545 193rd Ave

      NURSERY, GREENHOUSE, FLORIST • 10.00 Acres
      30545 193rd Ave, Homestead, FL 33030-3705
      View Details
    • Value Estimation by Request
      5.07 Acres

      Homestead, FL 33030

      NURSERY, GREENHOUSE, FLORIST • 5.07 Acres
      Homestead, FL 33030
      View Details
    • Value Estimation by Request
      540 SF

      65 2nd St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 540 SF
      65 2nd St, Homestead, FL 33030
      View Details

    Similar Nearby for Sale

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      Retail Property in Homestead, Florida

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      750 SF

      Mixed-Use Property For Sale

      Mixed-use property with commercial building and vacant land.
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    • $650,000
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      Homestead Retail Property - Two Lots

      Prime Homestead location, two combined lots, high potential.
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    Similar Nearby for Lease

    • $4 SF/Yr
      6,228 SF

      Homestead Retail Space For Lease

      Prime Homestead location, 6,228 sq ft retail space.
      313 Krome Ave, Homestead, FL 33030
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      Neighborhood Shopping Center For Rent

      Neighborhood shopping center with ample parking on Campbell Drive.
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      3,312 SF

      Homestead Retail Space For Lease

      Retail space available at Homestead Towne Square.
      803 N Homestead Blvd, Homestead, FL 33030
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      2,226 SF

      Homestead Retail Space Available

      Retail space for lease in Homestead Towne Square.
      903 N Homestead Blvd, Homestead, FL 33030
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    • Contact for pricing

      4 S Krome Ave, Homestead, FL 33030

      Retail space
      4 S Krome Ave, Homestead, FL 33030
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail spaces available for lease, ranging from 1,057 to 10,813 SF.
      211-287 S Homestead Blvd, Homestead, FL 33030
      View Details
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    Intersection Of Redland Rd & Davis Pkwy
    Florida City, FL 33030
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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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    Intersection Of Redland Rd & Davis Pkwy, Florida City, FL, 33030
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