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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office buildings
1008 1st Ave, Homestead, FL 33030-4417
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1738701
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1947
Construction
CONCRETE
Total area
2,086 SF
Lot
0.36 ac (15,748 SF)
Zoning code
6800:COMM,PROFESS OFFICES
APN
10-7812-010-0190
UPID
US18-1738701
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
Current use
Occupant on record · Public records
-
Gonzalez Ana Insurance Agency
-
Saucedo Sarahi Insurance Agency
-
Martinez Giselle Insurance Agency
-
Dean Joanne Insurance Agency
-
Perez Celia Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$792k
Blend (final)
Blend
$625k
Owner & transaction history
1008 Nw 1st Ave LLC · 1 yrs held
1008 Nw 1st Ave LLC
since 2024
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
6800:COMM,PROFESS OFFICES · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$915,000
+41.1%
Commercial (general)
$695,000
+7.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Homestead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Homestead submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$625,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$650,000
Current use
MEDICAL BUILDING
$915,000
Change: +41% · Conversion: Easy
COMMERCIAL (GENERAL)
$695,000
Change: +7% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$600,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Oct 1 2024)
Last sale anchor
$625k
Oct 1 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$300 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,168
Tax year 2023
Assessed value
$481,972
Assessed 2023
Previous assessed
$481,972
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$393,700
Assessed improvement
$88,272
Land market value
$393,700
Improvement market value
$88,272
Total market value
$481,972
Applied tax rate
1,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1947
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
1
Total area
2,086 SF
Lot
0.36 ac (15,748 SF)
Zoning code
6800:COMM,PROFESS OFFICES
APN
10-7812-010-0190
UPID
US18-1738701
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6800:COMM,PROFESS OFFICES · Homestead, FL
Zoning 6800:COMM,PROFESS OFFICES · permitted uses
6800:COMM,PROFESS OFFICES · Homestead, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Homestead. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$650,000
MEDICAL BUILDING
Est. value
$915,000
COMMERCIAL (GENERAL)
Est. value
$695,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$600,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1947
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
1008 Nw 1st Ave LLC
Entity
Mailing address
21 N PO BOX 924176TH AVE, HOMESTEAD, FL 33092-4176
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2024
—
1008 Nw 1st Ave LLC
Raymond Van Hook
Quit Claim Deed
related
—
May 16, 2024
$625,000
Raymond Van Hook
Jacqueline M Quintela
Warranty Deed
—
Oct 27, 2022
—
Anthony D Hazard
—
Deed
related
$153,000 · Quin Group INC
Nov 23, 2004
—
Anthony Hazard
Hazard,anthony
Quit Claim Deed
related
$99,000 · Bank Of America
Jun 11, 2001
$79,900
Anthony Hazard
South Miami Dev Associates INC
Grant Deed
$65,658 · Bank Of America
Oct 22, 1998
$100,000
Miami Development Associ South
Gadway,john F & Tantri M
Grant Deed
—
—
—
Anthony Hazard
—
Deed Of Trust
related
$34,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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