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    1011 NW 6Th St Homestead, FL 33030
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    1011 NW 6Th St Homestead, FL 33030

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    • Industrial properties
    • 55,512 SF
    • 3.46 lot acres
    For Lease
    $6,960,000
    View Listing →
    Industrial Warehouse with Dock Doors For Lease
    $6,960,000

    Industrial Warehouse with Dock Doors

    Warehouse with dock doors, high ceilings, and renovated restrooms.

    1011 NW 6th St, Homestead, FL 33030
    View Listing
    Property ID
    US18-2297006
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $6,960,000
    Cap Rate Potential
    8.3%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • G Millwork | Interior and Exterior Doors Miami and South Florida / Industrial Manufacturer / Metal Fabrication Plant
    • Garrison's Loss Adjusting / Financial Advisor
    • Theme Factory USA / Interior Design / Home Decor Store

    Property Details for 1011 NW 6Th St

    Year built
    1963
    Construction
    CONCRETE
    Lot size
    3.46 lot acres
    Property size
    55,512 SF
    Zone code
    7200:INDUSTRIAL,MED MFG
    Property type
    Industrial properties
    APN
    10-7813-059-0130
    APU
    1078130590130

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,200,000
      ML approach
      $7,830,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,990,000
      6.5%
      $9,220,000
      7%
      $8,560,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,325,000
      Market price range: $6.28M - $13.8M
      AI Estimate
      $5,899,000
      Market price range: $3.10M - $11.8M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $10,715,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.491
    Latitude
    25.4756
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $88,813
    $1,206,216
    $3,170,784
    $4,377,000
    -
    $1,206,216
    $3,170,784
    $4,377,000

    Comparable in this City

    • Value Estimation by Request
      23,936 SF

      143 Flagler Ave

      Flex space • 23,936 SF
      143 Flagler Ave, Homestead, FL 33030
      View Details
    • Value Estimation by Request
      16,153 SF

      146 2Nd St

      Distribution properties • 16,153 SF
      146 2Nd St, Homestead, FL 33030
      View Details
    • Value Estimation by Request

      328Th St

      Land
      0 328Th St, Homestead, FL 33030
      View Details
    • Value Estimation by Request

      146 2Nd St

      Distribution properties
      146 2Nd St, Homestead, FL 33030
      View Details
    • Value Estimation by Request
      2,697 SF

      444 Mowry Dr

      HEAVY INDUSTRIAL • 2,697 SF
      444 Mowry Dr, Homestead, FL 33030-5842
      View Details
    • Value Estimation by Request

      745 Pkwy Pkwy

      Flex space
      745 Pkwy Pkwy, Homestead, FL 33030
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    Similar Nearby for Sale

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      Homestead Commercial Property For Sale

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      Homestead Warehouse Facility For Sale

      16,153 SF warehouse in Homestead, near major transportation routes.
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      16,153 SF

      New Warehouse Facility in Homestead

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      Homestead Mixed-Use Development Opportunity

      3,088 SF PAD-zoned corner lot with flexible development potential.
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    Similar Nearby for Lease

    • $20 SF/Yr

      New Warehouse Facility in Homestead

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      Rare Homestead Warehouse for Lease
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      Homestead Industrial/Warehouse Space For Rent

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      Homestead Industrial Condo For Rent

      Industrial condo in Homestead, featuring rollup door and open layout.
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    • Contact for pricing

      Industrial Warehouse with Dock Doors

      Warehouse with dock doors, high ceilings, and renovated restrooms.
      1011 NW 6Th St, Homestead, FL 33030
      View Details
    • $2,750 /Mo

      Homestead Industrial Condo For Rent

      Industrial condo for rent in Homestead, FL, with flexible zoning.
      238 NW 9Th Ave, Homestead, FL 33030
      View Details
    View Listing
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    1011 NW 6Th St
    Homestead, 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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