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Property profile & analytics
OFF-MARKET Estimated value $4,360,000
Motels

1020 Homestead Blvd Homestead, FL 33030-5029

27,050 SF 1.2 ac lot Built 1966
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US19-0461220
Property summary
AI-generated overview

This exceptional commercial property, located at 1020 & 1090 N Homestead Blvd in Homestead, Florida, presents a rare opportunity for retail development or investment. The property boasts a substantial 2-acre lot size, providing ample space for a variety of retail uses. The zoning allows for single-tenant occupancy, making it ideal for a flagship store or a business requiring significant space. Situated in Miami-Dade County, this location benefits from excellent visibility and accessibility along N Homestead Blvd, ensuring high traffic volume and strong potential for customer engagement. The property's address is 1020 & 1090 N Homestead Blvd, Homestead, FL 33030. Its precise coordinates are latitude 25.4802746 and longitude -80.5271756. The property type is classified as retail, specifically street retail, offering significant potential for a wide range of businesses. The total building square footage is currently zero, presenting a blank canvas for new construction tailored to specific needs. This presents a unique opportunity to build a property to exact specifications, maximizing its potential and return on investment. The property's location in Homestead, Florida, offers a growing market with a strong local customer base and significant potential for future growth. This is a truly exceptional opportunity for a discerning investor or business owner seeking a prime retail location in a thriving South Florida community. Serious inquiries are encouraged.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1966
Construction CONCRETE
Total area 27,050 SF
Lot 1.2 ac (52,272 SF)
Zoning code 6300:COMMERCIAL,RESTRICT
APN 10-7907-026-0072
UPID US19-0461220
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
  • The Inn of Homestead Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.81M
CAP Approach CAP
$3.76M
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.36M
Owner & transaction history
Mmg Homestead LLC · 4 yrs held
Mmg Homestead LLC
since 2021
Last sale
$4.2M
7 recorded transactions
2021
$4.2M
2017
Price N/A
2006
Price N/A
2006
$3.5M
2006
Price N/A
1998
$862,500
1969
Price N/A
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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