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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1039 2nd St Homestead, FL 33030-5605

    • Warehouses
    • 15,000 SF
    • 5.00 lot acres
    OFF-MARKET
    Last Sale
    Jan 24, 2025
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4625738
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 1039 2nd St

    Year built
    1993
    Construction
    TYPE NOT SPECIFIED
    Lot size
    5.00 lot acres
    Property size
    15,000 SF
    Zone code
    7200:INDUSTRIAL,MED MFG
    Property type
    Warehouses
    APN
    10-7813-000-0030
    APU
    1078130000030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $700,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.4906
    Latitude
    25.4711
    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
    $43,046
    $1,742,400
    $503,038
    $2,245,438
    -
    $1,742,400
    $503,038
    $2,245,438

    Comparable in this City

    • 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
      $245,000
      1,000 SF

      750 9th Ave

      WAREHOUSE, STORAGE • 1,000 SF
      750 9th Ave, Homestead, FL 33030
      View Details
    • Value Estimation
      $900,000
      6,213 SF

      701 Homestead Blvd

      WAREHOUSE, STORAGE • 6,213 SF
      701 Homestead Blvd, Homestead, FL 33030-7305
      View Details
    • Value Estimation
      $565,000
      12,989 SF

      451 14th Ave

      WAREHOUSE, STORAGE • 12,989 SF
      451 14th Ave, Homestead, FL 33030-5610
      View Details
    • Value Estimation by Request
      24,120 SF

      10 9th Ave

      WAREHOUSE, STORAGE • 24,120 SF
      10 9th Ave, Homestead, FL 33030-6969
      View Details
    • Value Estimation
      $520,000
      9,408 SF

      401 14th Ave

      WAREHOUSE, STORAGE • 9,408 SF
      401 14th Ave, Homestead, FL 33030-5610
      View Details

    Similar Nearby for Sale

    • $6,000,000
      Pending

      80-Acre Farm with Packing House

      Fully fenced and irrigated 80-acre farm with warehouse in Homestead.
      32600 SW 217Th Ave, Homestead, FL 33030
      View Details
    • Contact for pricing
      16 SF

      Homestead Warehouse Facility For Sale

      16,153 SF warehouse in Homestead, near major transportation routes.
      146 SW 2Nd St, Homestead, FL 33030
      View Details
    • $5,000,000
      16,153 SF

      Homestead Warehouse - New Construction

      Modern 16,153 SF warehouse, prime location.
      146 2Nd St, Homestead, FL 33030
      View Details
    • $700,000
      2,632 SF

      Homestead Industrial Property - High ROI

      Prime Automotive/Marine Location, High Demand
      Homestead, FL 33030
      View Details
    • $5,475,000
      23,936 SF

      Homestead Flex Space For Sale

      Prime Downtown Homestead location, 23,936 sq ft, vacant.
      143 Flagler Ave, Homestead, FL 33030
      View Details
    • $2,100,000

      Homestead Commercial Property For Sale

      Freestanding 6,212 SF building on 15,000 SF lot in Homestead.
      395 N Flagler Ave, Homestead, FL 33030
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      1,409 SF

      Homestead Warehouse: 1409 SF

      Rare Homestead Warehouse for Lease
      238 9Th Ave, Homestead, FL 33030
      View Details
    • $4,061 /Mo
      1,034 SF

      Homestead Warehouse - Great Location

      1,034 sq ft Warehouse, Office, Yard
      240 6Th Ave, Homestead, FL 33030
      View Details
    • $20 SF/Yr
      16 SF

      New Warehouse Facility in Homestead

      16,153 SF warehouse with office space, completion December 2024.
      146 SW 2Nd St, Homestead, FL 33030
      View Details
    • $3 SF/Yr
      3,015 SF

      Homestead Warehouse: Prime Location

      3,015 sq ft Industrial Space Available
      906 4Th St, Homestead, FL 33030
      View Details
    • New
      $2,750 /Mo

      Industrial Condo in Homestead, Florida

      1250 sq ft industrial condo for rent in Homestead.
      416 NW 10Th Ave, Homestead, FL 33030
      View Details
    • New
      $2,900 /Mo

      Homestead Industrial Condo For Rent

      Industrial condo with roll-up door, office, restroom, and parking.
      238 NW 9Th Ave, Homestead, FL 33030
      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.
    1039 2nd St
    Homestead, FL 33030-5605
    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.