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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Motels
1196 Krome Ave Homestead, FL 33034
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-3804551
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1979
Construction
CONCRETE
Total area
9,056 SF
Lot
0.58 ac (25,400 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
16-7824-020-1110
UPID
US18-3804551
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$709k
Blend (final)
Blend
$755k
Owner & transaction history
Miami Lodgings LLC · 12 yrs held
Miami Lodgings LLC
since 2014
4 recorded transactions
Zoning & alternative use
6000:COMMERCIAL,GENERAL · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$755k
Range $680k – $831k · ±10%
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
$83 / 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
$21,129
Tax year 2023
Assessed value
$1,241,835
Assessed 2023
Previous assessed
$842,045
+47.5% YoY
Effective rate
1.70%
On assessed value
Assessed land
$762,000
Assessed improvement
$479,835
Land market value
$762,000
Improvement market value
$479,835
Total market value
$1,241,835
Applied tax rate
1,600.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
NONE
Stories
1
Units
22
Bathrooms
22
Total area
9,056 SF
Lot
0.58 ac (25,400 SF)
Zoning code
6000:COMMERCIAL,GENERAL
APN
16-7824-020-1110
UPID
US18-3804551
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6000:COMMERCIAL,GENERAL · Homestead, FL
Zoning 6000:COMMERCIAL,GENERAL · permitted uses
6000:COMMERCIAL,GENERAL · 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.
Building & site characteristics
From public records
Year built
1979
Construction
CONCRETE
Heating
NONE
Stories
1
Units
22
Bathrooms
22
Lot
0.58 ac
Current owner
From public records · entity-resolved
Miami Lodgings LLC
Entity
Mailing address
1202 N KROME AVE, FLORIDA CITY, FL 33034-2428
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2018
—
Miami Lodgings LLC
—
Loan Modification
related
$2,491,582 · City Nat'l Bk/fl
Jun 4, 2014
$2,200,000
Miami Lodgings LLC
Lynchburg Travel Inn LLC
Trustees Deed
$1,430,000 · City Nat'l Bk/fl
—
—
Lynchburg Travel Inn Corp
—
Deed Of Trust
related
$817,382 · First National Bank South Fl
—
—
Lynchburg Travel Inn LLC
—
Deed Of Trust
related
$195,286 · Capital Bank NA
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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