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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office buildings
1200 Flagler Ave, Homestead, FL 33030-4908
Entity Owned
Free & Clear
Property ID
US18-4168492
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Construction
CONCRETE
Total area
1,659 SF
Lot
0.17 ac (7,600 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
10-7907-006-0060
UPID
US18-4168492
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
-
Kinsley Amelia Baby Clothing Store Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$339k
Blend (final)
Blend
$550k
Owner & transaction history
1200 N Flagler Ave LLC
1200 N Flagler Ave LLC
since 2025
Last sale
$550,000
5 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$730,000
+41.1%
Commercial (general)
$555,000
+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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$515,000
Current use
MEDICAL BUILDING
$730,000
Change: +41% · Conversion: Easy
COMMERCIAL (GENERAL)
$555,000
Change: +7% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$475,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (May 21 2024)
Last sale anchor
$550k
May 21 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
$332 / 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
$4,071
Tax year 2023
Assessed value
$206,191
Assessed 2023
Previous assessed
$206,191
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$114,000
Assessed improvement
$92,191
Land market value
$114,000
Improvement market value
$92,191
Total market value
$206,191
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
1955
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
1,659 SF
Lot
0.17 ac (7,600 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
10-7907-006-0060
UPID
US18-4168492
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Homestead, FL
Zoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · 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
$515,000
MEDICAL BUILDING
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$555,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$475,000
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
1955
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
1200 N Flagler Ave LLC
Entity
Free & Clear · 0 yrs held
Mailing address
12332 QUAIL ROOST DR, MIAMI, FL 33177-4930
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2025
$1,300,000
1200 N Flagler Ave LLC
Bumble Bee Daycare & Learning Cente
Warranty Deed
—
May 21, 2024
$550,000
Bumble Bee Daycare & Learning Cente
Patrick Del Vecchio
Warranty Deed
—
Oct 31, 2011
—
Patrick Delvecchio
Delvecchio,patrick
Quit Claim Deed
related
—
Dec 27, 2001
$1,975,000
Walgreen Co
Bfs Retail & Commercial Operat
Grant Deed
—
Dec 27, 2001
$820,000
Bfs Retail
Bridgestone/firestone N Americ
Quit Claim Deed
related
—
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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