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Property profile & analytics
OFF-MARKET
Estimated value
$4,280,000
Office buildings
12171 268th St, Homestead, FL 33032-8001
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-4591910
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Construction
CONCRETE
Total area
11,293 SF
Lot
5.35 ac (232,934 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
30-6936-000-0022
UPID
US18-4591910
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
-
American Care Medical Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.91M
Comparable Approach
Comparable
$4.72M
Blend (final)
Blend
$4.28M
Owner & transaction history
Miami Avenue Real Estate INC · 12 yrs held
Miami Avenue Real Estate INC
since 2013
1 recorded transaction
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.1M
+105.5%
Medical building
$5.0M
+43.1%
Commercial (general)
$3.8M
+8.9%
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%
$5,320,000
6.5%
$4,910,000
7%
$4,560,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,465,000
Current use
AUTO REPAIR, GARAGE
$7,125,000
Change: +106% · Conversion: Difficult
MEDICAL BUILDING
$4,960,000
Change: +43% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,775,000
Change: +9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,240,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$2,860,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$4.28M
Range $3.85M – $4.71M · ±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
$379 / 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
$43,393
Tax year 2023
Assessed value
$3,246,046
Assessed 2023
Previous assessed
$3,261,926
-0.5% YoY
Effective rate
1.34%
On assessed value
Assessed land
$2,115,012
Assessed improvement
$1,131,034
Land market value
$2,115,012
Improvement market value
$1,131,034
Total market value
$3,246,046
Applied tax rate
3,000.0000
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
1975
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
11,293 SF
Lot
5.35 ac (232,934 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
30-6936-000-0022
UPID
US18-4591910
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Homestead, FL
Zoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · 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
$3.5M
AUTO REPAIR, GARAGE
Est. value
$7.1M
MEDICAL BUILDING
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
RETAIL STORES
Est. value
$2.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1975
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
5.35 ac
Current owner
From public records · entity-resolved
Miami Avenue Real Estate INC
Entity
Mailing address
12171 SW 268TH ST, HOMESTEAD, FL 33032-8001
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2013
$925,000
Miami Avenue Real Estate INC
Power Financial Credit Union
Special Warranty Deed
$647,500 · Jpmorgan Chase 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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