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Property profile & analytics
OFF-MARKET
Estimated value
$14,595,000
Warehouses
1235 12th Ave Homestead, FL 33030-5039
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0232409
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Total area
81,931 SF
Lot
3.08 ac (134,281 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
10-7908-000-0220
UPID
US19-0232409
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
-
Evans Towtruck Auto Parts Store
-
SmartStop Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.77M
CAP Approach
CAP
$16.53M
Comparable Approach
Comparable
$14.75M
Blend (final)
Blend
$14.60M
Owner & transaction history
Ssgt II 1235 Ne Ave LLC · 6 yrs held
Ssgt II 1235 Ne Ave LLC
since 2020
Last sale
$14.4M
7 recorded transactions
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$23.5M
+34.2%
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
$14,770,000
CAP Approach
CAP Return
Estimation
6%
$17,900,000
6.5%
$16,525,000
7%
$15,345,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,530,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$23,515,000
Change: +34% · Conversion: Moderate
RETAIL STORES
$17,395,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$14.60M
Range $13.14M – $16.05M · ±10% · vs last sale $14.43M (Mar 20 2020)
Last sale anchor
$14.43M
Mar 20 2020
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
$178 / 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
$318,866
Tax year 2023
Assessed value
$17,466,000
Assessed 2023
Previous assessed
$11,396,000
+53.3% YoY
Effective rate
1.83%
On assessed value
Assessed land
$2,014,215
Assessed improvement
$15,451,785
Land market value
$2,014,215
Improvement market value
$15,451,785
Total market value
$17,466,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
3
Total area
81,931 SF
Lot
3.08 ac (134,281 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
10-7908-000-0220
UPID
US19-0232409
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Homestead, FL
Zoning 6500:COMMERCIAL,CLASSIF · permitted uses
6500:COMMERCIAL,CLASSIF · 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
WAREHOUSE, STORAGE Current
Est. value
$17.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$23.5M
RETAIL STORES
Est. value
$17.4M
WAREHOUSE, STORAGE Current
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
2019
Heating
NONE
Cooling
Yes
Stories
3
Buildings
4
Lot
3.08 ac
Current owner
From public records · entity-resolved
Ssgt II 1235 Ne Ave LLC
Entity
Mailing address
10 TER RD, LADERA RANCH, CA 92694-1182
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2020
$14,425,000
Ssgt II 1235 Ne Ave LLC
Agap Homestead LLC
Special Warranty Deed
—
Dec 19, 2018
—
Agap Homestead LLC
—
Grant Deed
related
$5,898,123 · American Momentum Bk
Oct 18, 2017
$1,200,000
Agap Homestead LLC
Blake,crawford L JR
Grant Deed
—
Aug 29, 2012
$1,472,250
Jeanne A Blake
Bemi International INC
Quit Claim Deed
related
—
Apr 10, 2008
$2,000,000
Bemi International INC
Blake,jeanne A
Quit Claim Deed
related
$1,963,000 · Jeanne A Blake
—
—
Crawford L Blake JR
—
Deed Of Trust
related
$60,000 · Merrill J Taub
—
—
Ssgt II 1235 Ne 12th Ave LLC
—
Loan Modification
related
$52,000,000 · Tcf Nat'l Bk
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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