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Property profile & analytics
OFF-MARKET
Estimated value
$7,875,000
Parking lots & garages
12900 253rd St Homestead, FL 33032-5798
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3347248
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1972
Construction
CONCRETE
Total area
2,000 SF
Lot
26.47 ac (1,152,859 SF)
Zoning code
3050
APN
30-6926-000-0050
UPID
US18-3347248
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
by Request
Blend (final)
Blend
$7.88M
Owner & transaction history
Princetonian Associates LLC · 15 yrs held
Princetonian Associates LLC
since 2010
6 recorded transactions
Zoning & alternative use
3050 · Homestead, FL
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$3,938 / 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
$150,165
Tax year 2023
Assessed value
$12,713,830
Assessed 2023
Previous assessed
$7,966,200
+59.6% YoY
Effective rate
1.18%
On assessed value
Assessed land
$3,458,577
Assessed improvement
$9,255,253
Land market value
$3,458,577
Improvement market value
$9,255,253
Total market value
$12,713,830
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
2,000 SF
Lot
26.47 ac (1,152,859 SF)
Zoning code
3050
APN
30-6926-000-0050
UPID
US18-3347248
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
3050 · Homestead, FLZoning 3050 · permitted uses
3050 · Homestead, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
26.47 ac
Current owner
From public records · entity-resolved
Princetonian Associates LLC
Entity
Free & Clear · 15 yrs held
Mailing address
25120 SW 127TH AVE, HOMESTEAD, FL 33032
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2017
—
Princetonian Mhc LLC
—
Deed
related
$10,812,000 · Wells Fargo Bk
Aug 24, 2010
$5,641,000
Princetonian Associates LLC
Yale-steam Associates LP
Grant Deed
—
Aug 24, 2010
$4,795,000
Mirabella I Associates Ltd
Yale Steam Associates Limited Partn
Special Warranty Deed
—
Oct 7, 2008
—
Yale-steam Associates
—
Grant Deed
related
$9,750,000 · Wachovia Bank NA
Jul 26, 2006
$13,475,000
Yale Steam Associates LP
Cmh Parks INC
Special Warranty Deed
$9,750,000 · Wachovia Bank NA
—
—
Princetonian Mhc LLC
—
Loan Modification
related
$10,812,000 · Wells Fargo 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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