Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    147 8th St Homestead, FL 33030-4607

    • Drive through restaurants
    • 1,188 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2900592
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Village Pawn Shop / Discount Store / (Bike/Boat/Book/etc) Store
    • Western Union / Bank / Credit Union
    • Amazon Hub Counter - Village Pawn Shop / Postal Service / Courier Service

    Property Details for 147 8th St

    Year built
    1977
    Construction
    CONCRETE
    Lot size
    0.31 lot acres
    Property size
    1,188 SF
    Zone code
    6300:COMMERCIAL,RESTRICT
    Property type
    Drive through restaurants
    APN
    10-7907-030-0410
    APU
    1079070300410

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.4742
    Latitude
    25.4774
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,988
    $405,000
    $104,113
    $509,113
    -
    $405,000
    $104,113
    $509,113

    Comparable in this City

    • Value Estimation
      $685,000
      3,729 SF

      985 Homestead Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,729 SF
      985 Homestead Blvd, Homestead, FL 33030-5026
      View Details
    • Value Estimation by Request
      1,638 SF

      702 Krome Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,638 SF
      702 Krome Ave, Homestead, FL 33030-6045
      View Details
    • Value Estimation by Request
      1,780 SF

      987 Homestead Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,780 SF
      987 Homestead Blvd, Homestead, FL 33030-5026
      View Details
    • Value Estimation
      $3,305,000
      2,387 SF

      605 Krome Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,387 SF
      605 Krome Ave, Homestead, FL 33030-6043
      View Details
    • Value Estimation by Request
      1,613 SF

      331 Park Pl

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,613 SF
      331 Park Pl, Homestead, FL 33030-6022
      View Details
    • Value Estimation
      $535,000
      2,671 SF

      815 Krome Ave

      RESTAURANT • 2,671 SF
      815 Krome Ave, Homestead, FL 33030-4406
      View Details

    Similar Nearby for Sale

    • $199,900

      Established Japanese Restaurant Opportunity

      Long-standing Japanese restaurant for sale in Homestead, Florida.
      827 N Homestead Blvd, Homestead, FL 33030
      View Details
    • $1,000,000

      Restaurant, Bakery, Event Venue For Sale

      Multi-use restaurant, bakery, event, and live music venue for sale.
      17 NE 1St Rd, Homestead, FL 33030
      View Details
    • $199,900

      Established Japanese Restaurant For Sale

      Long-standing Japanese restaurant with loyal clientele and growth potential.
      827 N Homestead Blvd, Homestead, FL 33030
      View Details
    • Contact for pricing
      46,000 SF

      Homestead Retail and Restaurant Spaces

      Retail and restaurant spaces in Homestead's growing area.
      1400 NE 8Th St, Homestead, FL 33030
      View Details
    • $1,600,000
      3,564 SF

      Freestanding Restaurant Building on Dixie

      Freestanding second generation restaurant building with frontage on South Dixie.
      25 N Homestead Blvd, Homestead, FL 33030
      View Details
    • Contact for pricing

      Renovated Retail/Office Space in Homestead

      Fully renovated retail/office space in Downtown Homestead with parking.
      51 N Krome Ave, Homestead, FL 33030
      View Details

    Similar Nearby for Lease

    • $45 SF/Yr
      3,500 SF

      Homestead Retail and Restaurant Spaces

      New construction retail and restaurant spaces in growing Homestead area.
      1400-1440 NE 8Th St, Homestead, FL 33030
      View Details
    • Contact for pricing
      7,199 SF

      Homestead Blvd Retail Spaces

      Prime Homestead retail, multiple units available.
      211-287 Homestead Blvd, Homestead, FL 33030
      View Details
    • Contact for pricing
      65,000 SF

      Homestead Retail Space For Sale

      Prime Retail Location, Multiple Units Available
      4 Krome Ave, Homestead, FL 33030
      View Details
    • $4 SF/Yr
      6,228 SF

      Homestead Retail Space For Lease

      Prime Homestead location, 6,228 sq ft retail space.
      313 Krome Ave, Homestead, FL 33030
      View Details
    • Contact for pricing
      4,380 SF

      Homestead Retail Space For Lease

      Retail space available at Homestead Towne Square.
      803 N Homestead Blvd, Homestead, FL 33030
      View Details
    • Contact for pricing
      209,214 SF

      Homestead Medical Office Space

      Prime Medical Office, 2,226 SF Available
      0 Us 1 & Campbell Dr, Homestead, FL 33030
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    147 8th St
    Homestead, FL 33030-4607
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!