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Property profile & analytics
OFF-MARKET
Estimated value
$4,180,000
Warehouses
1496 Old Dixie Hwy Homestead, FL 33030-4955
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4724936
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Construction
STEEL FRAME
Total area
26,383 SF
Lot
0.62 ac (27,050 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
10-7907-013-0120
UPID
US18-4724936
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
-
SecureSpace Self Storage Homestead Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.09M
CAP Approach
CAP
$5.32M
Comparable Approach
Comparable
$4.75M
Blend (final)
Blend
$4.18M
Owner & transaction history
1496 Old Dixie Highway LLC · 4 yrs held
1496 Old Dixie Highway LLC
since 2022
Last sale
$3.4M
6 recorded transactions
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,185,000
ML approach
$4,085,000
CAP Approach
CAP Return
Estimation
6%
$5,765,000
6.5%
$5,320,000
7%
$4,940,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,645,000
Current use
RETAIL STORES
$5,600,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$4.18M
Range $3.76M – $4.60M · ±10% · vs last sale $3.38M (Jan 12 2022)
Last sale anchor
$3.38M
Jan 12 2022
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
$158 / 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
$70,493
Tax year 2023
Assessed value
$4,752,000
Assessed 2023
Previous assessed
$4,752,000
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$770,925
Assessed improvement
$3,981,075
Land market value
$770,925
Improvement market value
$3,981,075
Total market value
$4,752,000
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
2004
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
26,383 SF
Lot
0.62 ac (27,050 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
10-7907-013-0120
UPID
US18-4724936
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · Homestead, FL
Zoning 6300:COMMERCIAL,RESTRICT · permitted uses
6300:COMMERCIAL,RESTRICT · 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
$5.6M
RETAIL STORES
Est. value
$5.6M
WAREHOUSE, STORAGE Current
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
2004
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.62 ac
Current owner
From public records · entity-resolved
1496 Old Dixie Highway LLC
Entity
Mailing address
19191 S VERMONT AVE STE #680, TORRANCE, CA 90502-1140
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jan 12, 2022
$3,375,000
1496 Old Dixie Highway LLC
Homestead Self Storage LLC
Special Warranty Deed
$600,000,000 · Goldman Sachs Bank USA
Jan 12, 2022
$5,000
1496 Old Dixie Highway LLC
Homestead Self Storage LLC
Special Warranty Deed
—
Jan 12, 2022
—
1496 Old Dixie Highway LLC
Steve L Case
Quit Claim Deed
related
—
Feb 1, 2001
$200,000
Homestead Trust
Sands Trust
Grant Deed
—
—
—
Homestead Self Storage LLC
—
Deed Of Trust
related
$216,700 · Bayview Financial Services
—
—
Homestead Self Storage LLC
—
Deed Of Trust
related
$250,000 · Richard B Rocker Realto 401(k)
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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