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Property profile & analytics
OFF-MARKET
Estimated value
$11,055,000
Grocery and convenience stores
1499 Homestead Blvd Homestead, FL 33030-5040
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US18-2931422
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2013
Construction
CONCRETE
Total area
45,893 SF
Lot
5.46 ac (237,987 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
10-7908-000-0420
UPID
US18-2931422
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
-
Amerigas Propane Exchange Propane Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.94M
Comparable Approach
Comparable
$14.42M
Blend (final)
Blend
$11.06M
Owner & transaction history
Jeanne A Blake · 13 yrs held
Jeanne A Blake
since 2012
4 recorded transactions
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.3M
+57.5%
Office building
$14.3M
+46.6%
Neighborhood: shopping center
$13.2M
+35.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$12,935,000
6.5%
$11,940,000
7%
$11,085,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,745,000
Current use
COMMERCIAL (GENERAL)
$15,345,000
Change: +58% · Conversion: Easy
OFFICE BUILDING
$14,280,000
Change: +47% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$13,175,000
Change: +35% · Conversion: Moderate
WAREHOUSE, STORAGE
$9,820,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$11.06M
Range $9.95M – $12.16M · ±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
$241 / 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
$188,667
Tax year 2023
Assessed value
$9,695,000
Assessed 2023
Previous assessed
$8,300,000
+16.8% YoY
Effective rate
1.95%
On assessed value
Assessed land
$2,379,870
Assessed improvement
$7,315,130
Land market value
$2,379,870
Improvement market value
$7,315,130
Total market value
$9,695,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2013
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
45,893 SF
Lot
5.46 ac (237,987 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
10-7908-000-0420
UPID
US18-2931422
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
RETAIL STORES Current
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$15.3M
OFFICE BUILDING
Est. value
$14.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.2M
WAREHOUSE, STORAGE
Est. value
$9.8M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2013
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
5.46 ac
Current owner
From public records · entity-resolved
Jeanne A Blake
Individual
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2012
$1,472,250
Jeanne A Blake
Bemi International INC
Quit Claim Deed
related
—
Aug 29, 2012
$2,772,500
Wal-mart Stores East LP
Blake,crawford L JR
Grant Deed
—
Apr 10, 2008
$2,000,000
Bemi International INC
Blake,jeanne A
Grant Deed
related
$1,963,000 · Jeanne A Blake
Feb 18, 2000
$2,460,000
Crawford L Blake
Leiphart,e H & Leslie J
Grant Deed
$2,575,000 · Community Bank Of Florida
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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