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Property profile & analytics
FOR SALE
Warehouses
150 SW 14Th Ave Homestead, FL 33030
Trust Owned
8-yr Hold
Free & Clear
Property ID
US18-9626410
For Sale
1 / 25
$8,900,000
150 SW 14Th Ave, Homestead, FL 33030
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Construction
CONCRETE
Total area
15,738 SF
Lot
4.74 ac (206,474 SF)
Zoning code
9200:GENERAL USE
APN
10-7814-000-1032
UPID
US18-9626410
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
$2.80M
Blend (final)
Blend
$2.08M
Owner & transaction history
Griffitts,robert S Living Trust · 8 yrs held
Griffitts,robert S Living Trust
since 2018
6 recorded transactions
Zoning & alternative use
9200:GENERAL USE · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,365,000
Current use
RETAIL STORES
$3,340,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$2.08M
Range $1.87M – $2.29M · ±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
$132 / 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
$24,955
Tax year 2023
Assessed value
$1,425,071
Assessed 2023
Previous assessed
$1,079,185
+32.1% YoY
Effective rate
1.75%
On assessed value
Assessed land
$829,500
Assessed improvement
$595,571
Land market value
$829,500
Improvement market value
$595,571
Total market value
$1,425,071
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
For Sale
Year built
1969
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
15,738 SF
Lot
4.74 ac (206,474 SF)
Zoning code
9200:GENERAL USE
APN
10-7814-000-1032
UPID
US18-9626410
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
9200:GENERAL USE · Homestead, FL
Zoning 9200:GENERAL USE · permitted uses
9200:GENERAL USE · 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
$3.4M
RETAIL STORES
Est. value
$3.3M
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
1969
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
4.74 ac
Current owner
From public records · entity-resolved
Griffitts,robert S Living Trust
Trust
Free & Clear · 8 yrs held
Mailing address
PO BOX 901120, HOMESTEAD, FL 33090-1120
Ownership since
2018
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
Jun 22, 2018
—
Griffitts,robert S Living Trust
Griffitts,robert S
Quit Claim Deed
related
—
Apr 7, 2011
$317,000
Robert S Griffitts
Griffitts,william R
Quit Claim Deed
related
—
—
—
Lois E Shears
—
Deed Of Trust
related
$585,000 · First National Bank Homestead
—
—
Lois E Shears
—
Deed Of Trust
related
$200,000 · First National Bank Homestead
—
—
Transfer Homestead
—
Deed Of Trust
related
$82,184 · New First National Bank
—
—
Transfer Homestead
—
Deed Of Trust
related
$716,254 · New First National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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