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Property profile & analytics
OFF-MARKET
Commercial real estate

15960 296Th St Homestead, FL 33033

11.13 ac lot
Property ID
US18-1661941
Property summary
AI-generated overview

This ±11.13-acre site in Homestead, Florida, presents a prime multifamily development opportunity in Southwest Miami-Dade County. Approved plans exist for a 321-unit garden-style project with an approximately 8,000 square foot commercial building. An alternate plan, requiring approval, allows for 398 units and a roughly 4,000 square foot commercial building. By-right zoning permits the development of 398 units. Located at 15960 SW 296th St, Homestead, FL 33033, this property benefits from a strong rental market, excellent accessibility, and proximity to retail, services, educational, and recreational amenities. The site offers a compelling blend of development certainty with the potential for increased density in a desirable submarket experiencing population growth and rising rental rates. This presents a unique chance to capitalize on favorable economic indicators and high market demand within a thriving South Dade community. The garden-style design, combined with the scale of the project, ensures a significant return on investment.

Property profile
Verified
Property type Commercial real estate
Lot 11.13 ac (484,823 SF)
UPID US18-1661941
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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