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    Property profile & analytics

    16595 264Th St Homestead, FL 33031

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3874354
    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

    • Rock & Rose Growers LLC / Garden Center / Landscaping

    Property Details for 16595 264Th St

    Property type
    Commercial real estate

    Description

    This exceptional 5-acre corner lot in Homestead, Florida, presents a unique investment opportunity. Located in the heart of the Redlands, this fully operational nursery boasts excellent visibility and convenient access. The property includes a fully operational irrigation system powered by two diesel pumps, a one-acre shade house, and three pole barns, providing ample space for cultivation and storage. The property is completely fenced with an electric gate, ensuring security and privacy. Ideal for farming and nursery operations, this property also offers significant residential amenities. A fourplex provides comfortable worker's quarters, while a climate-controlled shed offers additional storage. Three loading docks facilitate efficient operations, and a private office with a half-bathroom provides convenient workspace. A charming four-bedroom, two-bathroom farmhouse offers comfortable living, complete with a paved backyard patio, a cozy fire pit, and a fenced area perfect for pets. The property also features a variety of mature fruit trees. Partial inventory is included in the sale, although this is subject to change. The asking price for this turnkey operation is $1,995,000. This property is zoned for agricultural use and is located at 16595 SW 264th St, Homestead, FL 33031, in Miami-Dade County.

    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
    -80.4602675
    Latitude
    25.5217812

    Comparable in this City

    • $649,900

      Homestead Equestrian Estate

      Buildable Lot, Horse Stalls, Ready to Build
      27743 172Nd Pl, Homestead, FL 33031
      View Details
    • $4,800,000
      653,400 SF

      Homestead Nursery & Real Estate

      Profitable Nursery, 653,400 sq ft
      19500 240Th St, Homestead, FL 33031
      View Details
    • $1,550,000
      5.00 Acres

      Redland Plant Nursery Investment Opportunity

      Established plant nursery on 5 acres in Redland, Florida.
      20750 SW 256Th St, Homestead, FL 33031
      View Details
    • $4,800,000
      Pending

      Established Nursery Business Opportunity

      Thriving Homestead nursery with 30-year reputation and loyal staff.
      19500 SW 240Th St, Homestead, FL 33031
      View Details
    • $535,000
      Pending

      Homestead Land with Nursery Potential

      1.25 acre Homestead land with existing infrastructure and nursery operation.
      20995 SW 240Th St, Homestead, FL 33031
      View Details
    • $4,800,000
      Pending

      Homestead Land with Established Nursery

      Established nursery with loyal staff and repeat customers in Homestead.
      19500 SW 240Th St, Homestead, FL 33031
      View Details

    Similar Nearby for Sale

    • $649,900

      Homestead Equestrian Estate

      Buildable Lot, Horse Stalls, Ready to Build
      27743 172Nd Pl, Homestead, FL 33031
      View Details
    • $4,800,000
      653,400 SF

      Homestead Nursery & Real Estate

      Profitable Nursery, 653,400 sq ft
      19500 240Th St, Homestead, FL 33031
      View Details
    • $1,550,000
      5.00 Acres

      Redland Plant Nursery Investment Opportunity

      Established plant nursery on 5 acres in Redland, Florida.
      20750 SW 256Th St, Homestead, FL 33031
      View Details
    • $4,800,000
      Pending

      Established Nursery Business Opportunity

      Thriving Homestead nursery with 30-year reputation and loyal staff.
      19500 SW 240Th St, Homestead, FL 33031
      View Details
    • $535,000
      Pending

      Homestead Land with Nursery Potential

      1.25 acre Homestead land with existing infrastructure and nursery operation.
      20995 SW 240Th St, Homestead, FL 33031
      View Details
    • $4,800,000
      Pending

      Homestead Land with Established Nursery

      Established nursery with loyal staff and repeat customers in Homestead.
      19500 SW 240Th St, Homestead, FL 33031
      View Details
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    16595 264Th St
    Homestead, FL 33031
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    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
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