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Property profile & analytics
OFF-MARKET
Estimated value
$5,040,000
Warehouses
1690 8th St Homestead, FL 33033-4604
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2931430
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
CONCRETE
Total area
25,363 SF
Lot
5 ac (217,800 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
10-7917-001-0170
UPID
US18-2931430
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
-
Leal Medical Center Medical Clinic
-
Las americas medical center Physician
-
Dr. Gonzalo Gonzalez Physician
-
Dr. Francisco Quintana Pediatrician Physician
-
Isabel Maria Acosta Valdes Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.12M
Comparable Approach
Comparable
$5.39M
Blend (final)
Blend
$5.04M
Owner & transaction history
1590 Homestead LLC · 6 yrs held
1590 Homestead LLC
since 2019
6 recorded transactions
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.8M
+43.5%
Neighborhood: shopping center
$7.3M
+34.2%
Retail stores
$6.4M
+18.5%
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%
$5,540,000
6.5%
$5,115,000
7%
$4,750,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,425,000
Current use
OFFICE BUILDING
$7,785,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,280,000
Change: +34% · Conversion: Moderate
RETAIL STORES
$6,430,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$5.04M
Range $4.54M – $5.54M · ±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
$199 / 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
$228,661
Tax year 2023
Assessed value
$17,105,000
Assessed 2023
Previous assessed
$12,525,000
+36.6% YoY
Effective rate
1.34%
On assessed value
Assessed land
$1,960,200
Assessed improvement
$15,144,800
Land market value
$1,960,200
Improvement market value
$15,144,800
Total market value
$17,105,000
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
2002
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
2
Total area
25,363 SF
Lot
5 ac (217,800 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
10-7917-001-0170
UPID
US18-2931430
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
WAREHOUSE, STORAGE Current
Est. value
$5.4M
OFFICE BUILDING
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.3M
RETAIL STORES
Est. value
$6.4M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
4
Lot
5 ac
Current owner
From public records · entity-resolved
1590 Homestead LLC
Entity
Mailing address
3900 NW 2ND AVE, MIAMI, FL 33127-2901
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Aug 30, 2019
—
1590 Homestead LLC
—
Grant Deed
related
$2,000,000 · Valley Nat'l Bk
Apr 19, 2017
—
1590 Homestead LLC
—
Grant Deed
related
$3,000,000 · Valley Nat'l Bk
Jan 10, 2002
—
1590 Homestead
—
Deed Of Trust
related
$1,622,000 · International Bank Of Miami
—
—
1590 Homestead LLC
—
Loan Modification
related
$3,321,967 · Valley Nat'l Bk
—
—
1590 Homestead LLC
—
Loan Modification
related
$1,491,423 · Valley Nat'l Bk
—
—
1590 Homestead LLC
—
Deed Of Trust
related
$3,100,000 · Valley Nat'l Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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