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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Manufacturing properties
18375 260th St Homestead, FL 33031-1878
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3021909
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1970
Construction
LIGHT FRAME
Total area
3,344 SF
Lot
3.04 ac (132,422 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
30-6825-000-0311
UPID
US18-3021909
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
-
Diamond R Fertilizer Big Box & Wholesale Store Agricultural Supply
-
Atlantic FEC Fertilizer Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$916k
Blend (final)
Blend
$710k
Owner & transaction history
Diamond R Fertilizer Co INC · 20 yrs held
Diamond R Fertilizer Co INC
since 2006
5 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$1.1M
+62.0%
Office building
$1.0M
+48.7%
Neighborhood: shopping center
$960,000
+39.1%
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
$655,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$690,000
Current use
COMMERCIAL (GENERAL)
$1,120,000
Change: +62% · Conversion: Difficult
OFFICE BUILDING
$1,025,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$960,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$850,000
Change: +23% · Conversion: Moderate
WAREHOUSE, STORAGE
$715,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$212 / 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
$27,623
Tax year 2023
Assessed value
$1,619,732
Assessed 2023
Previous assessed
$1,664,705
-2.7% YoY
Effective rate
1.71%
On assessed value
Assessed land
$595,899
Assessed improvement
$1,023,833
Land market value
$595,899
Improvement market value
$1,023,833
Total market value
$1,619,732
Applied tax rate
3,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1970
Construction
LIGHT FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
3,344 SF
Lot
3.04 ac (132,422 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
30-6825-000-0311
UPID
US18-3021909
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Homestead, FLZoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · Homestead, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$690,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$960,000
RETAIL STORES
Est. value
$850,000
WAREHOUSE, STORAGE
Est. value
$715,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1970
Construction
LIGHT FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
3.04 ac
Current owner
From public records · entity-resolved
Diamond R Fertilizer Co INC
Entity
Free & Clear · 20 yrs held
Mailing address
4100 GLADES CUT OFF RD, FORT PIERCE, FL 34981-4711
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2008
—
Diamond R Fertilizer Co INC
—
Deed Of Trust
related
$65,000,000 · South Florida Fed'l Land Bank
Jun 27, 2006
—
Diamond R Fertilizer Co INC
—
Deed Of Trust
related
$6,000,000 · South Florida Fed'l Land Bank
Jun 17, 2006
$2,000,000
Diamond R Fertilizer Co INC
Wiseman Robert F
Warranty Deed
—
Jun 17, 2006
—
Diamond R Fertilizer Co INC
Robert F Wiseman & Assoc INC
Quit Claim Deed
related
—
—
—
Diamond R Fertilizer Co INC
—
Deed Of Trust
related
—
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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