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    1850 8th St Homestead, FL 33033-4711
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    Property profile & analytics

    1850 8th St, Homestead, FL 33033-4711

    View on Map
    • Outlet malls
    • 177,485 SF
    • 14.71 lot acres
    Off-Market
    Property ID
    US18-5544936
    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.
    Value Estimations
    $20,200,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Blue Rhino Propane Exchange / Propane Supplier
    • Lowe's ProServices / Building Supply / Industrial Manufacturer
    • Lowe's Home Improvement / Building Supply / Hardware & Home Improvement

    Property Details for 1850 8th St

    Year built
    2007
    Construction
    CONCRETE
    Lot size
    14.71 lot acres
    Zone code
    6300:COMMERCIAL,RESTRICT
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    10-7917-025-0010
    APU
    1079170250010

    Description

    This exceptional 0.38-acre commercial land parcel presents a unique investment opportunity in the thriving Homestead, Florida market. Situated on NE 8th Street in Miami-Dade County, the property boasts high visibility due to its location on Campbell Drive, a primary east-west thoroughfare. This strategic positioning ensures significant exposure to a substantial daily traffic volume. The site is ideally surrounded by established residential communities, providing a ready-made customer base for any commercial venture. Furthermore, the property benefits from its proximity to key traffic generators, including a Lowe's home improvement store, the Homestead Pavilion shopping center, and numerous other national retailers. This ensures consistent foot traffic and strong consumer presence in the immediate vicinity. Ample parking is available, adding to the convenience and appeal of the site. The property's zoning and permitted uses should be independently verified. This is an exceptional opportunity for developers and investors seeking a high-visibility location in a rapidly growing area. The 33033 zip code offers excellent access to major transportation routes, further enhancing the property's strategic value. This parcel is offered for sale and presents a compelling investment prospect for those seeking a prime commercial location in Homestead, Florida.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.4511
    Latitude
    25.476
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $280,084
    $5,767,731
    $13,668,269
    $19,436,000
    -
    $5,767,731
    $13,668,269
    $19,436,000

    Comparable in this City

    • Value Estimation
      $1,050,000
      7,635 SF

      1435 8th St

      WHOLESALE OUTLET, DISCOUNT STORE
      1435 8th St, Homestead, FL 33033-4506
      View Details
    • Value Estimation
      $2,580,000
      15,692 SF

      1400 8th St

      WHOLESALE OUTLET, DISCOUNT STORE
      1400 8th St, Homestead, FL 33033-4505
      View Details
    • Value Estimation
      $1,015,000
      8,256 SF

      30365 Dixie Hwy

      WHOLESALE OUTLET, DISCOUNT STORE
      30365 Dixie Hwy, Homestead, FL 33033-3209
      View Details
    • Value Estimation
      $3,215,000
      12,412 SF

      29349 152nd Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      29349 152nd Ave, Homestead, FL 33033-2848
      View Details
    • Value Estimation
      $2,835,000
      22,310 SF

      1801 8th St

      WHOLESALE OUTLET, DISCOUNT STORE
      1801 8th St, Homestead, FL 33033-4705
      View Details
    • Value Estimation
      $17,615,000
      51,575 SF

      3338 7th St

      WHOLESALE OUTLET, DISCOUNT STORE
      3338 7th St, Homestead, FL 33033-6066
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Campbell Drive

      Retail space with high visibility and ample parking available for rent.
      1850 Campbell Dr, Homestead, FL 33033
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      8,400 SF

      Retail Space Near Supermarket Entrance

      8,400 SF retail space in busy shopping plaza.
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      Homestead Retail Space - 3 Acres

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      Large Retail Space For Lease

      21,360 SF retail space in fast-growing commercial corridor.
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      Retail Space Available For Rent

      Retail spaces available, ranging from 802 to 1,680 square feet.
      1982-2078 Campbell Dr, Homestead, FL 33033
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    • Contact for pricing
      7,514 SF

      Homestead Retail/Office Space Available

      Customizable retail/office spaces in Homestead, FL, for lease.
      600-650 Ne 22Nd Ter, Homestead, FL 33033
      View Details
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    Homestead, FL 33033-4711
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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.

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