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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Warehouses
19355 304th St Homestead, FL 33030-3616
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5377551
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Total area
2,769 SF
Lot
14.47 ac (630,313 SF)
Zoning code
9000:AGRICULTURE
APN
10-7811-000-0070
UPID
US18-5377551
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
-
Green Leaf Nursery Inc Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$499k
Blend (final)
Blend
$510k
Owner & transaction history
M Aspen Homestead LLC · 3 yrs held
M Aspen Homestead LLC
since 2022
7 recorded transactions
Zoning & alternative use
9000:AGRICULTURE · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$795,000
+34.2%
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
$470,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$590,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Change: +34% · Conversion: Moderate
RETAIL STORES
$590,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$184 / 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
$48,860
Tax year 2023
Assessed value
$2,305,587
Assessed 2023
Previous assessed
$186,483
+1,136.4% YoY
Effective rate
2.12%
On assessed value
Assessed land
$2,170,500
Assessed improvement
$135,087
Land market value
$2,170,500
Improvement market value
$135,087
Total market value
$2,305,587
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
1973
Heating
NONE
Stories
1
Total area
2,769 SF
Lot
14.47 ac (630,313 SF)
Zoning code
9000:AGRICULTURE
APN
10-7811-000-0070
UPID
US18-5377551
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
9000:AGRICULTURE · Homestead, FL
Zoning 9000:AGRICULTURE · permitted uses
9000:AGRICULTURE · 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
$590,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$795,000
RETAIL STORES
Est. value
$590,000
WAREHOUSE, STORAGE Current
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
1973
Heating
NONE
Stories
1
Lot
14.47 ac
Current owner
From public records · entity-resolved
M Aspen Homestead LLC
Entity
Mailing address
175 SW 7TH ST STE #2101, MIAMI, FL 33130-2962
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2022
—
M Aspen Homestead LLC
Green Leaf Nursery INC
Warranty Deed
—
Nov 3, 2022
$5,360,000
M Aspen Homestead LLC
George A Pena JR
Warranty Deed
—
Sep 20, 2018
—
Pena,thomas W Living Trust
Pena,thomas W & Coy H
Quit Claim Deed
related
—
May 31, 2017
—
George A Pena JR
George A Pena JR
Intrafamily Transfer
related
—
Apr 21, 2017
—
George A Pena JR
Pena,george A
Quit Claim Deed
related
—
Dec 1, 2011
—
Green Leaf Nursery INC
—
Deed Of Trust
related
$1,327,428 · Alger Richard T Trust (pt)
May 6, 2009
—
Green Leaf Nursery INC
—
Grant Deed
related
$1,325,000 · First National Bank South Fl
Jan 8, 2007
—
George A Pena JR.
Alger Jolayne P Trust
Quit Claim Deed
related
—
—
—
Green Leaf Nursery INC
—
Deed Of Trust
related
$1,325,000 · First National Bank South Fl
—
—
Green Leaf Nursery INC
—
Deed Of Trust
related
$1,400,000 · Alger Richard T Trust (pt)
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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