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Property profile & analytics
OFF-MARKET
Estimated value
$33,785,000
Warehouses
1977 8th St Homestead, FL 33033-4703
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7108907
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Construction
HEAVY FRAME
Total area
167,144 SF
Lot
3.99 ac (174,015 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
10-7908-050-0010
UPID
US18-7108907
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.71M
Comparable Approach
Comparable
$42.65M
Blend (final)
Blend
$33.79M
Owner & transaction history
Stor-all Ne 8th Street LLC · 7 yrs held
Stor-all Ne 8th Street LLC
since 2018
4 recorded transactions
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$55.9M
+56.3%
Office building
$51.3M
+43.5%
Neighborhood: shopping center
$48.0M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
$36,520,000
6.5%
$33,710,000
7%
$31,300,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$35,760,000
Current use
COMMERCIAL (GENERAL)
$55,890,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$51,305,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$47,975,000
Change: +34% · Conversion: Moderate
RETAIL STORES
$42,365,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$33.79M
Range $30.41M – $37.16M · ±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
$202 / 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
$427,038
Tax year 2023
Assessed value
$28,996,000
Assessed 2023
Previous assessed
$22,387,000
+29.5% YoY
Effective rate
1.47%
On assessed value
Assessed land
$4,176,360
Assessed improvement
$24,819,640
Land market value
$4,176,360
Improvement market value
$24,819,640
Total market value
$28,996,000
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
2020
Construction
HEAVY FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
3
Total area
167,144 SF
Lot
3.99 ac (174,015 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
10-7908-050-0010
UPID
US18-7108907
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Homestead, FLZoning 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
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$35.8M
COMMERCIAL (GENERAL)
Est. value
$55.9M
OFFICE BUILDING
Est. value
$51.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$48.0M
RETAIL STORES
Est. value
$42.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
2020
Construction
HEAVY FRAME
Heating
NONE
Cooling
Yes
Stories
3
Buildings
2
Lot
3.99 ac
Current owner
From public records · entity-resolved
Stor-all Ne 8th Street LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1375 W HILLSBORO BLVD, DEERFIELD BEACH, FL 33442-1719
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2018
$1,620,000
Stor-all Ne 8th Street LLC
Valgard Of Stirling LLC
Warranty Deed
—
May 4, 2011
—
Valgard Of Stirling LLC
Valgard Of Campbell LLC
Quit Claim Deed
related
—
Jan 24, 2005
$900,000
Campbell Storage LLC
William H Losner
Grant Deed
$585,000 · City Nat'l Bk/fl
Jul 23, 2004
—
Dickinson,lillian H Trust
William F Dickinson
Quit Claim Deed
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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