Entity Owned Property summary
AI-generated overview
This exceptional turnkey medical spa business is available for purchase at $80,000. Located at 1982 NE 8th St, Homestead, FL 33033, in Miami-Dade County, this established business enjoys a prime location near the Turnpike. The property, built in 1982, is a storefront classified as retail and office space, also suitable for salon/barbershop use. The 1982 square foot space boasts three treatment rooms, creating a relaxing and professional atmosphere for clients. The current business offers a wide range of services including esthetician treatments, IV infusions, body treatments, cavitation, LED light therapy, permanent makeup, Botox, and body waxing. This presents a lucrative opportunity within the thriving aesthetics industry. The current monthly operating costs are low, with rent at $3,695, utilities at $228, and tenant insurance at $170. This established business is ready for a new owner to continue its success. The property's convenient location and diverse service offerings make it an attractive investment. This is a rare opportunity to acquire a profitable, established business in a high-growth area.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1982
Construction
CONCRETE
Total area
21,927 SF
Lot
3.74 ac (162,914 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
10-7917-001-0010
UPID
US19-0810420
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Business Service Center Corporate Office
-
Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.82M
Owner & transaction history
since 2011
6 recorded transactions
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · Homestead, FL
Top alternative use upside
Neighborhood: shopping center
$6.3M
+13.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.82M
Value range
$3.44M – $4.20M
±10% around blend
Estimated value / SF
$174 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
50
$3.44M
blend $3.82M
$4.20M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
21,927 SF
Lot area
3.74 ac
Year built
1982
Stories
1
APN
10-7917-001-0010
Zoning
6300:COMMERCIAL,RESTRICT
Assessed value
$8,310,000
Annual tax
$128,624
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$4.75M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.8 mi away · 19,531 SF
2.5 mi away · 18,293 SF
7.8 mi away · 24,772 SF
19.6 mi away · 17,471 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.82M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 48 sales
$253
-31%
County 1136 sales
$507
-66%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $174/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+13%
vs current-use indication
Retail Stores · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$8.31M
Move the market yield to see immediate price impact.
Value / SF
$379
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$524k
$10.47M
$7.48M
$5.82M
$582k
$11.63M
$8.31M
$6.46M
$640k
$12.80M
$9.14M
$7.11M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$5.95M
1.0 mi · Mar 2026 · $373/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$128,624
Tax year 2023
Assessed value
$8,310,000
Assessed 2023
Previous assessed
$6,000,000
+38.5% YoY
Effective rate
1.55%
On assessed value
Assessed land
$2,769,538
Assessed improvement
$5,540,462
Land market value
$2,769,538
Improvement market value
$5,540,462
Total market value
$8,310,000
Applied tax rate
1,000.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
21,927 SF
Lot
3.74 ac (162,914 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
10-7917-001-0010
UPID
US19-0810420
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · Homestead, FLZoning 6300:COMMERCIAL,RESTRICT · permitted uses
6300:COMMERCIAL,RESTRICT · Homestead, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
3.74 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6300:COMMERCIAL,RESTRICT
Jurisdiction
Homestead, FL
Recorded code
6300:COMMERCIAL,RESTRICT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6300:COMMERCIAL,RESTRICT in Homestead, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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