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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Office buildings
200 2nd Dr, Homestead, FL 33030-6119
Individually Owned
7-yr Hold
Free & Clear
Property ID
US18-1472883
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1991
Construction
CONCRETE
Total area
8,270 SF
Lot
0.91 ac (39,750 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
10-7918-008-1111
UPID
US18-1472883
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
-
Shelley Stephen R Law Firm
-
Worldwide Supply Solutions Inc Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$1.97M
Owner & transaction history
Association For Dev Of The Exc · 7 yrs held
Association For Dev Of The Exc
since 2018
7 recorded transactions
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+7.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,575,000
Current use
COMMERCIAL (GENERAL)
$2,765,000
Change: +7% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,375,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±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
$238 / 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
Assessed value
$1,506,863
Assessed 2023
Previous assessed
$1,519,688
-0.8% YoY
Assessed land
$596,250
Assessed improvement
$910,613
Land market value
$596,250
Improvement market value
$910,613
Total market value
$1,506,863
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
8,270 SF
Lot
0.91 ac (39,750 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
10-7918-008-1111
UPID
US18-1472883
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · Homestead, FL
Zoning 6300:COMMERCIAL,RESTRICT · permitted uses
6300:COMMERCIAL,RESTRICT · 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
OFFICE BUILDING Current
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1991
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.91 ac
Current owner
From public records · entity-resolved
Association For Dev Of The Exc
Individual
Free & Clear · 7 yrs held
Mailing address
25 E 4TH ST, HIALEAH, FL 33010-4837
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2018
$1,225,000
Association For Dev Of The Exc
H S Gateway Holdings INC
Warranty Deed
—
Sep 5, 2017
—
Hs Gateway Holdings INC
—
Deed
related
$95,000 · Bridge Inv Group 2 LLC
Jun 15, 2017
—
Hs Gateway Holdings INC
—
Deed
related
—
Feb 16, 2017
—
Hs Gateway Holdings INC
—
Trustees Deed
related
$45,000 · Bridge Inv Group 2 LLC
Nov 15, 2004
—
Hs Gateway Holdings INC
—
Trustees Deed
related
$85,000 · Community Bank Of Florida
Oct 18, 1999
$393,000
H S Gateway Holdings INC
Houston,robert B
Quit Claim Deed
related
$500,000 · Community Bank Of Florida
—
—
Hs Gateway Holdings INC
—
Deed Of Trust
related
$164,033 · Community Bank Of Florida
—
—
H S Gateway Holdings INC
—
Deed Of Trust
related
$265,000 · Community Bank Of Florida
—
—
Hs Gateway Holdings INC
—
Deed Of Trust
related
$200,000 · Community Bank Of Florida
—
—
Hs Gateway Holdings INC
—
Deed Of Trust
related
$100,000 · Community Bank Of Florida
—
—
Hs Gateway Holdings INC
—
Loan Modification
related
—
—
—
Hs Gateway Holdings INC
—
Loan Modification
related
$95,000 · Bridge Inv Group 2 LLC
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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