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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Turn key restaurants
2220 8th St Homestead, FL 33033-5349
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4003908
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2006
Construction
CONCRETE
Total area
6,404 SF
Lot
1.22 ac (53,173 SF)
Zoning code
PLANNED UNIT DEVELOPMENT
APN
10-7917-002-0010
UPID
US18-4003908
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
-
It's Just Wings Restaurant
-
Chili's Grill & Bar Restaurant
-
L&DFixing Glass Doors Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$888k
Blend (final)
Blend
$645k
Owner & transaction history
Flagship Cinemas INC · 22 yrs held
Flagship Cinemas INC
since 2004
7 recorded transactions
Zoning & alternative use
PLANNED UNIT DEVELOPMENT · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$101 / 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
$42,564
Tax year 2023
Assessed value
$2,022,251
Assessed 2023
Previous assessed
$1,820,091
+11.1% YoY
Effective rate
2.10%
On assessed value
Assessed land
$1,116,633
Assessed improvement
$905,618
Land market value
$1,116,633
Improvement market value
$905,618
Total market value
$2,022,251
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2006
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
6,404 SF
Lot
1.22 ac (53,173 SF)
Zoning code
PLANNED UNIT DEVELOPMENT
APN
10-7917-002-0010
UPID
US18-4003908
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
PLANNED UNIT DEVELOPMENT · Homestead, FL
Zoning PLANNED UNIT DEVELOPMENT · permitted uses
PLANNED UNIT DEVELOPMENT · 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.
Building & site characteristics
From public records
Year built
2006
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Flagship Cinemas INC
Entity
Mailing address
4651 SHERIDAN ST STE #480, HOLLYWOOD, FL 33021-3430
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2022
—
Prime Homes At Villa Portofino West
—
Deed
related
$2,400,000 · Us Century Bank
Jul 12, 2004
$700,000
Flagship Cinemas INC
Landstar Development LLC
Grant Deed
—
Jul 12, 2004
$941,800
Prime Homes At Villa Portofino
Landstar Development LLC
Grant Deed
—
Jun 23, 2004
—
Homestead City (fl)
Landstar Development LLC
Grant Deed
related
—
Jun 26, 2003
$3,906,400
Ira I Est Miller
—
Grant Deed
related
—
—
—
Prime Hms Of Villa Portofino West
—
Deed Of Trust
related
$1,400,000 · Regions Bank
—
—
Prime Hms Of Villa Portofino West
—
Deed Of Trust
related
$1,500,000 · Td Bk NA
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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