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Property profile & analytics
OFF-MARKET
Estimated value
$27,615,000
Schools
2251 Mowry Dr Homestead, FL 33033-4913
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-7332408
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
2012
Construction
CONCRETE
Total area
53,415 SF
Lot
10.62 ac (462,433 SF)
Zoning code
0100:SINGLE FAM,GENERAL
APN
10-7917-026-0010
UPID
US18-7332408
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
-
Everglades Preparatory Academy High School
-
PELOTA LUCAS (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.22M
Blend (final)
Blend
$27.62M
Owner & transaction history
Educational Growth Fund LLC · 5 yrs held
Educational Growth Fund LLC
since 2021
Last sale
$27.7M
2 recorded transactions
Zoning & alternative use
0100:SINGLE FAM,GENERAL · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$39.9M
+101.8%
Auto repair, garage
$33.7M
+70.5%
Medical building
$23.5M
+18.7%
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
$31,895,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$19,765,000
Current use
RESTAURANT
$39,890,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$33,695,000
Change: +70% · Conversion: Difficult
MEDICAL BUILDING
$23,460,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$17,860,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$27.62M
Range $24.85M – $30.38M · ±10% · vs last sale $27.68M (May 4 2021)
Last sale anchor
$27.68M
May 4 2021
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
$517 / 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
$10,968,873
Assessed 2023
Previous assessed
$10,805,100
+1.5% YoY
Assessed land
$1,592,400
Assessed improvement
$9,376,473
Land market value
$1,592,400
Improvement market value
$9,376,473
Total market value
$10,968,873
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
2012
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Total area
53,415 SF
Lot
10.62 ac (462,433 SF)
Zoning code
0100:SINGLE FAM,GENERAL
APN
10-7917-026-0010
UPID
US18-7332408
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
0100:SINGLE FAM,GENERAL · Homestead, FL
Zoning 0100:SINGLE FAM,GENERAL · permitted uses
0100:SINGLE FAM,GENERAL · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$19.8M
RESTAURANT
Est. value
$39.9M
AUTO REPAIR, GARAGE
Est. value
$33.7M
MEDICAL BUILDING
Est. value
$23.5M
COMMERCIAL (GENERAL)
Est. value
$17.9M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2012
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Buildings
2
Lot
10.62 ac
Current owner
From public records · entity-resolved
Educational Growth Fund LLC
Entity
Mailing address
1225 SE 2ND AVE, FORT LAUDERDALE, FL 33316-1807
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2021
$27,676,000
Educational Growth Fund LLC
Mg3 Everglades LLC
Special Warranty Deed
$500,000 · Wilmington Trust NA
—
—
Alliance Homestead LLC
—
Deed Of Trust
related
$10,800,000 · Branch Bk&tr
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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