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Property profile & analytics
OFF-MARKET
Commercial real estate

23450 119Th Ave Homestead, FL 33032

Entity Owned 1-yr Hold
Property ID
US19-0716152
Property summary
AI-generated overview

This exceptional 48,787 square foot parcel of land presents a compelling investment opportunity in the rapidly expanding South Miami-Dade area. Currently zoned for agricultural use, this property boasts significant development potential, situated in a thriving region experiencing substantial growth fueled by major players like Lennar and Horton. The lot is conveniently equipped with existing infrastructure including power, an irrigation system, a well, and a pump system, streamlining the development process. Its strategic location near a new Lennar development and just six blocks from US1 ensures excellent accessibility and visibility. Proximity to a supermarket adds to its appeal. Furthermore, the property's location offers easy access to the Florida Keys, only a 30-minute drive away. This makes it an ideal location for builders and investors seeking to capitalize on the area's burgeoning growth. Note that an adjacent lot (A11585148) totaling 50,311 square feet is also available for purchase, presenting the possibility of acquiring a combined 2.31 acres for a larger-scale development project. The asking price for this remarkable property is $675,000.

Property profile
Verified
Property type Commercial real estate
UPID US19-0716152
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Hgarcia Property Investment INC · 1 yrs held
Hgarcia Property Investment INC
since 2025
2 recorded transactions
2025
Price N/A
2020
$300,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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