23450 119Th Ave Homestead, FL 33032
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.