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Property profile & analytics
OFF-MARKET
Estimated value
$3,080,000
Warehouses
23701 132nd Ave Homestead, FL 33032-2406
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6178618
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2011
Total area
29,321 SF
Lot
3.36 ac (146,465 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
30-6923-008-0010
UPID
US18-6178618
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
-
Carrillo Group corp General Contractor Construction Company
-
Princeton Auto & Truck Repair Auto Repair Shop
-
Gorilla power solutions Electrical Service
-
SolarLeadSpot Advertising Agency Marketing & Advertising
-
HD Smart Glass USA LLC Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.80M
Blend (final)
Blend
$3.08M
Owner & transaction history
South Dade Industrial Center LLC · 11 yrs held
South Dade Industrial Center LLC
since 2015
5 recorded transactions
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Homestead, FL
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
Blend value · Realmo final
$3.08M
Range $2.77M – $3.39M · ±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
$105 / 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
$47,253
Tax year 2023
Assessed value
$3,506,805
Assessed 2023
Previous assessed
$2,203,315
+59.2% YoY
Effective rate
1.35%
On assessed value
Assessed land
$2,196,975
Assessed improvement
$1,309,830
Land market value
$2,196,975
Improvement market value
$1,309,830
Total market value
$3,506,805
Applied tax rate
3,000.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2011
Heating
NONE
Total area
29,321 SF
Lot
3.36 ac (146,465 SF)
Zoning code
7100:INDUSTRIAL,LIGHT MFG
APN
30-6923-008-0010
UPID
US18-6178618
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7100:INDUSTRIAL,LIGHT MFG · Homestead, FLZoning 7100:INDUSTRIAL,LIGHT MFG · permitted uses
7100:INDUSTRIAL,LIGHT MFG · Homestead, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
2011
Heating
NONE
Lot
3.36 ac
Current owner
From public records · entity-resolved
South Dade Industrial Center LLC
Entity
Mailing address
7071 W COMMERCIAL BLVD STE 2A, LAUDERHILL, FL 33319-2143
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2015
$2,300,000
South Dade Industrial Center LLC
South Dade Commerce Park II INC
Warranty Deed
related
$1,610,000 · Stonegate Bank
Feb 19, 2014
$1,070,600
Dade Commerce Park South II
Ibanez Property Invs LLC
Warranty Deed
$1,579,060 · Ibanez Property Invs LLC
Oct 16, 2012
$1,125,000
Ibanez Property Invs LLC
Mbsa 1 LLC
Grant Deed
—
Feb 9, 2011
$2,600
Krome Holdings LLC
Royal Commerce Center INC Coc
Trustees Deed
related
—
Oct 5, 2006
—
Royal Commerce Center INC
Holland,stanley A & Thelma L
Warranty Deed
related
—
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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