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Property profile & analytics
OFF-MARKET
Commercial real estate

23801 120Th Ave Homestead, FL 33032

2.5 ac lot
Individually Owned 9-yr Hold
Property ID
US18-6555351
Property summary
AI-generated overview

This exceptional 2.5-acre property, located at 23801 SW 120 Ave, Homestead, FL 33032, presents a unique investment opportunity in one of South Miami-Dade County's fastest-growing areas. Currently zoned for agricultural use, the land offers significant potential for future development. Preliminary research suggests the possibility of rezoning to allow for low-density residential development, with the potential for 2.5 to 6 dwelling units per acre. This makes it an attractive prospect for developers seeking to capitalize on the area's burgeoning growth. The property boasts several key features that enhance its value and appeal. It is conveniently situated adjacent to a new Lennar development, indicating strong neighborhood growth and demand. Existing infrastructure includes readily available power, a functioning irrigation system, a well, and a pump system, significantly reducing the initial investment required for development. The property's size and location, combined with its existing infrastructure and potential for rezoning, make it an ideal investment for those seeking land with high development potential in a rapidly expanding market. The asking price for this remarkable property is $1,200,000. Serious inquiries are encouraged.

Property profile
Verified
Property type Commercial real estate
Lot 2.5 ac (108,900 SF)
UPID US18-6555351
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
Miguel Gutierrez · 9 yrs held
Miguel Gutierrez
since 2017
1 recorded transaction
2017
$260,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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