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    Property profile & analytics

    24 6Th Ave Homestead, FL 33030

    • Manufacturing properties
    • 9,272 SF
    • 0.41 lot acres
    For Sale
    View listing
    $1,150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3933147
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Homestead Repair Center / Truck Repair Shop / Car Wash

    Property Details for 24 6Th Ave

    Year built
    1964
    Construction
    CONCRETE
    Lot size
    0.41 lot acres
    Property size
    9,272 SF
    Zone code
    7000:INDUSTRIAL,GENERAL
    Property type
    Manufacturing properties
    APN
    10-7813-000-0500
    APU
    1078130000500

    Description

    This exceptional opportunity presents a well-established truck repair business located at 24 SW 6th Ave, Homestead, FL 33030. Established in 2015, this reputable company boasts a strong track record of providing comprehensive truck repair services and parts sales, built on a foundation of exceptional customer service and repeat business. The business is offered at an asking price of $1,150,000 and includes over $500,000 worth of inventory and equipment, ensuring a smooth transition for the new owner. The 10,000 square foot facility, built in 1964, is not included in the sale; this offering is for the business only. Significant potential exists for further growth and increased revenue streams. The business offers a lucrative investment opportunity with a proven history of success. A signed Non-Disclosure Agreement (NDA) is required for access to detailed financial information and operational specifics. This is a turnkey operation ready for immediate ownership and continued success in the thriving Homestead market. The property is situated in Miami-Dade County, Florida, offering convenient access to major transportation routes. This presents a rare chance to acquire a profitable and established business with substantial assets.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,670,000
      6.5%
      $1,540,000
      7%
      $1,430,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,765,000
      Market price range: $1.05M - $2.30M
      AI Estimate
      $1,250,000
      Market price range: $517k - $1.96M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,790,000
      Current use
      WAREHOUSE, STORAGE
      $1,985,000
      Change: +11% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.4858
    Latitude
    25.4694
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,711
    $177,000
    $751,000
    $928,000
    -
    $177,000
    $751,000
    $928,000

    Comparable in this City

    • Value Estimation
      $1,805,000
      11,538 SF

      1301 2nd St

      MANUFACTURING (LIGHT) • 11,538 SF
      1301 2nd St, Homestead, FL 33030-5615
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    • Value Estimation by Request
      1,034 SF

      248 6th Ave

      MANUFACTURING (LIGHT) • 1,034 SF
      248 6th Ave, Homestead, FL 33030-7042
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      1,034 SF

      256 6th Ave

      MANUFACTURING (LIGHT) • 1,034 SF
      256 6th Ave, Homestead, FL 33030-7042
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    • Value Estimation by Request
      1,250 SF

      404 10th Ave

      MANUFACTURING (LIGHT) • 1,250 SF
      404 10th Ave, Homestead, FL 33030-5764
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      1,250 SF

      414 10th Ave

      MANUFACTURING (LIGHT) • 1,250 SF
      414 10th Ave, Homestead, FL 33030-5764
      View Details
    • Value Estimation by Request
      1,250 SF

      402 10th Ave

      MANUFACTURING (LIGHT) • 1,250 SF
      402 10th Ave, Homestead, FL 33030-5764
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16 SF

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      Homestead Industrial Property - High ROI

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      Homestead Flex Space For Sale

      Prime Downtown Homestead location, 23,936 sq ft, vacant.
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    • $6,000,000
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      80-Acre Farm with Packing House

      Fully fenced and irrigated 80-acre farm with warehouse in Homestead.
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      Homestead Industrial Warehouse For Sale

      Spacious Warehouse, Excellent Location, High Demand
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    Similar Nearby for Lease

    • $3 SF/Yr
      3,015 SF

      Homestead Warehouse: Prime Location

      3,015 sq ft Industrial Space Available
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    • $25 SF/Yr
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      Homestead Warehouse: 1409 SF

      Rare Homestead Warehouse for Lease
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      View Details
    • $4,061 /Mo
      1,034 SF

      Homestead Warehouse - Great Location

      1,034 sq ft Warehouse, Office, Yard
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      View Details
    • $20 SF/Yr
      16 SF

      New Warehouse Facility in Homestead

      16,153 SF warehouse with office space, completion December 2024.
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      View Details
    • New
      $2,900 /Mo

      Homestead Industrial Condo For Rent

      Industrial condo with roll-up door, office, restroom, and parking.
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      View Details
    • New
      $2,750 /Mo

      Industrial Condo in Homestead, Florida

      1250 sq ft industrial condo for rent in Homestead.
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      View Details
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    24 6Th Ave
    Homestead, FL 33030
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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