Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    26501 138Th Ct Homestead, FL 33032

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    26501 138Th Ct Homestead, FL 33032

    View on Map
    • Small apartment buildings
    Off-Market
    Property ID
    US18-1574934
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 26501 138Th Ct

    Year built
    1970
    Property type
    Small apartment buildings

    Description

    This charming 1-story, 1970-built duplex located at 26501 SW 138th Ct, Homestead, FL 33032, presents a compelling investment opportunity. Situated in Miami-Dade County, this multifamily property offers a total of four bedrooms and two bathrooms, spread across two units. Each unit boasts two bedrooms and one bathroom, providing comfortable living spaces for tenants. The property sits on a large lot, adding significant value and potential for future development or expansion. Currently generating a substantial monthly income of $4,200, this duplex represents a strong cash-flowing asset. The asking price is $475,000. This property is ideal for investors seeking a proven income stream in a desirable Florida location. The property's strong rental history and location in Homestead, FL, contribute to its attractiveness. This is a rare opportunity to acquire a well-maintained, income-producing duplex in a growing market. Don't miss this chance to secure a profitable investment in a prime location. The property's solid construction and established rental income make it a low-risk, high-reward investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.4154222
    Latitude
    25.520714

    Comparable in this City

    • $9,500,000

      Newly Constructed Multifamily Community

      32-unit multifamily community completed in 2023 in South Miami-Dade.
      26720 Old Dixie Hwy, Homestead, FL 33032
      View Details
    • Contact for pricing
      1,752 SF

      26711 SW 145 Ave Rd, Homestead, FL 33032

      Duplexes • 1,752 SF
      26711 SW 145Th Avenue Rd, Homestead, FL 33032
      View Details
    • Contact for pricing

      Lakefront Development Site Opportunity

      3+ acre site for high-density multifamily development.
      US-1 SW 274Th St, Jacksonville, FL 33032
      View Details
    • $1,590,000

      Homestead Development Opportunity

      Prime Vacant Lot, 38-Unit Potential
      14281 Henderson St, Homestead, FL 33032
      View Details
    • Contact for pricing

      Land Available in Homestead, Florida

      Land for sale in Homestead, Florida.
      23400 SW 124Th Ave, Homestead, FL 33032
      View Details

    Similar Nearby for Sale

    • $9,500,000

      Newly Constructed Multifamily Community

      32-unit multifamily community completed in 2023 in South Miami-Dade.
      26720 Old Dixie Hwy, Homestead, FL 33032
      View Details
    • Contact for pricing
      1,752 SF

      26711 SW 145 Ave Rd, Homestead, FL 33032

      Duplexes • 1,752 SF
      26711 SW 145Th Avenue Rd, Homestead, FL 33032
      View Details
    • Contact for pricing

      Lakefront Development Site Opportunity

      3+ acre site for high-density multifamily development.
      US-1 SW 274Th St, Jacksonville, FL 33032
      View Details
    • Contact for pricing
      2,739 SF

      Established Business Opportunity For Sale

      Profitable business established since 2016 with diverse clientele.
      15410 SW 272Nd St, Homestead, FL 33032
      View Details

    Similar Nearby for Lease

    • $1,750 /Mo

      Two Bedroom Unit For Rent

      Two-bedroom, one-bathroom unit with private entrance and fenced backyard.
      26447 SW 139Th Ave, Homestead, FL 33032
      View Details
    • Contact for pricing

      Retail Space on South Dixie

      Retail space with excellent frontage and high visibility.
      27455 S Dixie Hwy, Homestead, FL 33032
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    26501 138Th Ct
    Homestead, FL 33032
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!