Entity Owned 
For Lease
1 / 14
$2,885,000
29345 SW 152Nd Ave, Homestead, FL 33033
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Property summary
AI-generated overview
This exceptional retail property, located at 29345 SW 152nd Ave in Homestead, Florida, presents a unique leasing opportunity. The property, encompassing a total of 17,061 square feet, currently has 2,000 square feet of vacant space available for lease. Situated in Miami-Dade County, zip code 33033, this single-tenant retail space benefits from its prime location within a rapidly growing area of Homestead. The property is undergoing significant renovations under new ownership, representing a substantial capital expenditure investment. These improvements encompass a complete exterior façade upgrade, roof replacement, enhanced lighting, installation of uniform signage, and a comprehensive parking lot refurbishment. This revitalization effort ensures a modern and attractive retail space, ready for immediate occupancy. The property's size and location make it ideal for a variety of retail businesses seeking to establish or expand their presence in this thriving market. The 2,000 square feet of vacant space offers flexibility for customization to meet specific tenant needs. This is a rare opportunity to secure a well-located, newly renovated retail space in a dynamic and expanding area.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1954
Construction
CONCRETE
Total area
6,279 SF
Lot
0.53 ac (23,056 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
30-7904-005-3330
UPID
US18-5485457
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mobile Phone Store Electronics & Wireless Store
-
Party Supply Store Rental Equipment Company
-
Computer & Electronic Repair Tech Support Center
-
Barber Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.89M
Owner & transaction history
since 2023
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Homestead, FL
Top alternative use upside
Restaurant
$4.7M
+194.6%
Auto repair, garage
$4.0M
+148.9%
Medical building
$2.8M
+73.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.89M
Value range
$2.60M – $3.17M
±10% around blend
Estimated value / SF
$459 / SF
Confidence
High
8 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
80
$2.60M
blend $2.89M
$3.17M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,279 SF
Lot area
0.53 ac
Year built
1954
Stories
1
APN
30-7904-005-3330
Zoning
6200:COMMERCIAL,ARTERIAL
Assessed value
$743,455
Annual tax
$10,825
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.55M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
18.1 mi away · 4,750 SF
18.2 mi away · 4,725 SF
20.7 mi away · 4,550 SF
21.1 mi away · 5,520 SF
23.1 mi away · 7,935 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.89M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 48 sales
$253
+81%
County 1136 sales
$507
-9%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $459/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+195%
vs current-use indication
Auto Repair, Garage
Medical Building
Commercial (general)
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
3.70%
Implied, in-place cap rate for this outlet malls
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.70%
9.0%
NOI (est.)
$242k *
Last sale · Dec 2023
$3.45M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.53M
Move the market yield to see immediate price impact.
Value / SF
$1,040
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.20%3.70%4.20%
$217k
$6.79M
$5.87M
$5.18M
$242k
$7.55M
$6.53M
$5.75M
$266k
$8.30M
$7.18M
$6.33M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$1.95M
1.5 mi · Mar 2026 · $243/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,825
Tax year 2023
Assessed value
$743,455
Assessed 2023
Previous assessed
$513,064
+44.9% YoY
Effective rate
1.46%
On assessed value
Assessed land
$461,120
Assessed improvement
$282,335
Land market value
$461,120
Improvement market value
$282,335
Total market value
$743,455
Applied tax rate
3,000.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1954
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
6,279 SF
Lot
0.53 ac (23,056 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
30-7904-005-3330
UPID
US18-5485457
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Homestead, FLZoning 6200:COMMERCIAL,ARTERIAL · permitted uses
6200:COMMERCIAL,ARTERIAL · Homestead, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1954
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.53 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6200:COMMERCIAL,ARTERIAL
Jurisdiction
Homestead, FL
Recorded code
6200:COMMERCIAL,ARTERIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6200:COMMERCIAL,ARTERIAL in Homestead, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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