Technical
Financial
Distress signals
Property profile

31875 SW 197Th Ave Homestead, FL 33030

FOR SALE
Other retail properties
Property ID
US18-0401530
2,648 SF 1.04 ac lot Built 1973
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is an operating container nursery focused on native plants, historically marketed under the name “Casey’s Corner.” The grounds are designed for nursery cultivation and include a fully equipped office with kitchen and bathroom, parking, storage buildings, a water feature, and mist and shade houses. The nursery layout supports a plant mix that has included mangroves, edible plants, butterfly gardens, unusual flowering and fruiting trees, shrubs, and aquatics. The land is located within the Urban Development Boundary (UDB) and has been used with agricultural tax treatment (agri-exempt).

Property profile

Verified
Property type Other retail properties
Use group NURSERY, GREENHOUSE, FLORIST
Year built 1973
Construction CONCRETE
Total area 2,648 SF
Lot 1.04 ac (45,085 SF)
Zoning code 9000:AGRICULTURE
APN 30-7814-000-0530
UPID US18-0401530

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

31875 SW 197Th Ave Homestead, FL 33030
Homestead metro Census 11205 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2017
7 recorded transactions
2017
$80,000
2017
Price N/A
2017
Price N/A
2016
$48,000
2014
$692,585
2008
Price N/A
2008
Price N/A

Zoning & alternative use

9000:AGRICULTURE · Homestead, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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