Entity Owned Property summary
AI-generated overview
This exceptional industrial property, located at 412 W Mowry Dr in Homestead, Florida, presents a compelling investment opportunity. Boasting a substantial 7,952 square feet of warehouse space situated on a 0.44-acre lot, this property is ideally suited for a variety of industrial uses. The building features five usable bays, offering flexibility for diverse operational needs, and includes a mixed-use office component. Recent improvements include a completed 40-year certification, fresh paint, and soon-to-be-finished asphalt. Ample parking is provided with 10 spaces at the front for visitors and staff, supplemented by an additional 8 spaces in the rear. The property is zoned 7000-Industrial-General, ensuring versatility and potential for future development. Currently occupied by month-to-month tenants who have been in place for several years, this property offers immediate income potential and long-term growth prospects. Its prime location in a highly desirable area of Homestead further enhances its value and attractiveness to potential buyers. The asking price is $1,700,000. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in a thriving market. Don't miss out on this chance to secure a valuable asset in a high-demand area.
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1977
Construction
CONCRETE
Total area
8,378 SF
Lot
0.44 ac (19,170 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
10-7813-037-0180
UPID
US18-4982754
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.39M
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.54M
Owner & transaction history
since 2025
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · Homestead, FL
Top alternative use upside
Neighborhood: shopping center
$2.4M
+48.7%
Warehouse, storage
$1.8M
+10.8%
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 6 comparables with addresses
3 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
$1.54M
Value range
$1.38M – $1.69M
±10% around blend
Estimated value / SF
$183 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
60
$1.38M
blend $1.54M
$1.69M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,378 SF
Lot area
0.44 ac
Year built
1977
Stories
1
APN
10-7813-037-0180
Zoning
7000:INDUSTRIAL,GENERAL
Assessed value
$820,000
Annual tax
$12,743
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.39M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.51M
@ 6.5% CAP return
$1.39M
@ 7% CAP return
$1.29M
4
Sales comparison
Partial preview
Sales approach indication
$3.23M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
23.8 mi away · 7,553 SF
24.5 mi away · 6,166 SF
26.6 mi away · 10,226 SF
28.1 mi away · 6,576 SF
33.5 mi away · 7,200 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.54M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 24 sales
$193
-5%
Submarket 30 sales
$206
-11%
County 2032 sales
$249
-26%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $183/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+49%
vs current-use indication
Warehouse, Storage
Industrial (general) · current use
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
Modeled
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: income and sales evidence cover the value conclusion.
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 · 6 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.59M
Move the market yield to see immediate price impact.
Value / SF
$190
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
5.00%7.00%9.00%
$100k
$2.00M
$1.43M
$1.11M
$111k
$2.23M
$1.59M
$1.24M
$122k
$2.45M
$1.75M
$1.36M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$4.20M
0.3 mi · Feb 2026 · $408/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,743
Tax year 2023
Assessed value
$820,000
Assessed 2023
Previous assessed
$454,734
+80.3% YoY
Effective rate
1.55%
On assessed value
Assessed land
$191,700
Assessed improvement
$628,300
Land market value
$191,700
Improvement market value
$628,300
Total market value
$820,000
Applied tax rate
1,000.0000
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1977
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
8,378 SF
Lot
0.44 ac (19,170 SF)
Zoning code
7000:INDUSTRIAL,GENERAL
APN
10-7813-037-0180
UPID
US18-4982754
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · Homestead, FLZoning 7000:INDUSTRIAL,GENERAL · permitted uses
7000:INDUSTRIAL,GENERAL · 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
1977
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.44 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
7000:INDUSTRIAL,GENERAL
Jurisdiction
Homestead, FL
Recorded code
7000:INDUSTRIAL,GENERAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 7000:INDUSTRIAL,GENERAL 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.
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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.
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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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