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Property profile & analytics
OFF-MARKET
Estimated value
$125,000
Manufacturing properties
416 10th Ave Homestead, FL 33030-5764
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-9737180
Property summary
AI-generated overview
This ±1,250 square foot industrial condo unit, located at 416 NW 10th Ave #416, Homestead, FL 33030, presents a compelling investment opportunity. Built in 2006 within the Redland Park Condo complex, this property boasts durable tilt-up concrete walls and a robust Twin-T concrete roof system, ensuring low maintenance and longevity. The I-2 Medium Industrial zoning allows for diverse uses, including light manufacturing, warehousing, distribution, or service industries. The unit's strategic location in Homestead, Miami-Dade County, offers access to key transportation routes and a growing market. This well-constructed warehouse provides a solid foundation for business expansion or a reliable income-generating investment property. The property's solid construction and flexible zoning make it suitable for a variety of industrial applications. Its location in the thriving Homestead area offers excellent potential for growth and return on investment. This is a rare opportunity to acquire a well-maintained, functional industrial space in a prime location.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2006
Total area
1,250 SF
Zoning code
7200:INDUSTRIAL,MED MFG
APN
10-7813-064-0080
UPID
US18-9737180
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$125k
Owner & transaction history
Redland Warehouse 1v LLC · 1 yrs held
Redland Warehouse 1v LLC
since 2025
Last sale
$300,000
3 recorded transactions
Zoning & alternative use
7200:INDUSTRIAL,MED MFG · Homestead, FL
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Homestead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Homestead submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$125k
Range $113k – $138k · ±10% · vs last sale $300k (Jan 7 2025)
Last sale anchor
$300k
Jan 7 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$100 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,982
Tax year 2023
Assessed value
$150,000
Assessed 2023
Previous assessed
$125,000
+20.0% YoY
Effective rate
1.99%
On assessed value
Total market value
$150,000
Applied tax rate
1,000.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2006
Heating
NONE
Total area
1,250 SF
Zoning code
7200:INDUSTRIAL,MED MFG
APN
10-7813-064-0080
UPID
US18-9737180
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
7200:INDUSTRIAL,MED MFG · Homestead, FLZoning 7200:INDUSTRIAL,MED MFG · permitted uses
7200:INDUSTRIAL,MED MFG · Homestead, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Current owner
From public records · entity-resolved
Redland Warehouse 1v LLC
Entity
Free & Clear · 1 yrs held
Mailing address
17900 SW 288TH ST, HOMESTEAD, FL 33030-1835
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2025
$300,000
Redland Warehouse 1v LLC
Torcise Bros Farms INC
Warranty Deed
—
Jan 28, 2009
$135,000
Torcise Bros Farms INC
Dunnigan,allen E SR
Warranty Deed
—
Feb 5, 2008
$165,000
Allen E Dunnigan SR.
Redland Park LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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