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    Property profile & analytics

    450 Washington Ave Homestead, FL 33030-6036

    • Office buildings
    • 2,004 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $620,000
    Last Sale
    Sep 14, 2021
    $480,000
    Location Intelligence
    Property ID
    US18-5873259
    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.

    Current Use by Public Records

    • Brilliant Kids Preschool / Preschool / After School Program

    Property Details for 450 Washington Ave

    Year built
    1982
    Construction
    CONCRETE
    Lot size
    0.15 lot acres
    Property size
    2,004 SF
    Zone code
    6300:COMMERCIAL,RESTRICT
    Property type
    Office buildings
    APN
    10-7918-003-0390
    APU
    1079180030390

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $670,000

    • CAP approach

      CAP return
      Estimation
      6%
      $530,000
      6.5%
      $585,000
      7%
      $595,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $570,000
      Geo Method
      $530,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $610,000
      Retail
      $500,000
      Mixed-Use
      $605,000
      Hospitality
      $640,000
      Educational
      $540,000
      Residential Income
      $615,000
      Energy
      $660,000
      Income-Based Land
      $695,000
      Food Service
      $640,000

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.4767
    Latitude
    25.4744
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $166,250
    $151,144
    $317,394
    -
    $166,250
    $151,144
    $317,394

    Comparable in this City

    • Value Estimation by Request
      8,429 SF

      1005 Krome Ave

      OFFICE BUILDING • 8,429 SF
      1005 Krome Ave, Homestead, FL 33030-4462
      View Details
    • Value Estimation by Request
      3,289 SF

      151 11th St Ste E202

      PROFESSIONAL BUILDING • 3,289 SF
      151 11th St Ste E202, Homestead, FL 33030-4350
      View Details
    • Value Estimation by Request
      1,080 SF

      125 8th St Ste, Unit 2

      PROFESSIONAL BUILDING • 1,080 SF
      125 8th St Ste, Homestead, FL 33030-4676
      View Details
    • Value Estimation by Request
      1,050 SF

      125 8th St Ste, Unit 3

      PROFESSIONAL BUILDING • 1,050 SF
      125 8th St Ste, Homestead, FL 33030-4676
      View Details
    • Value Estimation by Request
      3,920 SF

      10 18th St

      PROFESSIONAL BUILDING • 3,920 SF
      10 18th St, Homestead, FL 33030-4519
      View Details
    • Value Estimation
      $235,000
      1,220 SF

      30 15th St

      PROFESSIONAL BUILDING • 1,220 SF
      30 15th St, Homestead, FL 33030-4262
      View Details

    Similar Nearby for Sale

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      Leased office space with included amenities for sale.
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    Similar Nearby for Lease

    • $4,061 /Mo
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      Homestead Warehouse - Great Location

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    • New
      $4,305 /Mo

      Retail Space on Krome Avenue

      Commercial space for rent, ideal for retail, office, or showroom.
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    • $27 SF/Yr
      1,034 SF

      Homestead Office Space For Sale/Rent

      1,034 sq ft office, 1 parking space.
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    • $14 SF/Yr
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      Homestead Office Building For Lease

      Prime Medical Office Space, 4,500 SF
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    • Contact for pricing
      11,720 SF

      Downtown Homestead Office Space Available

      Office spaces for rent in downtown Homestead, Florida.
      377-381 N Krome Ave, Homestead, FL 33030
      View Details
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    450 Washington Ave
    Homestead, FL 33030-6036
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    Realmo Value Estimation

    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.

    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.

    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
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