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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Office buildings
47 Krome Ave, Homestead, FL 33030-6014
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-5979103
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Construction
CONCRETE
Total area
1,591 SF
Lot
0.08 ac (3,375 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
10-7918-006-0050
UPID
US18-5979103
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
Current use
Occupant on record · Public records
-
Paul & Associates Law Firm
-
Manuel Medrano Ventura, REALTOR Real Estate Agency
-
Megawattage (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Avanti Way Realty - Homestead Real Estate Agency
-
SKYNET360 High Speed Internet Service provider Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$442k
Blend (final)
Blend
$660k
Owner & transaction history
Julio C Guzman Pa · 2 yrs held
Julio C Guzman Pa
since 2023
Last sale
$625,000
5 recorded transactions
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+102.7%
Medical building
$700,000
+41.1%
Commercial (general)
$530,000
+7.4%
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
$800,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$690,000
7%
$645,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$495,000
Current use
AUTO REPAIR, GARAGE
$1,005,000
Change: +103% · Conversion: Difficult
MEDICAL BUILDING
$700,000
Change: +41% · Conversion: Easy
COMMERCIAL (GENERAL)
$530,000
Change: +7% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$455,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $625k (Nov 13 2023)
Last sale anchor
$625k
Nov 13 2023
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
$415 / 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
$5,019
Tax year 2023
Assessed value
$269,020
Assessed 2023
Previous assessed
$237,056
+13.5% YoY
Effective rate
1.87%
On assessed value
Assessed land
$135,000
Assessed improvement
$134,020
Land market value
$135,000
Improvement market value
$134,020
Total market value
$269,020
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1995
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
1,591 SF
Lot
0.08 ac (3,375 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
10-7918-006-0050
UPID
US18-5979103
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · Homestead, FL
Zoning 6300:COMMERCIAL,RESTRICT · permitted uses
6300:COMMERCIAL,RESTRICT · Homestead, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Homestead. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$495,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$700,000
COMMERCIAL (GENERAL)
Est. value
$530,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$455,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Julio C Guzman Pa
Individual
Free & Clear · 2 yrs held
Mailing address
47 N KROME AVE, HOMESTEAD, FL 33030-6014
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
—
Julio C Guzman Pa
—
Deed
related
$270,000 · First Citizens Bank & Trust Co
Nov 13, 2023
$625,000
Julio C Guzman Pa
47 North Krome INC
Warranty Deed
—
Dec 12, 2011
$160,000
47 North Krome INC
Shiver,roy S JR
Warranty Deed
—
Aug 8, 2005
$220,000
Roy S Shiver JR
Le Jardin LLC
Warranty Deed
$120,000 · 1st National Bank Of South Florida
Oct 12, 2000
$140,000
Le Jardin LLC
Le Jardin Community Center INC
Grant Deed
related
—
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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