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    504 6Th Ave Homestead, FL 33030

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    504 6Th Ave Homestead, FL 33030

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    • Commercial real estate
    Off-Market
    Property ID
    US18-9081550
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 504 6Th Ave

    Property type
    Commercial real estate

    Description

    This exceptional commercial property in Homestead, Florida, presents a unique investment opportunity. Priced at $650,000, this offering encompasses two contiguous lots totaling 12,222 square feet, ideally suited for various commercial ventures. Located at 504 SW 6th Ave and 512 SW 6th Ave, in Miami-Dade County, the property boasts a prime location within the 33030 zip code. The combined parcels are identified by Folio numbers 10-7813-036-0910 and 10-7813-036-0920. This substantial land area provides ample space for development, allowing for significant flexibility in design and functionality. The property is classified as Special Purpose, offering a blank canvas for creative commercial endeavors. Financing is available for qualified buyers, making this an even more attractive proposition. The strategic location in Homestead, Florida, offers access to a growing market and presents a compelling opportunity for long-term growth and return on investment. Serious inquiries are encouraged to explore the potential of this remarkable commercial land offering. Don't miss this chance to acquire a significant piece of Homestead real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.485615
    Latitude
    25.465036

    Comparable in this City

    • Contact for pricing

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      Homestead Shopping Center Investment Opportunity

      Triple Net Lease shopping center with value-add potential in Homestead.
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      4.73 Acres

      Nursery Land For Lease

      4.73 acre nursery property for lease in Homestead, Florida.
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      Homestead Retail Building - Great Investment

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    Similar Nearby for Sale

    • Contact for pricing

      Large Land Portfolio For Sale

      65-acre land portfolio suitable for long-term investment or exchange.
      40800 SW 177Th Ave, Homestead, FL 33030
      View Details
    • $9,700,000

      Homestead Shopping Center Investment Opportunity

      Triple Net Lease shopping center with value-add potential in Homestead.
      854 N Krome Ave, Homestead, FL 33030
      View Details
    • Contact for pricing
      4.73 Acres

      Nursery Land For Lease

      4.73 acre nursery property for lease in Homestead, Florida.
      304xx sw 202Nd Ave, Homestead, FL 33030
      View Details
    • $325,000
      750 SF

      Homestead Retail Building - Great Investment

      Profitable Retail Space, Established Business
      Homestead, FL 33030
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      2,932 SF

      Homestead Commercial Space For Lease

      Prime location, single-tenant office space.
      313-317 Krome Ave, Homestead, FL 33030
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    • $19 SF/Yr
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      Homestead Office Space - 2474 sq ft

      Prime Homestead office, single tenant, fully equipped.
      655 5Th St, Homestead, FL 33030
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    • $25 SF/Yr
      1,409 SF

      Homestead Warehouse: 1409 SF

      Rare Homestead Warehouse for Lease
      238 9Th Ave, Homestead, FL 33030
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    • $4 SF/Yr
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      Homestead Retail Space For Lease

      Prime Homestead location, 6,228 sq ft retail space.
      313 Krome Ave, Homestead, FL 33030
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    • Contact for pricing

      4 S Krome Ave, Homestead, FL 33030

      Retail space
      4 S Krome Ave, Homestead, FL 33030
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail spaces available for lease, ranging from 1,057 to 10,813 SF.
      211-287 S Homestead Blvd, Homestead, FL 33030
      View Details
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    504 6Th Ave
    Homestead, FL 33030
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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    504 6Th Ave, Homestead, FL, 33030

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