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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    604 6Th Ave Homestead, FL 33030

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0768952
    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

    • Commercial real estate

    Property Details for 604 6Th Ave

    Property type
    Commercial real estate

    Description

    This exceptional commercial land opportunity in Homestead, Florida, presents a compelling investment prospect. Located at 604 SW 6 Ave, 33030, this property encompasses a substantial 14,187 square feet, comprised of four separate folios (10-7813-004-0010, 10-7813-004-0020, 10-7813-004-0030, 10-7813-004-0045). Situated in a thriving area of Homestead, this parcel offers significant potential for development. According to Homestead City regulations, the property allows for the construction of up to two single-family homes. The asking price is $350,000, with attractive owner financing options available, requiring a 25% down payment. This presents a rare chance to acquire a sizeable lot in a rapidly growing community, ideal for investors seeking strong returns. The property's strategic location and development potential make it an attractive investment for both experienced and emerging developers. Contact us today to explore this exciting opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.485693
    Latitude
    25.464148

    Comparable in this City

    • $5,000,000

      Prime Retail Development Land Available

      1.82-acre parcel ideal for retail development with high visibility.
      NE 14Th St, Florida City, FL 33030
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    • $4,346,055

      Prime Corner Agricultural Land

      17.739 +/- acres on Krome Avenue and SW 288th Street.
      17751 Southwest 288Th St, Homestead, FL 33030
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    • $280,000

      Prime Vacant Lot For Sale

      7,500 sqft vacant lot with endless possibilities!
      42 NE 3Rd Rd, Homestead, FL 33030
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    • $6,000,000
      2 SF

      Homestead Retail Outparcels Development Opportunity

      Two 1-acre retail outparcels in a high-traffic commercial area.
      SW 328Th St, Homestead, FL 33030
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    • $5,000,000

      40 Acres Agricultural Land Homestead

      40 acres of improved agricultural land in Miami-Dade.
      40 Acres Of Improved Agricultural Land For Sale, Homestead, FL 33030
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    • $450,000
      0.12 Acres

      Homestead Land Opportunity

      Land available in a great location near Downtown Homestead.
      31 S Flagler Ave, Homestead, FL 33030
      View Details

    Similar Nearby for Sale

    • $5,000,000

      Prime Retail Development Land Available

      1.82-acre parcel ideal for retail development with high visibility.
      NE 14Th St, Florida City, FL 33030
      View Details
    • $4,346,055

      Prime Corner Agricultural Land

      17.739 +/- acres on Krome Avenue and SW 288th Street.
      17751 Southwest 288Th St, Homestead, FL 33030
      View Details
    • $280,000

      Prime Vacant Lot For Sale

      7,500 sqft vacant lot with endless possibilities!
      42 NE 3Rd Rd, Homestead, FL 33030
      View Details
    • $6,000,000
      2 SF

      Homestead Retail Outparcels Development Opportunity

      Two 1-acre retail outparcels in a high-traffic commercial area.
      SW 328Th St, Homestead, FL 33030
      View Details
    • $5,000,000

      40 Acres Agricultural Land Homestead

      40 acres of improved agricultural land in Miami-Dade.
      40 Acres Of Improved Agricultural Land For Sale, Homestead, FL 33030
      View Details
    • $450,000
      0.12 Acres

      Homestead Land Opportunity

      Land available in a great location near Downtown Homestead.
      31 S Flagler Ave, Homestead, FL 33030
      View Details

    Similar Nearby for Lease

    • $15,000 /Mo

      Retail Outparcels for Ground Lease

      Retail outparcels available for ground lease in Homestead, Florida.
      100 SE 6Th St, Homestead, FL 33030
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    • $20,000 /Mo

      Prime Land Parcel For Lease

      Land parcel with frontage and high visibility near major retailers.
      6 SE 6Th St S US-1, Homestead, FL 33030
      View Details
    • $27 SF/Yr
      1,034 SF

      Homestead Office Space For Sale/Rent

      1,034 sq ft office, 1 parking space.
      240 6Th Ave, Homestead, FL 33030
      View Details
    • Contact for pricing
      7,199 SF

      Homestead Blvd Retail Spaces

      Prime Homestead retail, multiple units available.
      211-287 Homestead Blvd, Homestead, FL 33030
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    • $4 SF/Yr
      6,228 SF

      Homestead Retail Space For Lease

      Prime Homestead location, 6,228 sq ft retail space.
      313 Krome Ave, Homestead, FL 33030
      View Details
    • $24 SF/Yr
      2,932 SF

      Homestead Commercial Space For Lease

      Prime location, single-tenant office space.
      313-317 Krome Ave, Homestead, FL 33030
      View Details
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    604 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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