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Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Retail residential properties
61 4th St Homestead, FL 33030
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3113382
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1956
Construction
CONCRETE
Total area
8,459 SF
Lot
1.01 ac (43,949 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
10-7918-005-0016
UPID
US18-3113382
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
-
Renaissance Antiques Home Decor Store Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.69M
CAP Approach
CAP
$2.25M
Comparable Approach
Comparable
$2.42M
Blend (final)
Blend
$2.33M
Owner & transaction history
Hj & P Brothers LLC · 4 yrs held
Hj & P Brothers LLC
since 2021
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.7M
+31.4%
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
$2,420,000
ML approach
$2,690,000
CAP Approach
CAP Return
Estimation
6%
$2,430,000
6.5%
$2,245,000
7%
$2,085,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,830,000
Current use
MEDICAL BUILDING
$3,715,000
Change: +31% · Conversion: Easy
OFFICE BUILDING
$2,635,000
Change: -7% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,430,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.33M
Range $2.10M – $2.56M · ±10% · vs last sale $2.10M (Dec 16 2021)
Last sale anchor
$2.10M
Dec 16 2021
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
$275 / 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
$56,691
Tax year 2023
Assessed value
$3,703,000
Assessed 2023
Previous assessed
$2,000,000
+85.2% YoY
Effective rate
1.53%
On assessed value
Assessed land
$1,098,725
Assessed improvement
$2,604,275
Land market value
$1,098,725
Improvement market value
$2,604,275
Total market value
$3,703,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1956
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
8,459 SF
Lot
1.01 ac (43,949 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
10-7918-005-0016
UPID
US18-3113382
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
COMMERCIAL (GENERAL) Current
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$3.7M
OFFICE BUILDING
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
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
1956
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.01 ac
Current owner
From public records · entity-resolved
Hj & P Brothers LLC
Entity
Mailing address
30363 SW 163RD CT, HOMESTEAD, FL 33033-3346
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2025
—
Hj & P Brothers LLC
—
Deed
related
$2,000,000 · First Citizens Bank & Trust Co
Dec 16, 2021
$2,100,000
Hj & P Brothers LLC
Salate LLC
Warranty Deed
$1,505,000 · Ans Financial LLC
Dec 16, 2021
—
Hj & P Brothers LLC
Vernon W Turner JR
Warranty Deed
—
Jan 17, 2020
$140,000
Salate LLC
John R Dehart
Warranty Deed
—
Apr 23, 2018
—
Salate LLC
Lynn,sandra T
Quit Claim Deed
related
—
Jun 29, 2009
—
Sandra T Lynn
Homestead Palms Plaza Lllp
Quit Claim Deed
related
—
Apr 25, 2005
—
Homestead Palms Plaza Lllp
Turner Katherine L Trust
Quit Claim 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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