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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Automotive properties
637 Mowry Dr Homestead, FL 33030-5742
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1510913
Property summary
AI-generated overview
This 2,632 square foot warehouse, located at 637 W Mowry Dr, Homestead, FL 33030 (APN: 10-7813-024-1860), is offered at $725,000. The property sits on a 15,745 square foot lot and includes a permitted zoning for AUTOMOTIVE OR MARINE uses. Built in 1975, this single-tenant industrial property features a 16-foot ceiling height and two loading docks. The current tenant, in place for over 15 years, operates an auto dealership and is on a month-to-month lease, paying $4,500 plus 7% sales tax, generating a Net Operating Income (NOI) of $4,800. The property also includes a 7,102 square foot adjacent lot (Folio: 10-7813-024-1870) ideal for storage, enhancing its overall value and functionality. This presents a unique opportunity for an owner-user or investor seeking a high-demand property in a prime Homestead location, just one mile from the downtown area. The current below-market rental income offers significant potential for increased revenue. The property's history as an auto dealership for over 20 years speaks to its suitability for similar businesses. This is an exceptional opportunity to acquire a well-located, established industrial property with significant upside potential.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1975
Construction
CONCRETE
Total area
2,632 SF
Lot
0.2 ac (8,643 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
10-7813-024-1860
UPID
US18-1510913
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
-
Santana Auto Sales Inc Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$391k
Blend (final)
Blend
$650k
Owner & transaction history
Drg Properties INC · 1 yrs held
Drg Properties INC
since 2025
Last sale
$720,000
1 recorded transaction
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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)
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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
$600,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $720k (Mar 17 2025)
Last sale anchor
$720k
Mar 17 2025
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
$247 / 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
$5,446
Tax year 2023
Assessed value
$369,000
Assessed 2023
Previous assessed
$369,000
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$129,645
Assessed improvement
$239,355
Land market value
$129,645
Improvement market value
$239,355
Total market value
$369,000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
2,632 SF
Lot
0.2 ac (8,643 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
10-7813-024-1860
UPID
US18-1510913
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Homestead, FL
Zoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · 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.
Building & site characteristics
From public records
Year built
1975
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Drg Properties INC
Entity
Mailing address
27501 S DIXIE HWY STE #402, NARANJA, FL 33032-8219
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Drg Properties INC
—
Loan Modification
related
$289,284 · Continental Nat'l Bk
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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