Entity Owned 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
Current use
Occupant on record · Public records
-
Car Dealership
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$391k
Blend (final)
Blend
$600k
Owner & transaction history
since 2025
Last sale
$720,000
1 recorded transaction
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Homestead, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 7 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$600k
Value range
$540k – $660k
±10% around blend
Estimated value / SF
$228 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
70
$540k
blend $600k
$660k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,632 SF
Lot area
0.2 ac
Year built
1975
Stories
1
APN
10-7813-024-1860
Zoning
6600:COMMERCIAL,LIBERAL
Assessed value
$369,000
Annual tax
$5,446
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$382k
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
20.9 mi away · 2,786 SF
21.1 mi away · 1,925 SF
27.8 mi away · 3,185 SF
28.4 mi away · 1,992 SF
29.1 mi away · 1,944 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$600k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 285 sales
$631
-64%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $228/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$720k
Move the market yield to see immediate price impact.
Value / SF
$274
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$45k
$907k
$648k
$504k
$50k
$1.01M
$720k
$560k
$55k
$1.11M
$792k
$616k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$180k
20.9 mi · Apr 2026 · $65/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, FLZoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · Homestead, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1975
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
0.2 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6600:COMMERCIAL,LIBERAL
Jurisdiction
Homestead, FL
Recorded code
6600:COMMERCIAL,LIBERAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6600:COMMERCIAL,LIBERAL in Homestead, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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