Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    650 22nd Ter Ste, Unit 116 Homestead, FL 33033-4710
    Back to Search
    Property profile & analytics

    650 22nd Ter Ste, Unit 116, Homestead, FL 33033-4710

    View on Map
    • Office buildings
    • 724 SF
    Off-Market
    Property ID
    US18-3225192
    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

    • Office buildings

    Property Details for 650 22nd Ter Ste

    Year built
    2007
    Zone code
    PLANNED UNIT DEVELOPMENT
    Property type
    Office buildings
    APN
    10-7917-023-0090
    APU
    1079170230090

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 30, 2007 — Prime Hms Of Portofino Plaza Reta Villa Portofino West L Trust Grant Deed · related —
    — — Prime Hms Of Portofino Plaza LLC — Deed Of Trust · related $6.8M · Totalbank

    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
    -80.4463
    Latitude
    25.4764
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,321
    $0.00
    $0.00
    $173,760
    -
    $0.00
    $0.00
    $173,760

    Comparable in this City

    • Value Estimation
      $2,545,000
      6,883 SF

      30010 Old Dixie Hwy

      OFFICE BUILDING
      30010 Old Dixie Hwy, Homestead, FL 33033
      View Details
    • Value Estimation by Request
      856 SF

      650 22nd Ter213r

      PROFESSIONAL BUILDING
      650 22nd Ter213r, Homestead, FL 33033-4709
      View Details
    • Value Estimation by Request
      668 SF

      600 22nd Ter Ste, Unit 106

      PROFESSIONAL BUILDING
      600 22nd Ter Ste, Homestead, FL 33033-4708
      View Details
    • Value Estimation by Request
      724 SF

      650 22nd Ter Ste, Unit 114

      PROFESSIONAL BUILDING
      650 22nd Ter Ste, Homestead, FL 33033-4710
      View Details
    • Value Estimation
      $595,000
      1,708 SF

      925 30th Ter Ste, Unit 102

      PROFESSIONAL BUILDING
      925 30th Ter Ste, Homestead, FL 33033-7614
      View Details
    • Value Estimation
      $585,000
      1,680 SF

      925 30th Ter Ste, Unit 104

      PROFESSIONAL BUILDING
      925 30th Ter Ste, Homestead, FL 33033-7614
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Office Space in South Miami

      Office space in a dynamic, convenient South Miami location.
      600 NE 22Nd Ter, Homestead, FL 33033
      View Details
    • Contact for pricing

      20,800 SF Retail Redevelopment Opportunity

      Brand-new retail redevelopment ideal for high-visibility branding.
      30318 Old Dixie Hwy, Homestead, FL 33033
      View Details
    • Contact for pricing

      Versatile Commercial Spaces in Homestead

      Customizable retail and office spaces with high visibility.
      600 NE 22Nd Ter, Homestead, FL 33033
      View Details
    • Contact for pricing

      Small Office Space For Sale

      105 SF office space in high-traffic area for sale.
      15600 SW 288Th St, Homestead, FL 33033
      View Details
    • Contact for pricing

      Established Insurance Franchise for Sale

      Successful UniVista Insurance franchise in prime location, established in 2016.
      Univista Insurance, Homestead, FL 33033
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr

      Leisure City End-Cap Retail Space

      End-cap retail space in Leisure City's only retail center.
      29345 SW 152Nd Ave, Homestead, FL 33033
      View Details
    • $6,000 /Mo

      Homestead Office Suite For Rent

      Modern 2,070 SF office suite in Homestead, Florida.
      925 NE 30Th Ter, Homestead, FL 33033
      View Details
    • Contact for pricing

      New Retail/Office Strip Center

      New retail and office spaces available for lease.
      30318 Old Dixie Hwy, Homestead, FL 33033
      View Details
    • Contact for pricing
      1,010 SF

      Office Space on Old Dixie

      Office space for rent in Homestead, Florida.
      30010 Old Dixie Hwy, Homestead, FL 33033
      View Details
    • Contact for pricing

      925 NE 30th Ter # 312, Homestead, FL 33033

      Office Units
      925 NE 30Th Ter, Homestead, FL 33033
      View Details
    • Contact for pricing

      Large Retail Space For Lease

      21,360 SF retail space in fast-growing commercial corridor.
      30348 Old Dixie Hwy, Homestead, FL 33033
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    650 22nd Ter Ste, Unit 116
    Homestead, FL 33033-4710
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    650 22nd Ter Ste, Homestead, FL, 33033
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!