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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Office buildings
7 21st St Homestead, FL 33030-3226
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4678964
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1950
Construction
CONCRETE
Total area
1,998 SF
Lot
0.52 ac (22,856 SF)
Zoning code
6900:SEMI PROFESS OFFICE
APN
30-7812-017-0030
UPID
US18-4678964
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
-
Bishop Realty Associates Real Estate Agency
-
George Luce Real Estate Real Estate Agency
-
Cecilia Douglas, Bishop Realty Associates Real Estate Agency
-
Chris Sainosa, Real Estate Agent Real Estate Agency
-
Amy Mitchell, Realtor - Bishop Mitchell Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$402k
Blend (final)
Blend
$515k
Owner & transaction history
Amy Aletha Mitchell · 3 yrs held
Amy Aletha Mitchell
since 2023
Last sale
$500,000
5 recorded transactions
Zoning & alternative use
6900:SEMI PROFESS OFFICE · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$670,000
+7.4%
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
$610,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$620,000
Current use
COMMERCIAL (GENERAL)
$670,000
Change: +7% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$575,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $500k (Mar 22 2023)
Last sale anchor
$500k
Mar 22 2023
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
$258 / 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
$4,175
Tax year 2023
Assessed value
$244,795
Assessed 2023
Previous assessed
$244,820
0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$159,992
Assessed improvement
$84,803
Land market value
$159,992
Improvement market value
$84,803
Total market value
$244,795
Applied tax rate
3,000.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1950
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
2
Total area
1,998 SF
Lot
0.52 ac (22,856 SF)
Zoning code
6900:SEMI PROFESS OFFICE
APN
30-7812-017-0030
UPID
US18-4678964
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6900:SEMI PROFESS OFFICE · Homestead, FL
Zoning 6900:SEMI PROFESS OFFICE · permitted uses
6900:SEMI PROFESS OFFICE · 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
OFFICE BUILDING Current
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$670,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$575,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1950
Construction
CONCRETE
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Amy Aletha Mitchell
Individual
Mailing address
7 NW 21ST ST, HOMESTEAD, FL 33030-3226
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2023
$500,000
Amy Aletha Mitchell
Clinton James Bishop JR
Warranty Deed
$195,091 · Clinton Bishop
Jul 1, 2020
—
Clinton J Bishop JR
—
Deed
related
$100,000 · Centerstate Bk NA
—
—
Clinton J Bishop
—
Deed Of Trust
related
$200,000 · Community Bank Of Florida
—
—
Clinton J Bishop JR
—
Loan Modification
related
$100,000 · Centerstate Bk NA
—
—
Clinton J Bishop JR.
—
Deed Of Trust
related
$200,000 · Community Bank Of Florida
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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