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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Warehouses
701 Homestead Blvd Homestead, FL 33030-7305
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-2171573
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
CONCRETE
Total area
6,213 SF
Lot
2.3 ac (100,340 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
10-7918-000-0083
UPID
US18-2171573
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
-
CubeSmart Self Storage Storage Facility
-
B & S group home care Hotel & Motel Vacation Rental
-
Record Nations Storage Facility
-
jimmy jean insurance Insurance Agency
-
ATProclean Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.29M
Owner & transaction history
Ps Florida One LLC
Ps Florida One LLC
since 2025
7 recorded transactions
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+56.3%
Office building
$1.9M
+45.5%
Neighborhood: shopping center
$1.8M
+34.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,355,000
6.5%
$1,255,000
7%
$1,165,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,330,000
Current use
COMMERCIAL (GENERAL)
$2,075,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$1,935,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,785,000
Change: +34% · Conversion: Moderate
RETAIL STORES
$1,320,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10%
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
$207 / 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
$104,249
Tax year 2023
Assessed value
$6,433,000
Assessed 2023
Previous assessed
$4,768,000
+34.9% YoY
Effective rate
1.62%
On assessed value
Assessed land
$1,505,100
Assessed improvement
$4,927,900
Land market value
$1,505,100
Improvement market value
$4,927,900
Total market value
$6,433,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
6
Stories
2
Total area
6,213 SF
Lot
2.3 ac (100,340 SF)
Zoning code
6500:COMMERCIAL,CLASSIF
APN
10-7918-000-0083
UPID
US18-2171573
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6500:COMMERCIAL,CLASSIF · Homestead, FL
Zoning 6500:COMMERCIAL,CLASSIF · permitted uses
6500:COMMERCIAL,CLASSIF · 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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1986
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
6
Lot
2.3 ac
Current owner
From public records · entity-resolved
Ps Florida One LLC
Entity
Mailing address
375 PARK AVE #11, NEW YORK, NY 10152-3804
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2025
$7,000,000
Ps Florida One LLC
Mhc 176 Fl Ma LLC
Special Warranty Deed
—
Mar 18, 2022
—
Mhc 176 Fl Ma LLC
—
Deed
related
$100,000,000 · Goldman Sachs Bank USA
Jan 19, 2022
—
Mhc Reit I Owner LLC
Mhc 90 LLC
Warranty Deed
—
Aug 21, 2020
—
Mhc 90 Florida LLC
Mhc 3 Orlando Fl LLC
Warranty Deed
$323,850 · Jpmorgan Chase Bank NA
Apr 10, 2020
$3,990,000
Mhc 3 (orlando Fl) LLC
Storage Property I LLC
Special Warranty Deed
$63,584,000 · Jpmorgan Chase Bank NA
Nov 19, 2013
$2,750,000
Storage Property I LLC
Homestead Us 1 Self Storage Ll
Warranty Deed
—
Sep 15, 2009
$1,312,500
Homestead Us 1 Self Storage LLC
American National Self Storage INC
Warranty Deed
$1,225,000 · Tib Bank
—
—
Storage Property I LLC
—
Deed Of Trust
related
$2,100,000 · Fcre Rel LLC
—
—
Storage Property I LLC
—
Deed Of Trust
related
$2,100,000 · Fcre Rel LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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