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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    720 6Th St Homestead, FL 33030

    • Small apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9890719
    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.

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 720 6Th St

    Year built
    1966
    Property type
    Small apartment buildings

    Description

    This charming 1-story, 1966-built duplex in Homestead, Florida, presents a fantastic investment opportunity. Located at 720 SW 6th St, 33030, Miami-Dade County, this property boasts two units, each featuring two bedrooms and one bathroom. Each unit includes a family room, kitchen, and a private patio. The property also offers convenient two-car parking. This is a well-maintained duplex ideal for generating rental income. The asking price is $425,000. Note that this is one of four similar duplexes currently available for sale in the area. The property's location in Homestead offers easy access to local amenities and transportation. The solid construction and desirable features make this a strong addition to any investment portfolio. This is a turnkey opportunity for immediate income generation. Serious inquiries are encouraged to explore this promising investment prospect further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.4872039
    Latitude
    25.4641109

    Comparable in this City

    • $659,000

      Homestead Duplex: Prime Investment

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      634 7Th St, Homestead, FL 33030
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    • $1,420,000

      Homestead Multifamily Investment Opportunity

      Six-unit multifamily property in prime downtown Homestead location.
      186 NW 1St St, Homestead, FL 33030
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    • $889,990

      Homestead Triplex: Turnkey Investment Property

      Fully rented triplex in Homestead with income potential.
      147 NE 9Th St, Homestead, FL 33030
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    • $479,900

      Spacious Duplex in Homestead

      Duplex with two units, each featuring two beds and one bath.
      1140 NW 9Th St, Homestead, FL 33030
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    • $195,000

      Homestead Multifamily Investment Opportunity

      Two lots, 8000 sq ft, prime Homestead location.
      0 6Th Ct, Homestead, FL 33030
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    • $395,000
      2,474 SF

      Homestead Church - Prime Location

      2,474 SF Church, $395,000
      655 5Th St, Homestead, FL 33030
      View Details

    Similar Nearby for Sale

    • $659,000

      Homestead Duplex: Prime Investment

      Brand-new, 2-unit duplex, high ROI.
      634 7Th St, Homestead, FL 33030
      View Details
    • $1,420,000

      Homestead Multifamily Investment Opportunity

      Six-unit multifamily property in prime downtown Homestead location.
      186 NW 1St St, Homestead, FL 33030
      View Details
    • $889,990

      Homestead Triplex: Turnkey Investment Property

      Fully rented triplex in Homestead with income potential.
      147 NE 9Th St, Homestead, FL 33030
      View Details
    • $479,900

      Spacious Duplex in Homestead

      Duplex with two units, each featuring two beds and one bath.
      1140 NW 9Th St, Homestead, FL 33030
      View Details
    • $195,000

      Homestead Multifamily Investment Opportunity

      Two lots, 8000 sq ft, prime Homestead location.
      0 6Th Ct, Homestead, FL 33030
      View Details
    • $395,000
      2,474 SF

      Homestead Church - Prime Location

      2,474 SF Church, $395,000
      655 5Th St, Homestead, FL 33030
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo

      Renovated One-Bedroom Apartment For Rent

      Updated one-bedroom apartment with included utilities in convenient location.
      17 NE 2Nd Rd, Homestead, FL 33030
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    • $1,550 /Mo

      Remodeled One-Bedroom Apartment For Rent

      Remodeled one-bedroom apartment in a fourplex building, ready for move-in.
      832 NE 5Th Ave, Homestead, FL 33030
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    • $4,061 /Mo
      1,034 SF

      Homestead Warehouse - Great Location

      1,034 sq ft Warehouse, Office, Yard
      240 6Th Ave, Homestead, FL 33030
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    • $14 SF/Yr
      3,498 SF

      Krome Ave Retail Space Available

      High-traffic location, two units available.
      112 Krome Ave, Homestead, FL 33030
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    • $19 SF/Yr
      2,474 SF

      Homestead Office Space - 2474 sq ft

      Prime Homestead office, single tenant, fully equipped.
      655 5Th St, Homestead, FL 33030
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    • $20 SF/Yr
      16 SF

      New Warehouse Facility in Homestead

      16,153 SF warehouse with office space, completion December 2024.
      146 SW 2Nd St, Homestead, FL 33030
      View Details
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    720 6Th St
    Homestead, FL 33030
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    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
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