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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Warehouses
729 Krome Ave Homestead, FL 33030-7211
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1909451
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
LIGHT FRAME
Total area
5,000 SF
Lot
0.29 ac (12,500 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
10-7918-007-0050
UPID
US18-1909451
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.69M
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.42M
Owner & transaction history
727 & 729 Krome Ave LLC · 4 yrs held
727 & 729 Krome Ave LLC
since 2021
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.2M
+105.3%
Commercial (general)
$1.7M
+56.3%
Office building
$1.6M
+45.5%
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
$1,810,000
ML approach
$1,685,000
CAP Approach
CAP Return
Estimation
6%
$1,090,000
6.5%
$1,010,000
7%
$935,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,070,000
Current use
MEDICAL BUILDING
$2,195,000
Change: +105% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,670,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$1,555,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,435,000
Change: +34% · Conversion: Moderate
RETAIL STORES
$1,060,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10% · vs last sale $1.45M (Jul 20 2021)
Last sale anchor
$1.45M
Jul 20 2021
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
$284 / 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
$8,334
Tax year 2023
Assessed value
$573,250
Assessed 2023
Previous assessed
$350,500
+63.6% YoY
Effective rate
1.45%
On assessed value
Assessed land
$400,000
Assessed improvement
$173,250
Land market value
$400,000
Improvement market value
$173,250
Total market value
$573,250
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
1999
Construction
LIGHT FRAME
Heating
NONE
Stories
1
Total area
5,000 SF
Lot
0.29 ac (12,500 SF)
Zoning code
6200:COMMERCIAL,ARTERIAL
APN
10-7918-007-0050
UPID
US18-1909451
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6200:COMMERCIAL,ARTERIAL · Homestead, FL
Zoning 6200:COMMERCIAL,ARTERIAL · permitted uses
6200:COMMERCIAL,ARTERIAL · 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
$1.1M
MEDICAL BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
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
1999
Construction
LIGHT FRAME
Heating
NONE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
727 & 729 Krome Ave LLC
Entity
Mailing address
1190 NW 159TH DR, MIAMI GARDENS, FL 33169-5808
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jul 20, 2021
$1,450,000
727 & 729 Krome Ave LLC
L & H Property Holdings INC
Warranty Deed
$1,160,000 · Regions Bank
Sep 17, 2010
—
William P Crowley JR.
Bc & C Properties INC
Quit Claim Deed
related
—
Sep 17, 2010
$730,000
L & H Property Holdings INC
Crowley,william P JR & Robin S
Warranty Deed
related
$365,000 · William P JR & Robin S Crowley
—
—
L & H Property Holdings INC
—
Deed Of Trust
related
$100,000 · Biscayne Bank
—
—
L & H Property Holdings INC
—
Deed Of Trust
related
$400,000 · Biscayne Bank
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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