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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Outlet malls
916 Flagler Ave Homestead, FL 33030-4959
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-7611031
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1955
Construction
CONCRETE
Total area
5,250 SF
Lot
0.26 ac (11,520 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
10-7907-026-0060
UPID
US18-7611031
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
-
Om-stead Yoga Community Gym & Fitness Center
-
Galata Inc Social Service Agency Charitable Organization
-
Ministerio Bethania Casa De Dios Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
$1.37M
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.65M
Owner & transaction history
Walter JR & Nikole Inversiones LLC · 1 yrs held
Walter JR & Nikole Inversiones LLC
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.3M
+106.9%
Commercial (general)
$1.8M
+57.5%
Office building
$1.6M
+46.6%
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
$1,650,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
$1,480,000
6.5%
$1,365,000
7%
$1,270,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,115,000
Current use
MEDICAL BUILDING
$2,305,000
Change: +107% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,755,000
Change: +58% · Conversion: Easy
OFFICE BUILDING
$1,635,000
Change: +47% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,505,000
Change: +35% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,125,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.65M (Aug 9 2024)
Last sale anchor
$1.65M
Aug 9 2024
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
$314 / 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
$12,810
Tax year 2023
Assessed value
$736,000
Assessed 2023
Previous assessed
$736,000
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$146,880
Assessed improvement
$589,120
Land market value
$146,880
Improvement market value
$589,120
Total market value
$736,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1955
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
5,250 SF
Lot
0.26 ac (11,520 SF)
Zoning code
6600:COMMERCIAL,LIBERAL
APN
10-7907-026-0060
UPID
US18-7611031
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Homestead, FL
Zoning 6600:COMMERCIAL,LIBERAL · permitted uses
6600:COMMERCIAL,LIBERAL · 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
RETAIL STORES Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.1M
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1955
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Walter JR & Nikole Inversiones LLC
Entity
Mailing address
13552 SW 119TH TER, MIAMI, FL 33186-4552
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2024
$1,650,000
Walter JR & Nikole Inversiones LLC
Prebus LLC
Warranty Deed
—
Nov 4, 2016
$270,375
Prebus LLC
Luxury Bayside Dev Group Corp
Warranty Deed
—
Oct 9, 2014
$300,000
Luxury Bayside Dev Group Corp
Regions Bk
Grant Deed
$240,000 · Benworth Cap Ptrs
Mar 7, 2014
$100
Regions Bk
Galata INC Coc
Trustees Deed
related
—
Jan 15, 2008
—
Joseph Louis
—
Trustees Deed
related
$120,000 · Gil Valme
Jan 26, 2007
$591,000
Galata INC
Zeelandia Music INC
Corporation Deed
$442,230 · 1st National Bank Of South Florida
May 14, 2003
$271,000
Zeelandia Music INC
Cabrera,efrain
Quit Claim Deed
related
$302,451 · Bank Of America
Jul 11, 2001
$330,000
Efrain Cabrera
Mander Trust
Grant Deed
$280,000 · Coldwell Banker Bishop Realty
Dec 4, 1997
$270,000
Lynnie Mander
Nicholas,william J & Jean B
Grant Deed
—
—
—
William J Nichols
—
Deed Of Trust
related
$200,000 · Eurobank
—
—
Zeelandia Music INC
—
Deed Of Trust
related
$192,100 · Bank Of America
—
—
Galata INC
—
Deed Of Trust
related
$531,000 · Community Dev Transportation L
—
—
Galata INC
—
Deed Of Trust
related
$30,000 · Florida Community Loan Fund
—
—
Galata INC
—
Deed Of Trust
related
$355,000 · Regions 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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