1 S Krome Ave, Homestead, FL 33030
SINGLE_FAMILY - Other - Homestead, FL
- Added:
- Jun 11, 2026
- Days on Market:
- 29
- Last Refresh:
- Jul 9 at 4:06 am
Property Features for 1 S Krome Ave
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- 10-79-18-000-0110
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Description
- 18 57 39 0.25 AC S100FT OF N130FT OF SW1/4 LYING NW OF FEC R/W LESS W35FT LOT SIZE 100.000 X 109 OR 18201-1285 0798 3
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1949
- Floors in Building
- 1
- Number of units
- 11
- Flooring type
- Concrete, Tile - Ceramic
- Building materials
- Block
- Architectural style
- Other
Listing agent Luis Badillo LLC License #3068840 (305) 510-8610
Listing office Keller Williams Realty Premier Properties 11440 N Kendall Dr. Suite 405, Miami, FL (305) 595-2844
Listing date Jun 11, 2026
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully leased downtown Homestead neighborhood retail center with 11 tenants operating under NNN lease structures
- ~12,848 SF retail building on a 13,735 SF corner parcel along highly visible Krome Avenue
- Property is 100% occupied with a diversified tenant mix
- Completed 40‑Year Recertification, noted as reducing near‑term capital expenditure concerns
- Construction materials include block; flooring includes concrete and ceramic tile
- Central heating and central air; water source is public
Overview
Located in downtown Homestead along Krome Avenue, the property benefits from a highly visible placement within the area’s commercial corridor. Its corner configuration provides prominent frontage to one of the primary thoroughfares serving the Homestead market within Miami-Dade County.
For investors and operators looking for a retail asset with current occupancy, this center offers a diversified tenant setup with all spaces under NNN lease terms. The existing mix of tenants provides an immediately leased structure for underwriting, while the completed 40-Year Recertification adds an important building compliance milestone to the ownership profile.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $339.2k | $26.40 |
| − Vacancy | −$28.8k | −$2.24 |
| EGI | $310.4k | $24.16 |
| − OpEx | −$93.1k | −$7.25 |
| NOI | $217.2k | $16.91 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- PIONEER MALL — 224 Washington Ave, Homestead, FL 33030
- Pioneer center — SE 4th Rd, Homestead, FL 33030
- Eri Kitchen and Bath Remodeling Granite & Stone Countertops & Cabinets — 9 NW 12th St, Florida City, FL 33034
- South Dade Properties — 110-118 N Homestead Blvd, Homestead, FL 33030
- Homestead Station — 4 S Krome Ave, Homestead, FL 33030
Location Insight
- Map
- Local Demand
- City
- Homestead
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.477069
- Latitude
- 25.469638
