Fully Leased Shopping
For Sale
$3,000,000
1 S Krome Ave, Homestead, FL 33030
Commercial Sale, Homestead, FL
Property Size12,848 SF
Lot Size0.32 Acres
Price / SF$233.50
Days on Market75
Property Features for 1 S Krome Ave
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
6300
Subdivision
79
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
Legal 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
Tile - Ceramic, Concrete
Building materials
Block
Architectural style
Other
Listing Agency:
Keller Williams Realty Premier Properties
(305) 595-2844
Listed By:
Luis Badillo LLC · License #3068840
(305) 510-8610
Added: Jun 11
Changed: Aug 22
Last Checked: Aug 24 at 10:06AM
MLS# A12032171
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.
Investment Insights
Based on property information with market context.
This neighborhood shopping center is a block-built retail property on a corner parcel along S Krome Ave. The center is fully occupied by eleven tenants under NNN lease structures, providing an established multi-tenant configuration. Interior finishes include ceramic tile and concrete flooring, with central heating and central air conditioning. Public water serves the property, which was built in 1949.
The property is positioned on S Krome Ave in Homestead, within the city’s commercial corridor. Its corner setting places the retail center along a primary thoroughfare and near established commercial activity. The property has also completed its 40-Year Recertification.
The property is positioned on S Krome Ave in Homestead, within the city’s commercial corridor. Its corner setting places the retail center along a primary thoroughfare and near established commercial activity. The property has also completed its 40-Year Recertification.
Key Highlights
- Fully leased retail center with 11 tenants
- NNN lease structures across the tenant base
- 0.3153‑acre corner parcel on S Krome Ave
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$217,249
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,344,980
$4.3M
Cap Rate 7%
$3,103,557
$3.1M
Cap Rate 9%
$2,413,878
$2.4M
Market Conditions
NOI Build-Up for 12,848 SF
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.
Gross rent
$339.2K $26.40/SF
− Vacancy
−$28.8K −$2.24/SF
EGI
$310.4K $24.16/SF
− OpEx
−$93.1K −$7.25/SF
NOI
$217.2K $16.91/SF
Area
Miami-Dade County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,344,980
Cap Rate 7%
$3,103,557
Cap Rate 9%
$2,413,878
Alternative Uses
Best Use
Retail
$3.10M
$2.72M – $3.62M
NOI $217,249 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.52M
$5.70M – $7.60M
NOI $456,283 @ 7.0% cap · market cap 15.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,818
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33030, FL
36,776
Population
11,217
Households
3.3
Avg Household Size
33
Median Age
15%
College-Educated
61%
High-School Grad
17.6 sq mi
ZIP Area
2,090
Density / Sq Mi
$43,231
Median Household Income
$28,214
Median Earnings
$1,307
Median Rent
$382,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Eleven tenants occupy a corner retail property under NNN lease structures.
Where is this shopping center located?
The property is located at 1 S Krome Ave Homestead, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Fully leased retail center with 11 tenants; NNN lease structures across the tenant base; 0.3153‑acre corner parcel on S Krome Ave
