Historic Office and Medical
97 NE 15th St Homestead, FL 33030
For Sale
$2,299,998
Pending
SINGLE_FAMILY - Homestead, FL
Property Size2,769 SF
Lot Size0.37 Acres
Days on Market50
Property Features for 97 NE 15th St
General Information
Property type
Residential
Property subtype
Office
Standard status
Pending
APN
10-79-07-021-0560
Lot size
0.37 Acres
Taxes and HOA fees
Tax Description
DOWNER PALMS DIV NO 1 PB 14-27 LOTS 5 & 6 BLK 15 LOT SIZE 120.000 X 135 OR 20855-3639 1002 1
Tax Annual Amount
8190
Building Details
Year built
1925
Listing Agency:
The Keyes Company
(305) 247-7221
Listed By:
George Reyes · License #3382387
(305) 986-4747
Added: Jun 11
Changed: Jun 30
Last Checked: Jul 30 at 5:06AM
MLS# A11854184
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.
Built in 1925, this historic corner building features Spanish Mission Revival architecture and offers 2,769 SF of office and medical space. The property has been completely improved and renovated, including upgraded electrical and plumbing systems, new flooring, new A/C units with ductwork, remodeled bathrooms, and new lighting. Additional exterior and life-safety improvements include hurricane shutters and signage.
Located in Homestead, Florida on a 16,200 SF corner lot, the building is positioned for visibility with traffic exposure. The site includes ample parking to support patient and client access. The property is also described as having a completed recertification.
Zoned B-1 A, the space is suited for a range of professional and commercial business uses, including office and medical applications. With its renovated interior systems and updated building components, it presents as a turnkey option for tenants seeking an established, high-profile office or medical location with on-site parking and readiness for occupancy.
Located in Homestead, Florida on a 16,200 SF corner lot, the building is positioned for visibility with traffic exposure. The site includes ample parking to support patient and client access. The property is also described as having a completed recertification.
Zoned B-1 A, the space is suited for a range of professional and commercial business uses, including office and medical applications. With its renovated interior systems and updated building components, it presents as a turnkey option for tenants seeking an established, high-profile office or medical location with on-site parking and readiness for occupancy.
Key Highlights
- Completely renovated with upgraded electrical, plumbing, flooring, new A/C units and ductwork, remodeled bathrooms, new lighting, signage, and hurricane shutters.
- B‑1 A zoning supports a range of commercial business uses.
- Located on a 16,200 SF corner lot with excellent visibility and high traffic exposure.
Financial Insights For Office B
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 | $126.3k | $45.60 |
| − Vacancy | −$28.4k | −$10.26 |
| EGI | $97.9k | $35.34 |
| − OpEx | −$24.5k | −$8.84 |
| NOI | $73.4k | $26.51 |
2,769 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.05M
$917.4K – $1.22M
NOI $73,392 @ 7.0% cap · market cap 3.19%
Second Best
Healthcare Medical
$521.2K
$456.1K – $608.1K
NOI $36,484 @ 7.0% cap · market cap 1.59%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,338 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Renovated 1925 Spanish Mission Revival office and medical building on a corner lot with ample parking and B-1 A zoning.
Where is this office building located?
The property is located at 97 NE 15th St Homestead, FL.
What is the asking price?
The asking price for this property is $2,299,998.
What are key features of this property?
This property features: Completely renovated with upgraded electrical, plumbing, flooring, new A/C units and ductwork, remodeled bathrooms, new lighting, signage, and hurricane shutters.; B‑1 A zoning supports a range of commercial business uses.; Located on a 16,200 SF corner lot with excellent visibility and high traffic exposure.
