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    Medical Office and Daycare Property Title is generated by Realmo AI

    999 N Krome Ave, Homestead, FL 33030

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    For Sale
    $2,850,000

    Mixed Use - Homestead, FL

    Type:Mixed Use
    Property size:
    4,800 SF
    Lot size:
    0.47 Acres
    Price / SF:
    $593/SF
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 999 N Krome Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Zoning
    6300
    Parking
    22
    Parking features
    Assigned
    Security features
    Fire Sprinkler System
    Interior features
    Fire Sprinkler System
    Standard status
    Active
    APN
    10-79-07-033-0020
    Lot size
    0.47 Acres

    Utilities

    Sewer type
    Other
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1950
    Number of units
    2
    Flooring type
    Carpet
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Norrito
    Steve Norrito

    Listing agent Steve Norrito License #0443046

    Listing office The Keyes Company 809 N Flagler Ave, Miami, FL

    Listing date Jun 3, 2026

    MLS# A12029051 Listing URL

    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

    • Approx. 4,800 SF corner property on highly traveled Krome Avenue with direct exposure and 22 parking spaces
    • Two‑unit building: ~2,500 SF permitted daycare center and ~2,300 SF physician office
    • Physician office is leased at $6,000/month with 5% annual increases and 3 years remaining; owner financing available ($800,000 down, 8% interest‑only, 30‑year amortization, balloon in 2 years)
    • Daycare space available at $7,300/month with 5% annual increases and includes $150K+ in renovations, new HVAC, and fire sprinkler system
    • Daycare includes classrooms, full kitchen, fenced play area, 2 half baths, 1 full bath, and ample storage
    • Physician office features exam rooms, break room, 2 half baths, and storage; newer roof with 40‑year inspection completed in 2021

    Overview

    This corner commercial property totals approximately 4,800 SF and includes two separate units. One unit is a +/-2,500 SF turnkey, permitted daycare center. The daycare offering includes renovations (listed as $150,000+), new HVAC, and a fire suppression or sprinkler system, along with classrooms, a full kitchen, two half baths, one full bath, a fenced play area, and ample storage. The second unit is a +/-2,300 SF physician office currently leased, with exam rooms, a break room, two half baths, and storage. Building improvements referenced include a newer roof, with a 40-year inspection completed in 2021. Parking totals 22 spaces, supported by a 1-car carport and a 1-car garage.

    The property is described as having direct exposure on Krome Avenue and is situated on a lot of 20,000+ SF.

    For tenants or buyers, the layout supports either an owner-user scenario or an income-producing setup with both a permitted childcare component and a medical office component. The physician office lease is described as being at $6,000 per month with 5% annual increases and 3 years remaining. Daycare space is also described as available for lease at $7,300 per month with 5% annual increases. Owner financing is described as available with $800,000 down, 8% interest only, amortized over 30 years with a balloon in 2 years.
    Property Profile Location Intelligence

    Current Use by Public Records

    Homestead Physical Therapy ... Physician Dmitry Sandler, DPM Physician Zambrano Pediatrics Pediatrician Dr. Camilo Zambrano Pediatrician Dr. Manuel Gomez Pediatrician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Avocado Animal Hospital — 426 N Krome Ave, Homestead, FL 33030
    • Avocado Animal Hospital (New Location) — 426 n krome ave, homestead, fl 33030
    • Veterinary Specialists Inc — 91 NE 6th St, Homestead, FL 33030
    • Florida Veterinary Center — 600 English Ave A, Homestead, FL 33030
    • Veterinary Specialists Inc: Teresa Tucci, DVM DACVO — 91 NE 6th St, Homestead, FL 33030

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.477103
    Latitude
    25.480371

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    FAQs

    What type of property is this?
    Medical Office Space - Corner property with turnkey permitted daycare and a leased physician office, plus ample parking on a ~20,000 SF lot.
    Where is this medical office space located?
    The property is located at 999 N Krome Ave Homestead, FL.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: Approx. 4,800 SF corner property on highly traveled Krome Avenue with direct exposure and 22 parking spaces; Two‑unit building: ~2,500 SF permitted daycare center and ~2,300 SF physician office; Physician office is leased at $6,000/month with 5% annual increases and 3 years remaining; owner financing available ($800,000 down, 8% interest‑only, 30‑year amortization, balloon in 2 years)
    (800) 438-3973
    We can help!
    Listing Contact
    Steve Norrito
    Steve Norrito
    Real Estate License ID: 0443046
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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