Downtown Homestead Beauty
For Sale
$3,000,000
1 S Krome Ave, Homestead, FL 33030
Turnkey beauty salon in a landmark historical building for sale.
Property Size12,848 SF
Days on Market321
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Property Features for 1 S Krome Ave
General Information
Standard status
Active
Size
12,848 SF
Zoning
6300
Amenities
Central Air
Central
Common, Other
Detached
Building Details
Building Size
12,848 SF
Year Built
1949
Buildings
2
Stories
1
Listing Agency:
Keller Williams Realty Premier Properties
Listed By:
Luis Badillo LLC
(305) 510-8610
Source:
Evrealestate
Added: Nov 28, 2025
Changed: Oct 14
Last Checked: Oct 14 at 11:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Premier Properties
Investment Insights
Based on property information with market context.
A beauty salon located in a landmark historical building in Downtown Homestead is available for sale after 12 years. The salon includes a surveillance system, four stations with desks, mirrors, salon chairs, a hair washing station with chair, and a hair blowdryer with chair. It also features a dinette area with a fridge and microwave, a storage room, and a handicap bathroom with a sink and toilet. The waiting area includes seating furniture and a picture opportunity backdrop. The building has a new roof and includes a large outdoor event patio covered by an awning, available for free use. The property is near the Homestead station, Historic Townhall, Seminole Theater, Hooky Entertainment Theater, a new Market Place, and various restaurants. This is a turnkey opportunity.
Key Highlights
- Turnkey beauty salon opportunity ready for immediate operation.
- Prime downtown Homestead location in a landmark historical building.
- Includes essential salon equipment: 4 stations, washing station, hairdryer, etc.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$217,249
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,818
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Turnkey beauty salon in a landmark historical building for sale.
Where is this retail space 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: Turnkey beauty salon opportunity ready for immediate operation.; Prime downtown Homestead location in a landmark historical building.; Includes essential salon equipment: **4 stations, washing station, hairdryer, etc.**
