1 S Krome Ave, Homestead, FL 33030
Fully occupied retail center on NNN leases, offering a diversified tenant mix for steady operations.
- Added:
- Jun 12, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 13 at 3:07 am
Property Features for 1 S Krome Ave
General Information
- Standard status
- Active
- Size
- 12,848 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1949
Listing agent Vladimir Golik License #0382438,FLORIDA (305) 431-2785
Listing office Keller Williams Realty Premier Properties | Miami (305) 431-2785
Listing date Jun 12, 2026
Source Elliman
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 | Miami
HighLights
- Approximately 12,848 SF retail center on a 13,735 SF corner parcel
- Fully leased and 100% occupied by 11 tenants on NNN lease structures
- Diversified tenant mix across multiple neighborhood retail operators
- Building completed its 40‑Year Recertification (reducing near‑term capital expenditure concerns)
- Year built: 1949
- Located on highly visible Krome Avenue in downtown Homestead commercial corridor
Overview
Located on highly visible Krome Avenue in the heart of Homestead’s commercial corridor, the center benefits from frontage on a primary thoroughfare. The property sits at a corner location, providing added presence within a well-established retail area serving the surrounding residential and commercial base.
For investors or buyers seeking an income-producing asset with existing tenancy, the fully leased occupancy and NNN structure provide immediate stability. With eleven tenants already in place under NNN arrangements, the tenant mix is diversified within a neighborhood retail format designed for ongoing local demand.
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
