Fully Leased Retail
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 Market118
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
Concrete, Tile - Ceramic
Building materials
CBS (Concrete Block Structure), 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 30
Changed: Oct 22
Last Checked: Oct 25 at 11:06AM
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.
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Investment Insights
Based on property information with market context.
This Homestead retail center contains approximately 12,848 square feet on a 13,735-square-foot corner parcel. Eleven tenants occupy the property, with leases structured on an NNN basis. The building completed its 40-Year Recertification. Constructed in 1949, it has central heating and central air, with ceramic tile and concrete flooring.
The property fronts Krome Avenue in downtown Homestead’s commercial corridor. Established businesses and residential and commercial development are present in the surrounding area.
The property fronts Krome Avenue in downtown Homestead’s commercial corridor. Established businesses and residential and commercial development are present in the surrounding area.
Key Highlights
- Approximately 12,848 square feet of retail space
- Eleven tenants occupy the center under NNN lease structures
- 13,735‑square‑foot corner parcel; 0.3153 acres
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Eri Kitchen and Bath Remodeling Granite & Stone Countertops & Cabinets — 9 NW 12th St, Florida City, FL 33034
- Homestead Station — 4 S Krome Ave, Homestead, FL 33030
- Pioneer center — SE 4th Rd, Homestead, FL 33030
- South Dade Properties — 110-118 N Homestead Blvd, Homestead, FL 33030
- PIONEER MALL — 224 Washington Ave, Homestead, FL 33030
Frequently Asked Questions
What type of property is this?
Shopping center - Eleven occupants operate under NNN lease structures in this neighborhood shopping property.
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: Approximately 12,848 square feet of retail space; Eleven tenants occupy the center under NNN lease structures; 13,735‑square‑foot corner parcel; 0.3153 acres
