Fully Leased Neighborhood Retail
1 S Krome Ave Homestead, FL 33030
For Sale
$3,000,000
SINGLE_FAMILY - Other - Homestead, FL
Property Size12,848 SF
Lot Size0.32 Acres
Price / SF$233.50
Days on Market45
Property Features for 1 S Krome Ave
General Information
- Property type
- Residential
- Property subtype
- Retail
- 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
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
- 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 11
Changed: Jun 30
Last Checked: Jul 25 at 2:06PM
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.
Investment Insights
Based on property information with market context.
This fully leased neighborhood retail center totals approximately 12,848 square feet and sits on a 13,735-square-foot corner parcel. The property is 100% occupied by eleven tenants operating under NNN lease structures. The building has completed its 40-Year Recertification, which supports continued ownership readiness.
Located in downtown Homestead along Krome Avenue, the property benefits from a highly visible placement within the area’s commercial corridor. Its corner configuration provides prominent frontage to one of the primary thoroughfares serving the Homestead market within Miami-Dade County.
For investors and operators looking for a retail asset with current occupancy, this center offers a diversified tenant setup with all spaces under NNN lease terms. The existing mix of tenants provides an immediately leased structure for underwriting, while the completed 40-Year Recertification adds an important building compliance milestone to the ownership profile.
Located in downtown Homestead along Krome Avenue, the property benefits from a highly visible placement within the area’s commercial corridor. Its corner configuration provides prominent frontage to one of the primary thoroughfares serving the Homestead market within Miami-Dade County.
For investors and operators looking for a retail asset with current occupancy, this center offers a diversified tenant setup with all spaces under NNN lease terms. The existing mix of tenants provides an immediately leased structure for underwriting, while the completed 40-Year Recertification adds an important building compliance milestone to the ownership profile.
Key Highlights
- Fully leased downtown Homestead neighborhood retail center with 11 tenants operating under NNN lease structures
- ~12,848 SF retail building on a 13,735 SF corner parcel along highly visible Krome Avenue
- Property is 100% occupied with a diversified tenant mix
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 |
12,848 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Homestead Appliance Repair
Home Appliance Store
Plantón asset
Corporate Office
MVRT Inc
General Contractor
C & R Milling ...
General Contractor
Similar Off Market 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
FAQs
What type of property is this?
Shopping center - Corner retail center on Krome Avenue with 11 tenants occupying space under NNN lease structures.
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: Fully leased downtown Homestead neighborhood retail center with 11 tenants operating under NNN lease structures; ~12,848 SF retail building on a 13,735 SF corner parcel along highly visible Krome Avenue; Property is 100% occupied with a diversified tenant mix
