Fully Leased Neighborhood Retail
1 S Krome Ave, Homestead, FL 33030
New
Retail, Detached - Homestead, FL
Type:Retail
Property size:
12,848 SFLot size:
0.32 AcresPrice / SF:
$233/SF- Added:
- Jun 9, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 10 at 6:06 am
Property Features for 1 S Krome Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- 6300
- Parking features
- Other
- Security features
- Fire Sprinkler System
- Interior features
- Fire Sprinkler System
- Standard status
- Active
- APN
- 10-79-18-000-0110
- Lot size
- 0.32 Acres
Utilities
- Sewer type
- Other
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1949
- Number of units
- 11
- Flooring type
- Concrete, Tile, Tile - Ceramic
- Building materials
- Block
- Architectural style
- Other
Listing agent Luis Badillo LLC License #3068840 (305) 510-8610
Listing office Keller Williams Realty Premier Properties 11440 N. Kendall Dr. Suite 405, Miami, FL (305) 595-2844
Listing date Jun 9, 2026
MLS# A12032171
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
- Fully leased downtown Homestead retail center with 11 tenants operating under NNN lease structures
- Approximately 12,848 SF retail building on a 13,735 SF corner parcel on Krome Avenue
- Completed 40‑Year Recertification, supporting reduced near‑term capital expenditure concerns
- Central heating and central air conditioning
- Fire sprinkler system
- Construction includes block; flooring includes concrete and ceramic tile
Overview
This fully leased neighborhood retail center is configured to accommodate 11 separate tenants operating under NNN lease structures. The property is listed as a detached retail offering totaling approximately 12,848 square feet, situated on a 13,735-square-foot corner parcel. The asset is reported to be 100% occupied. The building has also completed its 40-Year Recertification, which may help reduce near-term capital expenditure planning concerns associated with structural certification.
Located in downtown Homestead along Krome Avenue, the property is positioned within the area’s commercial corridor. The site’s corner placement supports straightforward access and visibility from the primary retail thoroughfare. The listing describes the surrounding area as home to established businesses supporting steady neighborhood retail activity.
For investors or buyers seeking a retail asset with diversified tenant participation, this property provides immediate occupancy across multiple tenants rather than relying on future leasing. With the stated 40-Year Recertification completed and the center already operating at full occupancy under NNN terms, it may appeal to those looking for a turnkey retail investment aligned with a stabilized operating profile. The property is offered for sale, and it carries zoning code 6300 as provided in the listing information.
Located in downtown Homestead along Krome Avenue, the property is positioned within the area’s commercial corridor. The site’s corner placement supports straightforward access and visibility from the primary retail thoroughfare. The listing describes the surrounding area as home to established businesses supporting steady neighborhood retail activity.
For investors or buyers seeking a retail asset with diversified tenant participation, this property provides immediate occupancy across multiple tenants rather than relying on future leasing. With the stated 40-Year Recertification completed and the center already operating at full occupancy under NNN terms, it may appeal to those looking for a turnkey retail investment aligned with a stabilized operating profile. The property is offered for sale, and it carries zoning code 6300 as provided in the listing information.
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 |
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 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 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
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Retail center on a corner parcel with 11 tenants in NNN structures, offering immediate occupancy for buyers.
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 retail center with 11 tenants operating under NNN lease structures; Approximately 12,848 SF retail building on a 13,735 SF corner parcel on Krome Avenue; Completed 40‑Year Recertification, supporting reduced near‑term capital expenditure concerns
