Downtown Homestead Retail
137 N Krome Ave Homestead, FL 33030
For Sale
$1,675,000
6,667 SF retail building in Historic Downtown Homestead.
Property Size6,667 SF
Price / SF$251.24
Days on Market241
Property Features for 137 N Krome Ave
General Information
- Standard status
- Active
- Size
- 6,667 SF
- Property subtype
- Retail
Listing Agency:
(305) 490-6526
Listed By:
Matthew Rotolante, SIOR, CCIM · License ##BK3531036
(305) 490-6526
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Jul 6
Last Checked: Jul 25 at 3:32AM
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 Matthew Rotolante, SIOR, CCIM
Investment Insights
Based on property information with market context.
Located in the heart of Homestead’s Historic Downtown District, this 6,667-square-foot retail building is an exceptional opportunity. The property sits on a hard, signalized corner at N Krome Ave and NE 2nd Street, offering 65 feet of frontage on a main thoroughfare with a daily traffic count of 19,400 AADT. The building is zoned B-1, making it suitable for a variety of retail and mixed-use applications. The building is currently split into two separate units of 3,334 sf each with their own separate access and frontage. Situated steps from Homestead City Hall, Miami-Dade Busway transit stations, Losner Park, and the renovated Seminole Theater, this property is at the center of a downtown revitalization effort. The area is undergoing significant redevelopment, including a new transportation and retail hub, entertainment venues, and residential projects. With proximity to US-1 and Florida’s Turnpike, the property is positioned for businesses seeking high exposure. The property benefits from its proximity to Homestead City Hall, Seminole Theater, Homestead Station, and Showbiz Cinemas. Street parking is available, and there is easy public transportation access.
Key Highlights
- Prime location on a hard, signalized corner in Homestead's Historic Downtown District.
- High visibility with 65 feet of frontage on N Krome Ave and a daily traffic count of 19,400 AADT.
- Zoned B‑1, suitable for a variety of retail and mixed‑use applications.
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 | $176.0k | $26.40 |
| − Vacancy | −$15.0k | −$2.24 |
| EGI | $161.0k | $24.16 |
| − OpEx | −$48.3k | −$7.25 |
| NOI | $112.7k | $16.91 |
6,667 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,734 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.38M
$2.96M – $3.95M
NOI $236,772 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Zl Ip LLC
Restaurant
FAQs
What type of property is this?
Retail space - 6,667 SF retail building in Historic Downtown Homestead.
Where is this retail space located?
The property is located at 137 N Krome Ave Homestead, FL.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Prime location on a hard, signalized corner in Homestead's Historic Downtown District.; High visibility with 65 feet of frontage on N Krome Ave and a daily traffic count of 19,400 AADT.; Zoned B‑1, suitable for a variety of retail and mixed‑use applications.
