Office Units with Conference
123 N Krome Ave #201, Homestead, FL 33030
For Sale
New
Contact for pricing
Downtown offices offer shared conference-room access and a private parking lot.
Property Size5,817 SF
Price / SF$0.11
Days on Market5
Property Features for 123 N Krome Ave #201
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Property Use
Amenities
conference room
0.07748 acres
Parcel Number: 10-79-18-006-0080, Public Survey Range: 79, Public Survey Section: 18, Public Survey Township: 79, Annual Amount: $10,491, Legal Description: COMMERCE ADDITION PB 2-97 LOT 15 BLK 1 LOT SIZE 25.000 X 135 OR 21103-1711 0303 1, Zoning: 6300
Listing ID: A12116720, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-11-02, Special Conditions: Lease
Built in 1920, Living area: 5817, Living area units: Square Feet
County/Parish: Miami-Dade County
Leasable area: 353, Leasable area units: Square Feet
Building Details
Year Built
Listing Agency:
Realty World Executive Homes
(305) 251-4044
Listed By:
Lydia Iglesias · License #3316529
(786) 512-4897
Source:
Riserealty
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 10:03AM
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 Realty World Executive Homes
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,817-square-foot office property was built in 1920. A conference room on each floor is available for tenant use, and the site includes a private parking lot with 10 spaces on a first-come, first-served basis. Utilities are included in the rent.
The property is in downtown Homestead, within walking distance of City Hall and across from the Police Building.
The property is in downtown Homestead, within walking distance of City Hall and across from the Police Building.
Key Highlights
- 5,817‑square‑foot office property built in 1920
- One conference room on each floor for tenant use
- Private parking lot with 10 spaces, available first come, first served
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$154,180
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,083,600
$3.1M
Cap Rate 7%
$2,202,571
$2.2M
Cap Rate 9%
$1,713,111
$1.7M
Market Conditions
NOI Build-Up for 5,817 SF
Gross rent
$265.3K $45.60/SF
− Vacancy
−$59.7K −$10.26/SF
EGI
$205.6K $35.34/SF
− OpEx
−$51.4K −$8.84/SF
NOI
$154.2K $26.51/SF
Area
Miami-Dade County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,083,600
Cap Rate 7%
$2,202,571
Cap Rate 9%
$1,713,111
Alternative Uses
Best Use
Office B
$2.20M
$1.93M – $2.57M
NOI $154,180 @ 7.0% cap · market cap 23,720.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,585 @ 7.0% cap · market cap 31,782.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,133
Businesses Nearby
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
$382,200
Median Home Value
Market
Average Price Trend$/SF for Office Units in Miami-Dade County, FL
Properties on Market for Office Units in Miami-Dade County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Downtown offices offer shared conference-room access and a private parking lot.
Where is this office unit located?
The property is located at 123 N Krome Ave #201 Homestead, FL.
What are key features of this property?
This property features: 5,817‑square‑foot office property built in 1920; One conference room on each floor for tenant use; Private parking lot with 10 spaces, available first come, first served
