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Property profile & analytics
OFF-MARKET Estimated value $620,000
Retail residential properties

317 Krome Ave Homestead, FL 33030-6057

2,932 SF 0.14 ac lot Built 1939
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US18-1864068
Property summary
AI-generated overview

This exceptional mixed-use property in Downtown Homestead, Florida, offers 6,228 square feet across two parcels totaling 9,160 square feet. Located on N Krome Ave, it benefits from high visibility and accessibility, attracting both pedestrian and vehicular traffic. The property's Class C designation reflects its potential for renovation and value enhancement. Its strategic location places it within easy reach of key amenities, including Losnor Park, the Seminole Theatre, Homestead Police Headquarters, Homestead Town Hall, and the new Homestead Station Shopping Mall, which features major retailers, dining, and entertainment options such as ShowBiz Cinemas, a bowling alley, and a cybrarium, along with a seven-level public parking garage. The property is also conveniently situated just 1.5 miles from US-1 and the Florida Turnpike on and off-ramps, ensuring excellent connectivity. On-street parking and parking behind the units are available. The asking price is $1,850,000, translating to $297.05 per square foot. The 0.31-acre lot (APN: 10-7918-006-0200, 10-7918-006-0210) presents a compelling investment opportunity in a rapidly developing area. The property's mixed-use zoning allows for a variety of commercial and potentially residential uses, making it an attractive prospect for both investors and entrepreneurs seeking a foothold in this thriving downtown district.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1939
Construction CONCRETE
Total area 2,932 SF
Lot 0.14 ac (5,985 SF)
Zoning code 6300:COMMERCIAL,RESTRICT
APN 10-7918-006-0210
UPID US18-1864068
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Stephen R Shelley PLLC Law Firm
  • Homestead Research Mental Health Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$515k
CAP Approach CAP
$780k
Comparable Approach Comparable
$734k
Blend (final) Blend
$620k
Owner & transaction history
313 N Krome LLC · 2 yrs held
313 N Krome LLC
since 2023
Last sale
$615,000
7 recorded transactions
2023
Price N/A
2023
Price N/A
2018
Price N/A
2009
$615,000
1998
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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