Fully Leased Neighborhood Retail
1 S Krome Ave Homestead, FL 33030
For Sale
$3,000,000
Fully occupied retail center on NNN leases, offering a diversified tenant mix for steady operations.
Property Size12,848 SF
Price / SF$233.50
Days on Market49
Property Features for 1 S Krome Ave
General Information
Standard status
Active
Size
12,848 SF
Property subtype
Commercial
Building Details
Year Built
1949
Listing Agency:
Keller Williams Realty Premier
(305) 431-2785
Listed By:
Vladimir Golik · License #0382438
(305) 431-2785
Source:
Elliman
Added: Jun 12
Changed: Jul 10
Last Checked: Jul 30 at 6:10AM
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 Keller Williams Realty Premier
Investment Insights
Based on property information with market context.
This fully leased neighborhood retail center comprises approximately 12,848 square feet on a 13,735-square-foot corner parcel. The property is currently 100% occupied by eleven tenants operating under NNN lease structures. The building has completed its 40-Year Recertification, helping reduce near-term capital expenditure concerns for an owner looking for operational continuity.
Located on highly visible Krome Avenue in the heart of Homestead’s commercial corridor, the center benefits from frontage on a primary thoroughfare. The property sits at a corner location, providing added presence within a well-established retail area serving the surrounding residential and commercial base.
For investors or buyers seeking an income-producing asset with existing tenancy, the fully leased occupancy and NNN structure provide immediate stability. With eleven tenants already in place under NNN arrangements, the tenant mix is diversified within a neighborhood retail format designed for ongoing local demand.
Located on highly visible Krome Avenue in the heart of Homestead’s commercial corridor, the center benefits from frontage on a primary thoroughfare. The property sits at a corner location, providing added presence within a well-established retail area serving the surrounding residential and commercial base.
For investors or buyers seeking an income-producing asset with existing tenancy, the fully leased occupancy and NNN structure provide immediate stability. With eleven tenants already in place under NNN arrangements, the tenant mix is diversified within a neighborhood retail format designed for ongoing local demand.
Key Highlights
- Approximately 12,848 SF retail center on a 13,735 SF corner parcel
- Fully leased and 100% occupied by 11 tenants on NNN lease structures
- Diversified tenant mix across multiple neighborhood retail operators
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail center on NNN leases, offering a diversified tenant mix for steady operations.
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: Approximately 12,848 SF retail center on a 13,735 SF corner parcel; Fully leased and 100% occupied by 11 tenants on NNN lease structures; Diversified tenant mix across multiple neighborhood retail operators
