Multi-Folio Retail and Storage
131 S Flagler Ave Homestead, FL 33030
For Sale
Contact for pricing
Four folios include a main building with Krome Ave frontage, leased storage, a fully leased two-unit building, and a vacant corner lot.
Property Size18,000 SF
Price / SF$222.22
Days on Market156
Property Features for 131 S Flagler Ave
General Information
- Standard status
- Active
- Size
- 18,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1926
Listing Agency:
NV Realty Services, Inc.
(305) 345-9774
Listed By:
Kristopher Elliott · License #3221591
Source:
Crexi
Added: Feb 17
Changed: Jul 20
Last Checked: Jul 22 at 4:30PM
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 NV Realty Services, Inc.
Investment Insights
Based on property information with market context.
The property consists of four folios configured as a mix of income-producing buildings and ancillary outdoor/drive areas, located at 131 S Flagler Ave in Homestead, FL. The main building has frontage to Krome Ave. In the rear, there is an attached building currently rented as storage. Also in the rear area is an additional free-standing, single-story property that is a fully leased two-unit setup (second folio).
The third folio is a vacant corner lot, providing an additional separate parcel within the overall offering. The fourth folio is a much smaller concrete pad situated between the main building and the rear building. Together, the four folios create multiple spaces and parcel types within one package, including retail/fronting frontage and separately held outdoor/concrete area components.
The third folio is a vacant corner lot, providing an additional separate parcel within the overall offering. The fourth folio is a much smaller concrete pad situated between the main building and the rear building. Together, the four folios create multiple spaces and parcel types within one package, including retail/fronting frontage and separately held outdoor/concrete area components.
Key Highlights
- Property built in 1926 with 4 separate folios
- Main building with frontage on Krome Ave
- Rear building (Building 2) attached to the main building, currently rented as storage
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 | $475.2k | $26.40 |
| − Vacancy | −$40.4k | −$2.24 |
| EGI | $434.8k | $24.16 |
| − OpEx | −$130.4k | −$7.25 |
| NOI | $304.4k | $16.91 |
18,000 SF · lease $26.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.35M
$3.80M – $5.07M
NOI $304,366 @ 7.0% cap · market cap 7.61%
Second Best
Warehouse
$3.37M
$2.95M – $3.93M
NOI $235,963 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$9.13M
$7.99M – $10.65M
NOI $639,251 @ 7.0% cap · market cap 15.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Detallos Flowers — 698 N Homestead Blvd Ste 101, Homestead, FL 33030
- deta As Flowers — Homestead, FL 33030
- Anthea Floral Design — 229 S Krome Ave, Homestead, FL 33030
- Designs by Darenda — 240 S Krome Ave, Homestead, FL 33030
- Suhaag Garden Inc — 141 W Mowry Dr, Homestead, FL 33030
FAQs
What type of property is this?
Storefront property - Four folios include a main building with Krome Ave frontage, leased storage, a fully leased two-unit building, and a vacant corner lot.
Where is this storefront property located?
The property is located at 131 S Flagler Ave Homestead, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Property built in 1926 with 4 separate folios; Main building with frontage on Krome Ave; Rear building (Building 2) attached to the main building, currently rented as storage
