137 N Krome Ave Homestead, FL 33030
6,667 SF retail building in Historic Downtown Homestead.
Property Features for 137 N Krome Ave
General Information
- Standard status
- Active
- Size
- 6,667 SF
- Property subtype
- Retail
Listing office (305) 490-6526
Listing date Nov 26, 2025
Source Lee-associates
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.
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.
Local 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 |
