Office Building with Conference
201-123 N Krome Ave, Homestead, FL 33030
For Sale
Contact for pricing
Each floor includes a conference room, and on-site parking is available on a first-come basis.
Property Size5,817 SF
Price / SF$0.11
Days on Market8
Property Features for 201-123 N Krome Ave
General Information
Standard status
Size
Total Parking Spaces
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
conference room
Listing Agency:
Realty World Executive Homes
(305) 251-4044
Listed By:
Lydia Iglesias · License #3316529
(786) 512-4897
Source:
Exprealty
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 3:37PM
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.
The 5,817-SF office building has a conference room on each floor. A private parking lot provides 10 spaces, available on a first-come basis.
At 201-123 N Krome Ave in downtown Homestead, the property is within walking distance of City Hall and across from the police building.
At 201-123 N Krome Ave in downtown Homestead, the property is within walking distance of City Hall and across from the police building.
Key Highlights
- 5,817‑SF office building
- One conference room on each floor
- Private lot with 10 first‑come, first‑served parking spaces
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
1,818
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 - Each floor includes a conference room, and on-site parking is available on a first-come basis.
Where is this office unit located?
The property is located at 201-123 N Krome Ave Homestead, FL.
What are key features of this property?
This property features: 5,817‑SF office building; One conference room on each floor; Private lot with 10 first‑come, first‑served parking spaces
