Mixed-Use Property with Private
313 N Krome Ave, Homestead, FL 33030
For Sale
$3,200,000
Seven-unit building combining commercial space with residential units along Krome Avenue.
Property Size7,820 SF
Price / SF$410.26
Days on Market94
Property Features for 313 N Krome Ave
General Information
Standard status
Size
Site & Location
Road Access
Public Transit
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Building Size
Listing Agency:
RE/MAX Gold
Listed By:
Bessy Fay Paraohao, Bessie Paraohao · License #3071630
(772) 899-4014
Source:
Chenoregroup
Added: Aug 8
Changed: Oct 25
Last Checked: Oct 7 at 2:11PM
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 RE/MAX Gold
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Investment Insights
Based on property information with market context.
Built in 1939, this mixed-use property contains approximately 7,820 square feet across three commercial units and four residential units. The building also includes private parking and is organized across two folios. Commercial space is suited to office-oriented occupancy, including medical and professional uses, while the residential component adds a separate income-producing element to the property’s configuration.
The property fronts N Krome Avenue in Homestead, with access to the corridor and proximity to Miami Dade College Homestead Campus and Metro Express Bus Rapid Transit. Established businesses and residential neighborhoods surround the site, placing both commercial and residential uses within an active local setting.
The property fronts N Krome Avenue in Homestead, with access to the corridor and proximity to Miami Dade College Homestead Campus and Metro Express Bus Rapid Transit. Established businesses and residential neighborhoods surround the site, placing both commercial and residential uses within an active local setting.
Key Highlights
- Approximately 7,820 square feet of mixed‑use space
- 3 commercial units and 4 residential units
- Private parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$217,662
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,353,240
$4.4M
Cap Rate 7%
$3,109,457
$3.1M
Cap Rate 9%
$2,418,467
$2.4M
Market Conditions
NOI Build-Up for 7,800 SF
Gross rent
$346.3K $44.40/SF
− Vacancy
−$56.1K −$7.19/SF
EGI
$290.2K $37.21/SF
− OpEx
−$72.6K −$9.30/SF
NOI
$217.7K $27.91/SF
Area
Miami-Dade County, FL
Vacancy
16.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,353,240
Cap Rate 7%
$3,109,457
Cap Rate 9%
$2,418,467
Alternative Uses
Best Use
Office B
$3.11M
$2.72M – $3.63M
NOI $217,662 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$1.73M
$1.51M – $2.02M
NOI $121,038 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$4.26M
$3.73M – $4.97M
NOI $298,157 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,737
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
$382,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Miami-Dade County, FL
Properties on Market for Mixed-use properties in Miami-Dade County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Seven-unit building combining commercial space with residential units along Krome Avenue.
Where is this mixed-use property located?
The property is located at 313 N Krome Ave Homestead, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Approximately 7,820 square feet of mixed‑use space; 3 commercial units and 4 residential units; Private parking included
