Mixed-Use Property With Commercial
313 N Krome Avenue, Homestead, FL
For Sale
$2,650,000
Commercial Sale, Homestead, FL
Property Size7,800 SF
Lot Size0.17 Acres
Price / SF$339.74
Days on Market95
Property Features for 313 N Krome Avenue
General Information
Property type
Property subtype
Zoning
Parking
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
RE/MAX Gold · RE/MAX International
(772) 607-9600
Listed By:
Bessy Fay Paraohao · License #3071630
(772) 899-4014
Added: Aug 4
Changed: Nov 6
Last Checked: Nov 6 at 9:06PM
MLS# B26060828
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use building contains 3 commercial units and 4 residential units across two folios. The commercial component is identified for medical, professional, or office use, while the property also includes private parking. The building features stucco construction, ceramic tile and wood flooring, central air, flat and tile roofing, public water, and public sewer. It was built in 1939 and includes water availability.
The property is located at 313 N Krome Avenue in Homestead, with access and frontage along Krome Avenue. Surrounding context includes established businesses, residential neighborhoods, Miami Dade College Homestead Campus, and Metro Express Bus Rapid Transit. The site encompasses 0.17 acres in Miami-Dade County and carries zoning designation 6300.
The property is located at 313 N Krome Avenue in Homestead, with access and frontage along Krome Avenue. Surrounding context includes established businesses, residential neighborhoods, Miami Dade College Homestead Campus, and Metro Express Bus Rapid Transit. The site encompasses 0.17 acres in Miami-Dade County and carries zoning designation 6300.
Key Highlights
- 3 commercial units and 4 residential units
- Two folios included: 1079180060210 and 1079180060200
- 0.17‑acre site at 313 N Krome Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,739
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,134,780
$4.1M
Cap Rate 7%
$2,953,414
$3.0M
Cap Rate 9%
$2,297,100
$2.3M
Market Conditions
NOI Build-Up for 7,800 SF
Gross rent
$355.7K $45.60/SF
− Vacancy
−$80.0K −$10.26/SF
EGI
$275.7K $35.34/SF
− OpEx
−$68.9K −$8.84/SF
NOI
$206.7K $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%
$4,134,780
Cap Rate 7%
$2,953,414
Cap Rate 9%
$2,297,100
Alternative Uses
Best Use
Office B
$2.95M
$2.58M – $3.45M
NOI $206,739 @ 7.0% cap · market cap 7.80%
Second Best
Mixed Use
$1.92M
$1.68M – $2.24M
NOI $134,550 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$3.96M
$3.46M – $4.62M
NOI $277,009 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,218
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Mixed commercial and residential occupancy with private parking and access along Krome Avenue.
Where is this mixed-use property located?
The property is located at 313 N Krome Avenue Homestead, FL.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 3 commercial units and 4 residential units; Two folios included: 1079180060210 and 1079180060200; 0.17‑acre site at 313 N Krome Avenue
