Mixed-Use Building with Private
New
For Sale
$3,200,000
313 N Krome Avenue, Homestead, FL
COMMERCIAL - Homestead, FL
Property Size7,820 SF
Lot Size0.17 Acres
Price / SF$410.26
Days on Market5
Property Features for 313 N Krome Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
6300
Parking
10
Subdivision
2790
Standard status
Active
APN
1079180060200
Size
7,800 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COMMERCE ADDN PB 2-97 LOT 9 & S5.67FT OF LOT 10 BLK 2 LOT SIZE 55.670 X 135 OR 12594-1868 1283 5
Tax Annual Amount
20474
Legal Description
COMMERCE ADDN PB 2-97 LOT 9 & S5.67FT OF LOT 10 BLK 2 LOT SIZE 55.670 X 135 OR 12594-1868 1283 5
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1939
Floors in Building
2
Number of units
7
Flooring type
Wood, Tile - Ceramic
Building materials
Stucco
Roof type
Flat, Tile
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: Aug 8
Last Checked: Aug 8 at 3:06AM
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.
Investment Insights
Based on property information with market context.
The 1939 mixed-use building contains 3 commercial units and 4 residential units across a 0.17-acre property. Construction includes stucco, with wood and ceramic tile flooring, central air, a flat and tile roof, and private parking. Public water and public sewer serve the property, while zoning is designated 6300.
Located at 313 N Krome Avenue in Homestead, the property has frontage and access along Krome Avenue. The surrounding area includes established businesses and residential neighborhoods, with Miami Dade College Homestead Campus and Metro Express Bus Rapid Transit nearby. The commercial units are described for medical, professional, or office use. The property comprises 2 folios: 1079180060210 and 1079180060200.
Located at 313 N Krome Avenue in Homestead, the property has frontage and access along Krome Avenue. The surrounding area includes established businesses and residential neighborhoods, with Miami Dade College Homestead Campus and Metro Express Bus Rapid Transit nearby. The commercial units are described for medical, professional, or office use. The property comprises 2 folios: 1079180060210 and 1079180060200.
Key Highlights
- 3 commercial units and 4 residential units
- 0.17‑acre mixed‑use property at 313 N Krome Avenue
- Private parking with frontage and access along Krome Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$206,739
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 6.46%
Second Best
Mixed Use
$1.92M
$1.68M – $2.24M
NOI $134,550 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$3.96M
$3.46M – $4.62M
NOI $277,009 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,737
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines commercial suites and residences with on-site parking, public water, and central air conditioning.
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 $3,200,000.
What are key features of this property?
This property features: 3 commercial units and 4 residential units; 0.17‑acre mixed‑use property at 313 N Krome Avenue; Private parking with frontage and access along Krome Avenue
