Krome Avenue Mixed-Use
317 N Krome Ave 313-317-319 Homestead, FL 33030
317 N Krome Ave 313-317-319, Homestead, FL, 33030
$2,300,000
For Sale
$2,300,000
Mixed-use building with commercial and residential units in Homestead.
Property Size9,160 SF
Price / SF$251.09
Days on Market96
Property Features for 317 N Krome Ave 313-317-319
General Information
- Standard status
- Active
- Size
- 9,160 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1939
Listing Agency
RE/MAX GOLD
(772) 899-4014
Listed by
Bessy Fay Paraohao · License #3071630
(772) 899-4014
Source
Elliman
Added: Apr 15 Checked: Jul 10 at 3:54 pm
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
Investment Insights
Based on property information with market context.
This mixed-use building is available for sale and is located on Krome Avenue in Homestead. The property consists of two folios and has a total area of 9,160 square feet with private parking. It features three commercial units, two of which are designed for medical use, and four apartment units. The property is suitable for medical, professional office, and residential purposes. All units are currently rented, with the exception of unit 301.
Key Highlights
- Prime location on Krome Ave in Homestead
- Mixed‑use property: commercial and residential units
- Substantial 9,160 sq ft
Local Financial Insights For Mixed Use
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 | $274.8k | $30.00 |
| − Vacancy | −$22.0k | −$2.40 |
| EGI | $252.8k | $27.60 |
| − OpEx | −$94.8k | −$10.35 |
| NOI | $158.0k | $17.25 |
9,160 SF · lease $30.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$3.47M
$3.03M – $4.05M
NOI $242,786 @ 7.0% cap · market cap 10.56%
Second Best
Mixed Use
$2.26M
$1.98M – $2.63M
NOI $158,010 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$4.65M
$4.07M – $5.42M
NOI $325,308 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Stephen R Shelley ...
Law Firm
Homestead Research Mental ...
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with commercial and residential units in Homestead.
Where is this mixed-use property located?
The property is located at 317 N Krome Ave 313-317-319 Homestead, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Prime location on Krome Ave in Homestead; Mixed‑use property: commercial and residential units; Substantial 9,160 sq ft
