505 N Krome Ave, Homestead, FL 33030
Commercial building with B-1 zoning on Krome Avenue.
- Added:
- Mar 21, 2026
- Days on Market:
- 99
- Last Refresh:
- Mar 22 at 8:21 pm
Property Features for 505 N Krome Ave
General Information
- Standard status
- Active
- Size
- 7,640 SF
- Lot size
- 0.31 Acres
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1955
Listing office Royal Palm Real Estate Services LLC (305) 216-1211
Listing date Mar 21, 2026
Source Crexi
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 Royal Palm Real Estate Services LLC
HighLights
- Prime location directly on Krome Ave in Homestead.
- Large 7,640 sq ft building on a 13,500 sq ft lot.
- B‑1 zoning for commercial use.
- Potential for up to 5 separate units, each with its own address and bathroom.
- Front and back building access with parking available in both locations.
- Recently completed 40‑year recertification.
Overview
Local Financial Insights For Office B
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 | $348.4k | $45.60 |
| − Vacancy | −$78.4k | −$10.26 |
| EGI | $270.0k | $35.34 |
| − OpEx | −$67.5k | −$8.84 |
| NOI | $202.5k | $26.51 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Homestead
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.477103
- Latitude
- 25.474627
