Corner Daycare and Medical
999 N Krome Ave Homestead, FL 33030
For Sale
$2,850,000
Two-unit corner property with turnkey daycare features, plus a leased physician office and on-site parking.
Property Size4,800 SF
Price / SF$593.75
Days on Market50
Property Features for 999 N Krome Ave
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency:
THE KEYES COMPANY
(786) 412-9736
Listed By:
Karen Ruiz · License #A12029051
(786) 412-9736
Source:
Elliman
Added: Jun 4
Changed: Jul 10
Last Checked: Jul 23 at 4:03PM
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 THE KEYES COMPANY
Investment Insights
Based on property information with market context.
This corner commercial property totals approximately 4,800 SF and sits on a 20,000+ SF lot. The building is configured as two separate units, including a turnkey permitted daycare center of approximately 2,500 SF and a physician office of approximately 2,300 SF. The daycare unit includes classrooms, a full kitchen, two half baths and one full bath, a fenced play area, and ample storage. Reported improvements for the daycare include $150,000+ in renovations, new HVAC, and a fire suppression/sprinkler system. The physician office includes exam rooms, a break room, two half baths, and storage. The property also has a newer roof, and a 40-year inspection was completed in 2021. Off-street parking includes 22 spaces, along with a 1-car carport and a 1-car garage.
The property is located on highly traveled Krome Avenue with direct corner exposure. Access and parking are supported by the on-site lot improvements and the 22-space parking configuration.
For tenants, an operator could pursue the daycare use with the included classrooms, kitchen, and fenced play area, alongside the reported HVAC and fire suppression upgrades. For buyers, the second unit provides an additional leased income stream from the physician office, which is described as having 3 years remaining with 5% annual increases. The listing also notes owner financing terms, with $800,000 down and 8% interest-only payments amortized over 30 years to a balloon in 2 years.
The property is located on highly traveled Krome Avenue with direct corner exposure. Access and parking are supported by the on-site lot improvements and the 22-space parking configuration.
For tenants, an operator could pursue the daycare use with the included classrooms, kitchen, and fenced play area, alongside the reported HVAC and fire suppression upgrades. For buyers, the second unit provides an additional leased income stream from the physician office, which is described as having 3 years remaining with 5% annual increases. The listing also notes owner financing terms, with $800,000 down and 8% interest-only payments amortized over 30 years to a balloon in 2 years.
Key Highlights
- Corner property on Krome Avenue with direct exposure; approx. 4,800 SF on a 20k+ SF lot with 22 parking spaces.
- Two‑unit setup: approx. 2,500 SF permitted daycare center and approx. 2,300 SF physician office.
- Physician office is leased at $6,000/month with 5% annual increases and 3 years remaining.
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 | $218.9k | $45.60 |
| − Vacancy | −$49.2k | −$10.26 |
| EGI | $169.6k | $35.34 |
| − OpEx | −$42.4k | −$8.84 |
| NOI | $127.2k | $26.51 |
4,800 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.82M
$1.59M – $2.12M
NOI $127,224 @ 7.0% cap · market cap 4.46%
Second Best
Healthcare Medical
$903.5K
$790.6K – $1.05M
NOI $63,245 @ 7.0% cap · market cap 2.22%
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,467 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Homestead Physical Therapy ...
Physician
Dmitry Sandler, DPM
Physician
Zambrano Pediatrics
Pediatrician
Dr. Camilo Zambrano
Pediatrician
Dr. Manuel Gomez
Pediatrician
Similar Off Market Nearby
- Tiny Tykes Preschool LLC — 18 NE 6th St, Homestead, FL 33030
- Le Jardin Community Center, Inc. Center 1 — 320 NW 2nd St, Homestead, FL 33030
- Tiny Kingdom Learning Center Inc — 700 NW 10th Ave, Homestead, FL 33030
- Le Jardin Head Start Number 4 — Homestead, FL 33030
- Brilliant Kids Preschool — 450 Washington Ave, Homestead, FL 33030
FAQs
What type of property is this?
Day care center - Two-unit corner property with turnkey daycare features, plus a leased physician office and on-site parking.
Where is this day care center located?
The property is located at 999 N Krome Ave Homestead, FL.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Corner property on Krome Avenue with direct exposure; approx. 4,800 SF on a 20k+ SF lot with 22 parking spaces.; Two‑unit setup: approx. 2,500 SF permitted daycare center and approx. 2,300 SF physician office.; Physician office is leased at $6,000/month with 5% annual increases and 3 years remaining.
