Corner Medical Office and
999 N Krome Avenue Homestead, FL 33030
999 N Krome Avenue, Homestead, FL, 33030
$2,800,000
For Sale
$2,800,000
Two-unit corner building on Krome Avenue includes turnkey daycare improvements and a leased physician office suite.
Property Size4,834 SF
Price / SF$579.23
Days on Market43
Property Features for 999 N Krome Avenue
General Information
- Standard status
- Active
- Size
- 4,834 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
THE KEYES COMPANY
(786) 255-4747
Listed by
STEVE J NORRITO · License #A12029051
Source
Corcoran
Added: Jun 9 Updated: Jul 21 at 6:33AM Checked: Jul 21 at 6:33AM
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.
Corner commercial property on heavily traveled Krome Avenue offering flexible B-1 zoning with a wide range of permitted uses. The building contains two units totaling approximately 4,800 SF on a 20,000+ SF lot with 22 parking spaces, plus a 1-car carport and 1-car garage.
One unit is a vacant, approximately +/-2,500 SF space that is currently built out as a turnkey, permitted daycare with recent improvements. Features include new HVAC, a fire suppression/sprinkler system, classrooms, a full kitchen, two half baths and one full bath, a fenced play area, and ample storage, with the ability to accommodate other B-1 uses.
The adjacent approximately +/-2,300 SF physician office is leased. The property also notes a newer roof with a 40-year inspection completed in 2021, and owner financing is available with $800,000 down at 8% interest-only and 30-year amortization, with a balloon due in 2 years.
One unit is a vacant, approximately +/-2,500 SF space that is currently built out as a turnkey, permitted daycare with recent improvements. Features include new HVAC, a fire suppression/sprinkler system, classrooms, a full kitchen, two half baths and one full bath, a fenced play area, and ample storage, with the ability to accommodate other B-1 uses.
The adjacent approximately +/-2,300 SF physician office is leased. The property also notes a newer roof with a 40-year inspection completed in 2021, and owner financing is available with $800,000 down at 8% interest-only and 30-year amortization, with a balloon due in 2 years.
Key Highlights
- Corner commercial property on heavily traveled Krome Avenue with flexible B‑1 zoning for office, medical, retail, professional, daycare, and many other permitted uses
- Approx. 4,800 SF building on a 20,000+ SF lot with 22 parking spaces, plus 1‑car carport and 1‑car garage
- Two‑unit setup: vacant +/-2,500 SF turnkey permitted daycare with recent improvements including new HVAC and fire suppression/sprinkler system
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 | $220.4k | $45.60 |
| − Vacancy | −$49.6k | −$10.26 |
| EGI | $170.8k | $35.34 |
| − OpEx | −$42.7k | −$8.84 |
| NOI | $128.1k | $26.51 |
4,834 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.14M
NOI $128,125 @ 7.0% cap · market cap 4.58%
Second Best
Healthcare Medical
$909.9K
$796.2K – $1.06M
NOI $63,693 @ 7.0% cap · market cap 2.27%
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,674 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
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FAQs
What type of property is this?
Office units - Two-unit corner building on Krome Avenue includes turnkey daycare improvements and a leased physician office suite.
Where is this office units located?
The property is located at 999 N Krome Avenue Homestead, FL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Corner commercial property on heavily traveled Krome Avenue with flexible B‑1 zoning for office, medical, retail, professional, daycare, and many other permitted uses; Approx. 4,800 SF building on a 20,000+ SF lot with 22 parking spaces, plus 1‑car carport and 1‑car garage; Two‑unit setup: vacant +/-2,500 SF turnkey permitted daycare with recent improvements including new HVAC and fire suppression/sprinkler system
