633 Krome Ave Homestead, FL 33030
- Office buildings
- 3,304 SF
- 0.31 lot acres
Current Use by Public Records
- Law Offices of Jose A. Dapena, P.A / Law Firm
- Psychzy / Psychologist
- Family Behavior Services / Mental Health Service
- Judith Fernandez Insurance / Insurance Agency
- Mindful Thoughts / Counselor
Property Details for 633 Krome Ave
- Year built
- 1949
- Construction
- CONCRETE
- Lot size
- 0.31 lot acres
- Property size
- 3,304 SF
- Zone code
- 6300:COMMERCIAL,RESTRICT
- Property type
- Office buildings
- APN
- 10-7918-006-0363
- APU
- 1079180060363
Description
This exceptional 3,304 square foot mixed-use commercial building is strategically located on Krome Avenue in Homestead, Florida, boasting 150 feet of frontage. The property sits on a 0.38-acre lot and is zoned B-1 Commercial, ensuring diverse usage potential. Currently in excellent condition, the building features a new roof and new impact windows, providing both durability and security. The interior layout is well-designed for optimal functionality, including reception areas, multiple suites on both the first and second floors, ten or more individual offices, three bathrooms, spacious conference rooms, and a kitchen. Adjacent to a Popeyes restaurant, this property benefits from high visibility and significant traffic counts on Krome Avenue, a key thoroughfare. Included in the sale is a second folio (10-7918-006-0370) encompassing private parking for the building. The property is situated in a rapidly developing area of Homestead, benefiting from an ongoing revitalization project. Current tenants are on month-to-month leases, offering flexibility for the new owner. This presents a unique opportunity to acquire a well-maintained, high-traffic commercial property in a burgeoning market. The asking price is $2,950,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $430,000
- 6.5%
- $440,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $465,000
- Geo Method
- $455,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $425,000
- Retail
- $410,000
- Mixed-Use
- $355,000
- Hospitality
- $335,000
- Educational
- $355,000
- Residential Income
- $395,000
- Energy
- $450,000
- Income-Based Land
- $360,000
- Food Service
- $340,000
Location Insight
- Map
- Local Demand
- City
- Homestead
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.4771
- Latitude
- 25.476
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA