Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    324 Krome Ave Homestead, FL 33030-7204
    Back to Search
    Property profile & analytics

    324 Krome Ave, Homestead, FL 33030-7204

    View on Map
    • Automotive properties
    • 1,912 SF
    • 0.15 lot acres
    Off-Market
    Last Sale Mar 14, 2024
    $95,000
    Property ID
    US18-5845337
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Vicar Auto Center / Auto Repair Shop

    Property Details for 324 Krome Ave

    Year built
    1926
    Construction
    CONCRETE
    Lot size
    0.15 lot acres
    Zone code
    6200:COMMERCIAL,ARTERIAL
    Property type
    Automotive properties
    APN
    10-7813-034-0030
    APU
    1078130340030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 14, 2024 — Sixto De Jesus Ramon Sixto J Ramon Intrafamily Transfer · related —
    Aug 3, 2021 — Sixto J Ramon Sixto J Ramon Intrafamily Transfer · related —
    Jul 25, 1997 $95,000 Sixto J Ramon Gonzalez,ascension & Luisa Grant Deed —
    — — Sixio J Ramon — Deed Of Trust · related $50k · Individual

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-dade
    State
    Florida
    Longitude
    -80.4776
    Latitude
    25.4663
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,160
    $198,360
    $92,336
    $290,696
    -
    $198,360
    $92,336
    $290,696

    Comparable in this City

    • Value Estimation
      $515,000
      7,264 SF

      406 Washington Ave

      VEHICLE SALES, RENTALS
      406 Washington Ave, Homestead, FL 33030-6036
      View Details
    • Value Estimation by Request
      2,790 SF

      137 2nd St

      VEHICLE SALES, RENTALS
      137 2nd St, Homestead, FL 33030-7013
      View Details
    • Value Estimation by Request
      2,943 SF

      160 2nd St

      VEHICLE SALES, RENTALS
      160 2nd St, Homestead, FL 33030
      View Details
    • Value Estimation
      $595,000
      5,863 SF

      129 Flagler Ave

      VEHICLE SALES, RENTALS
      129 Flagler Ave, Homestead, FL 33030-6128
      View Details
    • Value Estimation by Request
      900 SF

      735 Krome Ave

      VEHICLE SALES, RENTALS
      735 Krome Ave, Homestead, FL 33030-7211
      View Details
    • Value Estimation
      $670,000
      4,428 SF

      391 Homestead Blvd

      VEHICLE SALES, RENTALS
      391 Homestead Blvd, Homestead, FL 33030-6221
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      700 SF

      Flagler Ave Car Wash Opportunity

      Car wash with expansion potential on Flagler Avenue.
      505 N Flagler Ave, Homestead, FL 33030
      View Details
    • New
      $1,799,999
      0.34 Acres

      Automotive Repair Facility with Service Bays

      Turnkey automotive repair property with 10 service bays and ample parking, offered with both business and real estate.
      105 NE 1St Rd, Homestead, FL 33030
      View Details
    • $325,000
      750 SF

      Homestead Retail Building - Great Investment

      Profitable Retail Space, Established Business
      Homestead, FL 33030
      View Details
    • $9,700,000

      Homestead Shopping Center Investment Opportunity

      Triple Net Lease shopping center with value-add potential in Homestead.
      854 N Krome Ave, Homestead, FL 33030
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Neighborhood Shopping Center For Rent

      Neighborhood shopping center with ample parking on Campbell Drive.
      239 NE 8Th St, Homestead, FL 33030
      View Details
    • Contact for pricing
      1,208 SF

      Homestead Retail Space For Lease

      Retail space available at Homestead Towne Square.
      803 N Homestead Blvd, Homestead, FL 33030
      View Details
    • $4,305 /Mo
      12,502 SF

      Prime Commercial Space on Krome

      Bustling Krome Ave, ideal for retail, office, or showroom.
      112 N Krome Ave, Homestead, FL 33030
      View Details
    • Contact for pricing
      2,500 SF

      Homestead Retail Space Available

      Retail space for lease in Homestead Towne Square.
      903 N Homestead Blvd, Homestead, FL 33030
      View Details
    • $4 SF/Yr
      6,228 SF

      Homestead Retail Space For Lease

      Prime Homestead location, 6,228 sq ft retail space.
      313 Krome Ave, Homestead, FL 33030
      View Details
    • Contact for pricing

      4 S Krome Ave, Homestead, FL 33030

      Retail space
      4 S Krome Ave, Homestead, FL 33030
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    324 Krome Ave
    Homestead, FL 33030-7204
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    324 Krome Ave, Homestead, FL, 33030
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!