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Property profile & analytics
OFF-MARKET Estimated value $5,470,000
Hotels

411 Krome Ave Florida City, FL 33034-4913

62,650 SF 3.49 ac lot Built 1994
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US18-8687508
Property summary
AI-generated overview

This exceptional 114-room hotel, built in 1994, presents a lucrative investment opportunity in Homestead, Florida. Located at 411 S Krome Ave, Florida City, 33034, this 3-star Best Western boasts a prime location, just a short walk from the Florida Keys Outlet and a half-mile from US-1 Hwy. The property features an array of amenities designed to enhance guest experience and maximize revenue potential. These include an outdoor swimming pool, free private parking, a shared lounge, and barbecue facilities. Guest rooms are equipped with modern conveniences such as air conditioning, flat-screen TVs with cable, refrigerators, coffee makers, private bathrooms with hair dryers, and complimentary toiletries. The hotel also offers free WiFi, a 24-hour front desk, an ATM, a business center, and vending machines. A complimentary American breakfast is served daily, adding further value for guests. This well-established hotel is poised for continued success, offering a strong return on investment for the discerning buyer. The property's proximity to major roadways and popular attractions makes it an ideal choice for both leisure and business travelers. With its established reputation and comprehensive amenities, this hotel represents a compelling investment opportunity in a thriving South Florida market. The property is situated in Miami-Dade County and benefits from the high volume of tourism in the Florida Keys region.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1994
Construction CONCRETE
Total area 62,650 SF
Lot 3.49 ac (152,145 SF)
Zoning code 7000:INDUSTRIAL,GENERAL
APN 16-7930-001-0281
UPID US18-8687508
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.47M
Owner & transaction history
Hotel Two LLC · 13 yrs held
Hotel Two LLC
since 2013
7 recorded transactions
2016
Price N/A
2016
Price N/A
2013
$5.0M
2001
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
7000:INDUSTRIAL,GENERAL · Florida City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source C-4 Zoning
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