411 Krome Ave Florida City, FL 33034-4913
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
7000:INDUSTRIAL,GENERAL · Florida City, FLCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.