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Property profile

507 Krome Ave Homestead, FL 33030

OFF-MARKET
Retail residential properties
Property ID
US18-2929761
View Sample
950 SF 0.15 ac lot Built 1988
Entity Owned ~ Est. High Equity

Property summary

AI-generated overview

This 950 sq ft retail space in Homestead, Florida, is a turnkey opportunity for an entrepreneur. Located at 507 N Krome Ave, 33030, this property boasts a rich history, having served as a family-owned glass company since 1961. The current owner is retiring, presenting a unique chance to acquire an established business with existing clientele. The sale includes not only the building constructed in 1988, but also valuable assets such as two delivery vans (a Ford Transit Connect and a Nissan 2500 HT), specialized auto tools, a windshield camera calibration tool, and existing inventory. An adjacent 1750 sq ft building is also included, comprising a 965 sq ft ground floor and two smaller 200 sq ft rental units, offering potential for expansion or additional income streams. The business enjoys a diverse client base, including major insurance companies and auto dealerships, with a significant portion (30%) of sales conducted in cash. This property represents a compelling investment opportunity in a high-traffic area of Homestead, combining established business operations with substantial tangible assets. The property's location in Miami-Dade County provides excellent access to major transportation routes and a thriving local market. This is a rare chance to acquire a profitable, established business with significant growth potential.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1988
Construction CONCRETE
Total area 950 SF
Lot 0.15 ac (6,400 SF)
Zoning code 6300:COMMERCIAL,RESTRICT
APN 10-7918-006-0320
UPID US18-2929761

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2025
Last sale
$550,000
3 recorded transactions
2025
$550,000
2017
Price N/A
2016
Price N/A

Zoning & alternative use

6300:COMMERCIAL,RESTRICT · Homestead, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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