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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Outlet malls
51 Krome Ave Homestead, FL 33030-6014
Entity Owned
1-yr Hold
Free & Clear
Property ID
US19-0890263
Property summary
AI-generated overview
This exceptional mixed-use property, located at 51 N Krome Ave in Homestead, Florida, presents a compelling investment opportunity. The 2,010 square foot building, constructed in 1982, boasts an unmatched location in the heart of downtown Homestead. Its strategic placement across from Losner Park and the Police Headquarters ensures high visibility and significant foot traffic. The proximity to City Hall, the Homestead Station, and a seven-story parking garage further enhances its appeal to potential tenants and customers. The surrounding area is vibrant, with numerous shops, restaurants, and cultural landmarks contributing to a bustling atmosphere. This property offers a rare chance to acquire a well-situated commercial building in a thriving downtown area. The asking price is $680,000. The motivated seller makes this an opportunity not to be missed. This property is situated in Miami-Dade County, Florida, zip code 33030.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1925
Construction
CONCRETE
Total area
2,010 SF
Lot
0.08 ac (3,375 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
10-7918-006-0051
UPID
US19-0890263
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
Current use
Occupant on record · Public records
-
Ichim Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$419k
Blend (final)
Blend
$520k
Owner & transaction history
51 N Krome Avenue LLC · 1 yrs held
51 N Krome Avenue LLC
since 2025
Last sale
$585,000
5 recorded transactions
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · Homestead, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$670,000
+57.5%
Office building
$625,000
+46.6%
Neighborhood: shopping center
$575,000
+35.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Homestead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Homestead submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$555,000
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
$565,000
6.5%
$525,000
7%
$485,000
Alternative Use
Use
Estimation
RETAIL STORES
$425,000
Current use
COMMERCIAL (GENERAL)
$670,000
Change: +58% · Conversion: Easy
OFFICE BUILDING
$625,000
Change: +47% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$575,000
Change: +35% · Conversion: Moderate
WAREHOUSE, STORAGE
$430,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $585k (Jan 21 2025)
Last sale anchor
$585k
Jan 21 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$259 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,728
Tax year 2023
Assessed value
$281,000
Assessed 2023
Previous assessed
$214,923
+30.7% YoY
Effective rate
1.68%
On assessed value
Assessed land
$135,000
Assessed improvement
$146,000
Land market value
$135,000
Improvement market value
$146,000
Total market value
$281,000
Applied tax rate
1,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1925
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
2,010 SF
Lot
0.08 ac (3,375 SF)
Zoning code
6300:COMMERCIAL,RESTRICT
APN
10-7918-006-0051
UPID
US19-0890263
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6300:COMMERCIAL,RESTRICT · Homestead, FL
Zoning 6300:COMMERCIAL,RESTRICT · permitted uses
6300:COMMERCIAL,RESTRICT · Homestead, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Homestead. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$425,000
COMMERCIAL (GENERAL)
Est. value
$670,000
OFFICE BUILDING
Est. value
$625,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$575,000
WAREHOUSE, STORAGE
Est. value
$430,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1925
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
51 N Krome Avenue LLC
Entity
Free & Clear · 1 yrs held
Mailing address
51 N KROME AVE, HOMESTEAD, FL 33030-6014
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2025
$585,000
51 N Krome Avenue LLC
Yuanyuan Wang
Warranty Deed
—
Jan 14, 2025
—
Yuanyuan Wang
Fengchao Hou
Deed
related
—
Oct 15, 2024
—
Yuanyuan Wang
Fengch Hou
Warranty Deed
—
Apr 24, 2019
$422,000
Fengchao Hou
Downtown Homestead INC
Grant Deed
—
Jun 28, 2004
$315,000
Downtown Homestead INC
Levy,jack
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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