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Property profile

815 Krome Ave Florida City, FL 33034

OFF-MARKET
Motels
Property ID
US18-2174741
View Sample
20,907 SF 1.08 ac lot Built 1988
Entity Owned 16-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This 45-key hotel in Florida City, Florida presents a compelling investment opportunity. Built in 1988, this single-story, exterior-corridor property sits on a 1.52-acre lot (APN: 16-7919-000-0060, 16-7919-000-0061) and is zoned C-2. The hotel boasts amenities including an outdoor pool, continental breakfast, and ample outdoor parking. Its strategic location off Krome Avenue (16,300 AADT), less than a mile from the intersection of the Florida Turnpike (50,300 AADT) and US-1 (30,000 AADT), provides exceptional visibility and accessibility. The property benefits from proximity to major demand generators such as Homestead-Miami Speedway, Homestead Air Reserve Base, Biscayne National Park, and its position as a gateway to the Florida Keys. Financial records indicate strong room revenue performance: $813,852 in 2021, $1,030,129 in 2022, and $852,350 in 2023. Furthermore, the property is conveniently located near Miami Dade College-Homestead (1.3 miles), Homestead Sports Complex (3.8 miles), Homestead Baptist Health Hospital (3.9 miles), and more. Seller financing is available. This is a concrete building with a manager's apartment on-site.

Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1988
Construction CONCRETE
Total area 20,907 SF
Lot 1.08 ac (47,129 SF)
Zoning code 6000:COMMERCIAL,GENERAL
APN 16-7919-000-0060
UPID US18-2174741

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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.90M

Owner & transaction history

since 2009
4 recorded transactions
2009
$1.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

6000:COMMERCIAL,GENERAL · Florida City, 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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