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    Property profile & analytics
    OFF-MARKET Estimated value $1,895,000
    Motels

    815 Krome Ave, Florida City, FL 33034-2419

    20,907 SF 1.08 ac lot Built 1988
    Entity Owned 16-yr Hold ~ Est. High Equity
    Property ID
    US18-2174741
    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
    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
    $1.90M
    Owner & transaction history
    New Gayatri INC · 16 yrs held
    New Gayatri INC
    since 2009
    4 recorded transactions
    2009
    $1.2M
    1969
    1969
    1969
    Zoning & alternative use
    6000:COMMERCIAL,GENERAL · Florida City, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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